Herbert Diess The VW boss plans massive savings. (Photo: Bloomberg) Berlin Volkswagen boss Herbert Diess urges a media report in the corona crisis on savings. That have This Recently made clear in a speech to top managers of the group, the industry magazine “Automobilwoche” reported on Saturday, citing participants. “We have to cut R&D expenditure,… Continue reading Corona crisis: VW boss Diess apparently plans austerity measures
Tag: VW
@VW Group: Volkswagen expands Executive Committee of the Supervisory Board to eight members
The Supervisory Board of Volkswagen Aktiengesellschaft has added two further members to its Executive Committee, taking membership to eight. This was announced by the Company’s Supervisory Board on Friday, 5th June 2020. The reason for the expansion is increasing duties and responsibilities. Recent legislation such as the Act Implementing the Second Shareholder Rights Directive (ARUG… Continue reading @VW Group: Volkswagen expands Executive Committee of the Supervisory Board to eight members
@VW Group: A life revolving around Porsche
We’ll call him Alberto for the sake of preserving the anonymity he’s asked us to uphold. The dawning of his attraction to the Stuttgart-born brand takes us back to the early seventies. At that time, his early love of rallies led him to contemplate the success of numerous 911 units at the hands of renowned… Continue reading @VW Group: A life revolving around Porsche
According to Shitstorm: Volkswagen board deals with racist commercial
Swen gatekeeper / dpa Volkswagen headquarters in Wolfsburg After the internet shit storm because of a racist promotional videos at VW Now the entire board should deal with the further processing of the topic. Volkswagen decided this Show stock market chart on Friday after internal auditors reviewed the history of the heavily criticized Instagram spot… Continue reading According to Shitstorm: Volkswagen board deals with racist commercial
Presidium of the supervisory board expanded to eight members: family shareholder Piëch moves into VW management circle
DPA Hans Michel Piëch, Wolfgang Porsche (r) .: The largest single shareholder of VW is promoted to the management circle The supervisory board of Volkswagen has expanded his presidium. The group announced on Friday that Hans Michel Piëch would move into the closer management group of the control committee. Piech is spokesman for the family… Continue reading Presidium of the supervisory board expanded to eight members: family shareholder Piëch moves into VW management circle
Bentley to cut nearly a quarter of its workforce
Automotive industry Carmaker hopes to cut 1,000 jobs through voluntary redundancies but warns no-deal Brexit will deepen coronavirus impact The luxury carmaker warned it could not rule out future compulsory redundancies, as the pandemic reduces demand for cars. Photograph: John Sibley/Reuters Bentley has confirmed it is seeking to make 1,000 job cuts through a voluntary… Continue reading Bentley to cut nearly a quarter of its workforce
Lamborghini sales stay hot with stock market soaring again: CEO
Lamborghini appears to be firing on close to all 12 cylinders despite the global economic downturn. With the stock market soaring again and an extremely loyal affluent customer base, perhaps that’s unsurprising. “I think what we can say today is that the first signal that we have received from our customers in our market is… Continue reading Lamborghini sales stay hot with stock market soaring again: CEO
Volkswagen resumes deliveries of its Golf 8 after software glitch
FILE PHOTO: Mechanic staff work on the production line of Volkswagen e-Golf in the Glaeserne Manufaktur plant in Dresden, Germany May 8, 2018. REUTERS/Matthias Rietschel FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it had resumed deliveries of its newest Golf model after voluntarily halting sales in mid-May. Volkswagen stopped sales after the carmaker discovered… Continue reading Volkswagen resumes deliveries of its Golf 8 after software glitch
Volkswagen board to review internal probe into racist car ad
FILE PHOTO: The logo of German carmaker Volkswagen is seen on a new Golf car at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) has completed an internal report into how it came to publish a racist advert, the German carmaker said on Friday, adding that its findings… Continue reading Volkswagen board to review internal probe into racist car ad
German gas stations will have to provide electric car charging under new rules
Gas stations in Germany will be required to provide charging for electric vehicles as part of the country’s €130 billion coronavirus stimulus package, Reuters reports. In addition, the government is also increasing its subsidy for electric vehicles by €3,000 to €6,000 for cars costing less than €40,000. Combined, these measures could be a big boost… Continue reading German gas stations will have to provide electric car charging under new rules