Volkswagen
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Further talks between Volkswagen and trade union leaders held on Wednesday. Volkswagen’s management wants to close at least three plants, cut tens of thousands of jobs, and also slash pay by 10% for remaining staff, according to a statement from staff representatives. The manufacturer is also seeking to downsize all remaining plants, added the document.…
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This week, Volkswagen said that by the middle of the year, its voice assistant will integrate ChatGPT into its cars, enabling them to converse with users in back-and-forth dialogue. At the CES electronics trade fair in Las Vegas, Volkswagen presented its first vehicles featuring ChatGPT, which will be on sale in North America and Europe…
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SAIC Volkswagen Automotive Co is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules in the world’s largest auto market. The joint venture between China’s SAIC Motor Corp Ltd (600104.SS) and Germany’s Volkswagen AG (VOWG_p.DE)…
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The European automaker Volkswagen announced that its battery company PowerCo will establish its first overseas “gigafactory” for battery cell making in St. Thomas in southwestern Ontario. Actual production is scheduled for 2027. Buildling the plant in Canada will grant Volkswagen access to both Canadian and US subsidies. Volkswagen has however not given many details about…
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The United States division of Volkswagen reached an agreement, totaling $42 million, due to defective Takata air bag inflators, as per a filing at a Miami-based United States District Court. The agreement emerges as the most recent one by key automobile manufacturers, with the majority of the funds channeled into paying for completed recalls. Until…
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A CONSULTANCY REPORT ON HOW TO IMPROVE VOLKSWAGEN’S COMPETITIVE ADVANTAGE AND CREATE SUSTAINABLE GROWTH THROUGH RESPONSIBLE MANAGEMENT AND REDUCED PRICE TABLE OF CONTENT EXECUTIVE SUMMARY …
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Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen for rigging diesel engine emissions worldwide. The €1 billion ($1.2 billion) penalty was announced Wednesday by public prosecutors and the company, which said it was hoping to turn a page on a scandal that has rocked the company and killed industry sales of diesel…
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MUNICH — Volkswagen Group is stopping production of its Golf hatchback at its main German factory in Wolfsburg as a dispute with two key suppliers escalates, reports said. The automaker is also cutting working hours at three other plants across Germany. Image: File Photo VW said Golf production was being hit because supplier ES Automobilguss…
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