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Results for "Volkswagen Group"

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Volkswagen Group Faces Critical Weeks Amid Internal Tensions
Businessnzz3d ago

Volkswagen Group Faces Critical Weeks Amid Internal Tensions

Volkswagen Group CEO Oliver Blume is urging employees to cooperate as the company faces crucial weeks, with an internal survey revealing employee dissatisfaction with management and escalating disputes over the future of Europe's largest industrial conglomerate.

Call for State Withdrawal from Volkswagen to Ensure Survival
Politicsnzz1mo ago

Call for State Withdrawal from Volkswagen to Ensure Survival

An opinion piece argues that the state must withdraw from the Volkswagen group, as the Lower Saxony state government and the metalworkers' union are hindering necessary restructuring. It suggests abolishing the VW law to reduce their influence and save the company.

Hyundai Motor tops Volkswagen in profit for first time
BusinessKorea Herald5mo ago

Hyundai Motor tops Volkswagen in profit for first time

South Korea’s Hyundai Motor Group recorded the world’s second-largest operating profit among global automakers last year, surpassing Germany’s Volkswagen Group for the first time, industry data showed Wednesday. The group — which includes Hyundai Motor, Kia and luxury brand Genesis — posted 20.5 trillion won ($13.95 billion) in operating profit in 2025. That placed it behind only Toyota Group, which topped the list with 4.3 trillion yen ($27.15 billion) in operating profit. Industry watchers sai

Volkswagen Prepares Rescue Plan Amid Industry Turmoil
Worldsvenska-dagbladet1mo ago

Volkswagen Prepares Rescue Plan Amid Industry Turmoil

Volkswagen Group CEO Oliver Blume is set to unveil a rescue plan for Europe's largest car manufacturer, as the company's old business model is deemed obsolete and the industry faces significant challenges.

VW profit rebound in doubt as Chinese rivals pose ‘existential threat’
BusinessBBCFTThe Guardian+11tagesschaufazDWle-figaroder-standardorfdie-pressehvg+3 more5mo ago14 sources

VW profit rebound in doubt as Chinese rivals pose ‘existential threat’

Volkswagen's profit nearly halved in 2025, dropping by 44% from 12.4 billion euros to 6.9 billion euros, raising doubts about a profit rebound as Chinese rivals pose an 'existential threat' and the company plans to cut 50,000 jobs in Germany as part of its ongoing restructuring.

Volkswagen Korea chief wins third term as KAIDA chair
BusinessKorea Herald6mo ago

Volkswagen Korea chief wins third term as KAIDA chair

Till Scheer, president and CEO of Volkswagen Group Korea, has been reappointed as chair of the Korea Automobile Importers & Distributors Association for a third consecutive term, the association said Thursday. KAIDA announced that Scheer was elected as its 17th chair at a general meeting held at a Seoul hotel earlier in the day. Having already served as the 15th and 16th chair, he will lead the association for another two-year term. Scheer has extensive experience in the automotive sector across

Porsche and Bugatti Announce Split After 28 Years
Businessiefimerida3mo ago

Porsche and Bugatti Announce Split After 28 Years

After 28 years of collaboration, Porsche is disengaging from Bugatti, marking the definitive separation of the French luxury automaker from the Volkswagen Group. This move comes as Porsche's financial figures for 2025 are reportedly unstable.

Volkswagen Group's Cupra Raval Unveiled as Affordable, Compact EV
Technologytelexel-mundoiefimerida+1klix-ba4mo ago4 sources

Volkswagen Group's Cupra Raval Unveiled as Affordable, Compact EV

Cupra has introduced the Raval, its smallest and most affordable electric model to date, developed on the Volkswagen Group's MEB+ platform. The compact urban crossover, measuring just over four meters, offers a range of up to 450 kilometers and aims to attract new electric mobility users.

VW Group's profit halved amid Porsche issues and US tariffs
Worldnzz5mo ago

VW Group's profit halved amid Porsche issues and US tariffs

The Volkswagen Group's profit has been halved, and its outlook remains uncertain, primarily due to problems with Porsche and the impact of US tariffs. CEO Oliver Blume is focusing on new models and stricter austerity measures to secure the future of Europe's largest carmaker.