Chinese companies are investing in the Russian automobile market amid Western sanctions

Chinese companies are investing in the Russian automobile market amid Western sanctions

In response to Russia‘s large-scale invasion of Ukraine, Western countries have increased sanctions against Moscow. Many Western companies have also left Russia, notably automobile manufacturers. A void increasingly filled by Chinese companies. Whether it is the French Renault and Ford, the Japanese Nissan and Toyota or the German Volkswagen and Mercedes Benz, all these brands … Read more

140 billion partnership: Volkswagen has joined its biggest rival Tesla for the development of electromobility – Garáž.cz

140 billion partnership: Volkswagen has joined its biggest rival Tesla for the development of electromobility – Garáž.cz

The companies announced their collaboration at the end of June. The aim of the joint venture is to integrate Rivian’s advanced electrical infrastructure and software technology into the future electric vehicles of both companies, in all relevant vehicle segments. The joint venture will use Rivian’s existing technology to launch the Rivian R2 model in the … Read more

From Volkswagen to BMW, EU investment boom in China. From April to June they rose to 3.6 billion despite the tariff war

From Volkswagen to BMW, EU investment boom in China. From April to June they rose to 3.6 billion despite the tariff war

From Volkswagen to BMW and Ikea, European investments in China seem to have no obstacles, even in times of tariff war. Despite calls from Brussels to reduce the risk of economic ties with the Dragon, greenfield investments, i.e. those linked to the creation of new companies or the establishment of additional structures, rose to 3.6 … Read more

Volkswagen plans to close at least three plants in Germany

Volkswagen plans to close at least three plants in Germany

Berlin. Volkswagen has informed employee representatives that it intends to close at least three plants in Germany, the head of the automaker’s employee council said Monday. Daniela Cavallo reported at a meeting with Volkswagen workers at the company’s headquarters in Wolfsburg that management also plans cuts elsewhere, and vowed to resist the plans, German news … Read more

A stylish VW ID. Buzz is now the cheapest ever. The commercial version – Garáž.cz – is also getting a new welcome

A stylish VW ID. Buzz is now the cheapest ever. The commercial version – Garáž.cz – is also getting a new welcome

You can also listen to the article in an audio version. Electric MPV Volkswagen ID. Buzz it already produces the extended, seven-seat, all-wheel drive version and the sport-oriented GTX version. Now the table extends down, ie to the default version. It is identified by an ID. Pure buzz and costs a little more than a … Read more

Volkswagen is asking workers to take a 10 percent pay cut

Volkswagen is asking workers to take a 10 percent pay cut

AFPWorkers at the Volkswagen factory in the city of Zwickau in Germany are demonstrating against the cuts NOS news•yesterday, 8:32 p.m Volkswagen requires its own employees to donate 10 percent of their salary. The German carmaker says this is done to protect jobs and stay competitive. The announcement goes against the wage demands made by … Read more

Experts warn: Germany will not drag the Czech Republic anymore – Seznam Zpravy

Experts warn: Germany will not drag the Czech Republic anymore – Seznam Zpravy

Car emergency Volkswagen and by extension the entire European industry is entering the next phase. The company will report third-quarter results on Wednesday and management will meet again with the IG Metall union, which is threatening a strike at the company over layoff plans. According to an economist and electromobility expert Jan Staňka the company’s … Read more

History-Reasons 3 Car Giants of the World Go to the Falls

History-Reasons 3 Car Giants of the World Go to the Falls

List of contents Jakarta, CNBC Indonesia – The wave of collapse of the world’s car giants is starting to hit, especially in Europe. Several companies recorded a decline in sales and were forced to close factories and make major discounts. At least three European car companies have been hit very hard in the last few … Read more

Volkswagen closes 3 factories and cuts pay – Business and Analysis – Ansa.it

Volkswagen closes 3 factories and cuts pay – Business and Analysis – Ansa.it

Volkswagen will close at least three factories. This is what the works council of the German car giant announced, according to what some media such as Bild and die Welt reported. “The Board of Management wants to close at least three VW plants in Germany,” said the chairman of the Group’s works council, Daniela Cavallo, … Read more