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Porsche to cut another 5,000 jobsPorsche will eliminate another five thousand jobs by the year 2035. This decision follows previous job cuts and is part of restructuring me...- Audi must work with Volkswagen to realign business, says CFOAudi's finance chief stated the premium brand needs restructuring with Volkswagen. Declining sales in China and the United States are creat...
- Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...
- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- ET Prime Special Series: Multibagger or Bankrupt - Part 65: This auto ancillary is making new moves. Separate signal from noiseThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has s...
- Volkswagen key shareholder pitches producing Chinese car models in GermanyGermany's Lower Saxony premier, a major Volkswagen shareholder, suggested producing China-developed models locally to secure jobs and boost...
- Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reportsVolkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...
- Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund caseIndian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky ...
- Volkswagen and Porsche recall over 500,000 US vehicles with rearview camera glitchPorsche and Volkswagen are recalling over half a million vehicles in the United States. This is due to problems with rearview camera displa...
- BMW, Mercedes, VW in talks with US over possible tariff deal, sources sayGerman carmakers, including BMW, Mercedes-Benz, and Volkswagen, are engaged in discussions with Washington regarding a potential import tar...
- Bombay HC to hear Skoda Volkswagen's plea against USD 1.4 bn tax notice on Feb 17The Bombay High Court will hear Skoda Auto Volkswagen India's plea against a $1.4 billion tax demand on February 17. The company is accused...
- Skoda Auto Volkswagen India moves Bombay HC over $1.4 bn tax noticeSkoda Auto Volkswagen India has approached the Bombay High Court over a Rs 11,000 crore show cause notice from tax authorities for alleged ...
- Cooperating with authorities over show cause notice: Skoda Auto Volkswagen IndiaVolkswagen is cooperating with Indian authorities after receiving a notice for alleged customs duty fraud worth Rs 11,000 crore related to ...
- Kotak Mahindra Group acquires vehicle financing portfolio of Volkswagen FinanceKotak will gain access to over 30,000 high-quality customers with a total loan outstanding with VWFPL of around Rs 1,340 crore, the company...
- Volkswagen's CEO Herbert Diess to step aside at Skoda, SeatAt Seat, Diess would be succeeded by current technology head Thomas Schmall and at Skoda by Murat Aksel, head of procurement on the Volkswa...
- Volkswagen Finance acquires majority stake in digital lending platform KUWYThe Volkswagen Group’s financing arm had first bought a 25% equity stake in the latter in September 2019. KUWY Technology is an instant len...
- Volkswagen India posts 6th straight year in production growth in 2017, registers output of 1.5 lakhA production of 150,150 cars represented a growth of 3.5% over 2016, wherein the company produced close to 1.45 lakh units.
- Volkswagen NBFC to start financing of pre-owned cars from JanVolkswagen, which received a licence recently from RBI to start its NBFC, plans to finance pre-owned cars from early next year.
- Bajaj Allianz to insure all Volkswagen vehiclesVolkswagen Finance has signed an agreement with Bajaj Allianz General Insurance under which the two will provide innovative and customized ...
- Bajaj Allianz to insure all Volkswagen vehiclesVolkswagen Finance has signed an agreement with Bajaj Allianz General Insurance under which the two will provide innovative and customized ...
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