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At Close: Jun 04, 2026
Nicolas Leduc is named President and CEO of Porsche Financial Services, Inc.
09:18am, Monday, 02'nd Dec 2024
Leduc will replace Ross Dupper who is retiring after leading the organization for nearly 25 years. Leduc will replace Ross Dupper who is retiring after leading the organization for nearly 25 years.
Volkswagen Workers Strike in Germany Over Automaker's Cost-Cutting Plans
09:10am, Monday, 02'nd Dec 2024
Volkswagen AG workers across Germany began striking Monday over the automaker's plans to cut costs.
VW workers strike at nine plants over closure plans
06:57am, Monday, 02'nd Dec 2024
Workers at nine Volkswagen Group (XETRA:VOW) plants tagged a two-hour strike today in protest against mass job losses and factory closures said to be planned by the German carmaker. Employees congreg
VW Walkout: Workers Across Germany Go on Temporary Strike
06:41am, Monday, 02'nd Dec 2024
Volkswagen workers across Germany initiated walkouts on Monday after labor leaders and management reached a stalemate over how to slash costs at the carmaker's namesake brand. Bloomberg's Oliver Crook
Strikes underway at Volkswagen plants across Germany as wage conflict escalates
06:04am, Monday, 02'nd Dec 2024
Volkswagen plants across Germany saw workers go on strike for several hours at a time throughout Monday. Nine of Volkswagen's car and component factories in Germany were affected, with work either bei
Nine Volkswagen plants to strike as labour battle escalates
12:05am, Monday, 02'nd Dec 2024
Workers at nine Volkswagen car and component plants across Germany will strike for several hours on Monday, IG Metall union said, bringing assembly lines to a halt as labour and management clash over
Volkswagen workers go out on warning strikes across Germany
07:32am, Sunday, 01'st Dec 2024
Volkswagen workers will go on warning strikes on Monday at all plants, Germany's IG Metall union said, marking the first large-scale walkouts at Volkswagen's domestic operations since 2018.
Volkswagen brushes off union's cost savings proposals
10:33am, Friday, 29'th Nov 2024
Volkswagen , under pressure by high costs and Chinese competition, brushed off union proposals for cost savings on Friday, just days ahead of planned walkouts meant to avoid unprecedented plant closur
Exclusive: Volkswagen India unit faces $1.4 billion tax evasion notice
05:57am, Friday, 29'th Nov 2024
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 sh
Volkswagen to sell controversial factory in China's Xinjiang
05:53am, Wednesday, 27'th Nov 2024
Volkswagen has faced major criticism from activists and investors over its interest in the Xinjiang factory which it first opened in 2013
Exclusive: VW to exit Xinjiang operation with sales of local plant, test track, sources say
02:15am, Wednesday, 27'th Nov 2024
Volkswagen will exit its controversial plant in China's Xinjiang region after it and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer, two people familiar with the mat
Volkswagen Reduces Stakes in Northvolt, Signs Contract With Novonix
12:30pm, Tuesday, 26'th Nov 2024
VWAGY significantly reduces its 21% stake in Northvolt and signs a contract with Novonix to procure synthetic graphite material.
Traton: Stability In A Beaten Down Market
10:23pm, Monday, 25'th Nov 2024
Traton's Q3 financials showed improvement with a 5% increase in unit sales and revenues, and a 120bps rise in RoS to 9.6%. Despite a challenging market, Traton's FY24 outlook remains positive, with ex
Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer
02:53pm, Monday, 25'th Nov 2024
Volkswagen bet big on European-made batteries a few years ago with two massive investments in Northvolt, the Swedish manufacturer. Now, the automaker's €1.4 billion stake is worth less than half tha
Volkswagen has taken major writedown on Northvolt stake, sources say
07:33am, Monday, 25'th Nov 2024
Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two peopl
