Volkswagen plans major layoffs, to shut at least three German plants, works council head saysVolkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic ...
28 Oct, 2024, 04.35 PM IST
Porsche ignites blockbuster IPO, defying market turmoilEven as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with...
29 Sep, 2022, 04.27 PM IST
Porsche IPO valuation sends Volkswagen shares up 1.3%The issue could be Europe's third largest IPO on record if the upper price target is reached, according to Refinitiv data. Volkswagen's sha...
19 Sep, 2022, 04.15 PM IST
Skoda Auto Volkswagen begins export of its sedan VirtusThe European carmaker commenced vehicle exports from India in 2011 with 6,256 units of the India-built Vento for the South African market. ...
12 Sep, 2022, 04.54 PM IST
Volkswagen plans to sell first electric car in India in 2023While it would like to import all 2,500 units, the availability of vehicles is a concern worldwide due to worsening supply chain constraint...
10 Jun, 2022, 05.12 AM IST
Volkswagen, top shareholder strike framework deal for Porsche IPOIn case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to ...
25 Feb, 2022, 12.11 PM IST
What's driving the latest Volkswagen power struggle?Volkswagen's four-member mediation committee is planning to discuss Diess' future soon, sources have said, creating uncertainty around the ...
05 Nov, 2021, 02.49 PM IST
Volkswagen invests $620 mln in Northvolt to secure battery supplyThe investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen's stake stable a...
09 Jun, 2021, 05.26 PM IST
Volkswagen clinches wage deal with Germany's IG Metall unionThe deal with IG Metall, struck after 14 hours of negotiations in what was the fifth round of talks, will see salaries rise by 2.3% from Ja...
13 Apr, 2021, 03.20 PM IST
Volkswagen looks to electric vehicles, cost cuts for profit recoveryVolkswagen aims to more than double deliveries of electric vehicles to 1 million this year, it said, adding it would also apply a standardi...
16 Mar, 2021, 01.53 PM IST
Turning corona corner, Volkswagen's profit falls less than fearedThe group said full-year operating profit, excluding costs related to its diesel emissions scandal, came in at 10 billion euros ($12.2 bill...
22 Jan, 2021, 07.00 PM IST
Volkswagen faces EU fine for missing 2020 emissions targetsConcerned about global warming, as well as air pollution, European policymakers have clamped down on exhaust emissions, forcing carmakers t...
21 Jan, 2021, 07.08 PM IST
Volkswagen jumps onto shared mobility bandwagon, announces partnership with ZoomcarThe companies have agreed on offering other vehicles from Volkswagen’s existing product portfolio in the future.
25 Jun, 2019, 04.07 PM IST
Banks plan to drag finance companies of car makers to CCIBanks are planning to drag finance firms of car makers to CCI, saying they have hijacked auto finance biz through unfair trade practices.
25 Oct, 2012, 12.16 PM IST
- Volkswagen board moves closer to Porsche merger
German carmaker Volkswagen AG said on Friday its supervisory board had approved certain agreement contracts for the planned merger with Ger...
20 Nov, 2009, 02.50 PM IST
- Volkswagen seals Porsche deal for $4.7 bn
Volkswagen, Europe’s largest carmaker, will pay about e3.3 billion ($4.7 billion) for a 42% stake in Porsche’s automotive unit as it execut...
15 Aug, 2009, 01.27 AM IST
- Volkswagen picks up 15.1% stake in MAN
Volkswagen bought a 15.1% stake in MAN, turning the tables on Europe’s third-largest truckmaker and blocking its attempted takeover of Swed...
05 Oct, 2006, 01.56 AM IST