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AUDI JOB CUT
Porsche CEO aims to finalise new cost-cutting package by JulyPorsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. ...- Tesla says to add 1,000 jobs in GermanyElon Musk's automotive and robotics company Tesla said Thursday that it would hire more than 1,000 people in Germany, a rare bright spot in...
- Volkswagen says to cut 50,000 jobs as profit slidesGerman auto giant Volkswagen will cut 50,000 jobs in Germany by 2030. This move comes as the company faces declining profits and intense co...
- EU car industry sees relief - and pain - in US trade dealThe European Union car industry sees the United States trade deal as a partial relief. However, tariffs will still negatively affect the in...
- This Faridabad banker quit his job to become a milkman, now delivers milk in a Rs 60 lakh convertible Audi and Harley-DavidsonAmit Bhadana, a former banker, now delivers milk in Faridabad. He uses a luxury Audi A3 convertible for his daily rounds. Bhadana switched ...
- Audi weighs price increases to soften US tariff blowAudi is considering whether to pass on the cost of U.S. import tariffs to customers and expects a decision this year on localising producti...
- Audi announces massive job cuts, sends big message to luxury car industryAudi employs about 88,000 people worldwide, including 55,000 in Germany.
- Europe's embattled auto sector plans plant closures and layoffsSeveral automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...
- In high-wage Germany, Volkswagen's labour costs outstrip the competitionVolkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a...
- As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worriedVolkswagen is considering closing some factories in Germany for the first time in its history to meet cost-cutting goals. The company needs...
- VW weighs staff reductions as electric shift stalls"The situation is critical. Many markets are under pressure. Our orders, particularly for electric vehicles, have been lower than expected,...
- Frequent changes in tax rates hit planning: Auto industryThe impact will be more telling on luxury cars. Audi's Q7 SUV will get dearer by Rs 7 lakh while the Mercedes E-Class will cost nearly Rs 4...
- Race-track rivalry moves to boardroom as VW brands battle for electric car jobsVOLKSWAGEN-POWERSTRUGGLE:Race-track rivalry moves to boardroom as VW brands battle for electric car jobs
- Amid global woes, India a bright spot for automaker VolkswagenVolkswagen India posted a net profit of Rs 604 crore in fiscal 2015, its filings with the Registrar of Companies showed, and it was sitting...
- Volkswagen brand to cut investment, change diesel technologyVW brand head Herbert Diess made the announcement as the company struggles to overcome a scandal over cars equipped with software that let ...
- Why trouble for Volkswagen made in Germany means Mexico headacheVW has already cut Saturday shifts at its Puebla factory, the largest stand-alone plant making VW brand cars outside of Wolfsburg, where th...
- Mercedes sets up luxury-car facility in Hungary to compete with BMWThe factory will help meet its goal of boosting sales 27% by 2015, while at the same time raising profitability with models like the A-Clas...
- Geneva Motor Show: Ford, Toyota and other carmakers prepare for deepening slumpFord Motor, Toyota Motor and other competitors are preparing for a deeper slump in the European auto market after deliveries at the beginni...
- European leaders meet over finance crisis as stocks surgeLeaders of Britain, France and the European Union gathered Monday for a mini-summit on the world financial crisis as stock markets across E...
- Volkswagen's Wolfsburg plant may roll out Audis tooVolkswagen is seriously considering making cars for premium arm Audi in its main Wolfsburg plant to fill unused capacity at the factory and...
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