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At Close: Jun 04, 2026
Volkswagen weighs wage cuts, bonus reductions in push to save 4 billion euros - Handelsblatt
01:41pm, Sunday, 27'th Oct 2024
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year wage freeze, as it seeks to save 4 billion euros, Handelsblatt newspaper reported
Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits
11:34am, Friday, 25'th Oct 2024
Luxury sportscar maker Porsche AG on Friday warned it may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market caused nine-month op
Volkswagen has still not presented future plan for brand, says works council boss
06:29am, Friday, 25'th Oct 2024
Volkswagen has so far not presented a plan for how to make its namesake brand more competitive, the head of the group's works council said in a handout to staff, adding management remained solely focu
VW's Scout Motors unit will offer EV SUVs, trucks with gas engine option
06:36pm, Thursday, 24'th Oct 2024
Volkswagen's Scout Motors unit on Thursday unveiled its concept electric SUV and truck and said it will offer extended-range versions that include a small gasoline engine.
Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
06:30pm, Thursday, 24'th Oct 2024
Volkswagen's Scout Motors revealed its first two vehicles Thursday: A Traveler SUV and Terra pickup truck, scheduled to arrive in 2027. Scout, a former American vehicle brand from 1961 to 1980, was ex
Expressive appearance: the new Porsche 99X Electric
01:20pm, Thursday, 24'th Oct 2024
Atlanta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Atlanta. Porsche has presented its Formula E car for the next two seasons: the new Porsche 99X Electric.
Porsche can start purring again next year, Citi suggests
09:06am, Wednesday, 23'rd Oct 2024
Porsche AG (ETR:P911), the German luxury car maker, has been upgraded to a buy by US group Citi after what it says was a tough year for the business. Citi adds that 2024 was always going to be difficu
Shares in VW's truck unit Traton jump after Q3 beat
03:42am, Tuesday, 22'nd Oct 2024
Shares in Traton rose on Tuesday after Volkswagen's truck unit reported third-quarter results above expectations driven by robust sales in its US brand International and Swedish unit Scania.
Volkswagen finance wing fined £5.4mln over customer treatment
06:04am, Monday, 21'st Oct 2024
Volkswagen Group (XETRA:VOW) has been fined by Britain's financial watchdog over its treatment of customers in financial difficulty. The Financial Conduct Authority (FCA) said on Monday that Volkswage
UK watchdog fines Volkswagen unit for unfair customer treatment
04:15am, Monday, 21'st Oct 2024
UK's financial regulator on Monday said it will fine the British financial services unit of automaker Volkswagen AG 5.4 million pounds ($7 million) for unfair treatment of customers in financial diffi
China approves BNP Paribas, Volkswagen joint venture, Prudential insurance unit
11:36pm, Thursday, 17'th Oct 2024
China has approved two more insurance units to be set up by BNP Paribas and Prudential Financial in a move to further open up the local insurance market to foreign companies.
Porsche celebrates 25 years of the 911 GT3
09:04am, Wednesday, 16'th Oct 2024
Atlanta, Oct. 16, 2024 (GLOBE NEWSWIRE) -- A quarter of a century ago, Porsche introduced a new model that would go on to become a legend: the 911 GT3. Named after a class of endurance racing cars, th
Porsche Macan Electric receives two years of inclusive Electrify Canada charging
09:01am, Wednesday, 16'th Oct 2024
The new Porsche Macan Electric has arrived. Every Canadian customer will be eligible for two years of complimentary charging at Electrify Canada. The Porsche Macan Electric's battery can be charged fr
Forge Nano Receives $10M Investment from GM Ventures to Pursue GM Battery Material Enhancements for Future Electric Vehicles
08:00am, Wednesday, 16'th Oct 2024
DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Forge Nano, Inc., a materials science company that uses its Atomic Armor™ Atomic Layer Deposition technology to optimize material performance to enable bett
Paris Auto Show 2024: EV Showdown Between European and Chinese Brands
12:30pm, Tuesday, 15'th Oct 2024
The Paris Auto Show showcases the electric future of the auto industry, with European and Chinese manufacturers fiercely competing for dominance in this space.
