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Berlin: Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, reached at the end of marathon negotiations with labour representatives, will save Europe’s largest carmaker around four billion euros ($4.2 billion) a year, the German…
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Volkswagen is a tiny player overall in India’s 4 million units a year car market. New Delhi: India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one…
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Volkswagen’s headquarters in Wolfsburg, Germany. (Photo: Krisztian Bocsi / Bloomberg) Volkswagen AG is considering unprecedented factory closures in Germany in a bid for deeper cutbacks, delivering another blow to Chancellor Olaf Scholz’s government. The potential measures, targeting its main passenger car brand as well as other group operations, also include trying to end the company’s…
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Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use certain platform components, as well as Volkswagen’s unified battery cell, for its own electric platform,…
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