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...
10 Mar, 2026, 06.13 PM IST
US EV slowdown drives $55 billion hit for carmakersIn a turbulent turn of events, major global car manufacturers are grappling with heavy financial losses. Brands like Stellantis, Ford, Gene...
06 Feb, 2026, 04.19 PM IST
Volkswagen swings to 1.3-billion euro loss in Q3 on tariff, Porsche woesVolkswagen reported a 1.3-billion-euro operating loss in the third quarter, significantly impacted by billions in costs from U.S. tariffs a...
30 Oct, 2025, 12.20 PM IST
'Party's over' in China: European carmakers face tariffs, price warThe European automotive industry faces a challenging period as evidenced by the Munich car show. Declining profits in China, tepid European...
10 Sep, 2025, 12.51 AM IST
Volkswagen's Skoda to invest in manufacturing EVs in India despite $1.4 billion tax demand overhangSkoda Auto plans to manufacture electric vehicles in India, investing independently if necessary. While facing a significant tax dispute, S...
14 Mar, 2025, 02.08 PM IST
Volkswagen is reeling in China. Can EVs help it grow in the US?The world's second-largest automaker faces a vexing landscape of challenges in Europe, the U.S. and especially China, where domestic EV mak...
29 Jul, 2024, 10.22 AM IST
Slowing EV sales are upending banker climate strategiesThe global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy intervention...
22 May, 2024, 09.16 PM IST
India EV policy to help global car companies expedite investment decisions: Skoda senior executivePetr Janeba's comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment. Skoda ...
02 Apr, 2024, 07.23 PM IST
Volkswagen to invest in mines in bid to become global battery supplierEurope's biggest carmaker wants its battery unit PowerCo to become a global battery supplier, not just produce for Volkswagen's own needs, ...
17 Mar, 2023, 01.22 PM IST
Volkswagen to invest $193 bn over 5 years to help meet EV targetOver two-thirds of the five-year investment budget is allocated towards electrification and digitalisation, up from 56% in the previous fiv...
14 Mar, 2023, 03.35 PM IST
Global automakers such as General Motors, Volkswagen face electric shock in ChinaThere are no foreign brands among the top 10 automakers in the new energy vehicle segment this year, with the notable exception of Tesla in...
27 May, 2022, 10.26 AM IST
Renault goes back to the future in an electric accelerationRenault Chief Executive Luca de Meo said it planned to launch 10 electric cars by 2025 and that all-electric vehicles would account for up ...
30 Jun, 2021, 03.51 PM IST
Renault raises targets for share of electric vehiclesUnveiling a new plan for electric vehicles (EVs), Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025 a...
30 Jun, 2021, 03.48 PM IST
VW brand aims to quadruple sales, cross 50k unit sales mark in India by 2022“As far as India is concerned, I think the inflection point in India towards mass electrification will come somewhere around 2025-2026,” Gu...
01 Jun, 2021, 08.52 PM IST
China and electric cars offer automakers hope after a dire 2020China's auto industry rebounded swiftly following its shutdown to tackle the COVID-19 outbreak, while in Europe manufacturers' battle to me...
12 Jan, 2021, 06.56 PM IST
Skoda Volkswagen aims for carbon neutral car production in India by 2025The automobile industry also uses gases like propane, LNG or LPG at during manufacturing. Boparai said that SAVWI will move to biogas as it...
04 Jun, 2020, 09.37 PM IST
Volkswagen in final talks to seal biggest M&A deals in China EV sector: SourcesThe firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yu...
27 May, 2020, 10.05 AM IST