Volkswagen Stays Decision On Gigafactory In Eastern Europe Beyond 2022: Report
Volkswagen AG (OTC: VWAGY) said it is deferring its location selection for the eastern Europe gigafactory for electric car batteries beyond 2022.
Volkswagen Financial Services Finance Chief Paints Challenging 2023 Outlook
Volkswagen AG (OTC: VWAGY) projected a problematic 2023 for its financial services unit on the back of an economic downturn, higher energy prices, and rising interest rates.
Automakers, South Korea Nudge US To Consider Commercial EV Tax Credit: Report
Major automakers, along and the government of South Korea, have asked the U.S. government to consider a commercial electric vehicle tax credit.
Volkswagen Resumes Partially Halted Production In China: Report
Volkswagen AG (OTC: VWAGY) has resumed production at its facilities in China after a pause during the recent COVID-related lockdowns.
Alibaba Up 5%, Nio Surges 12%: Hang Seng Jumps As China Dials Down Zero-COVID Controls
Hong Kong stocks soared on Monday morning, with the benchmark Hang Seng index rising over 3%, as China relieved some of its COVID-19 restrictions, easing testing rules in some cities.
Volkswagen Losing Share In Its Single Biggest Market, China
Volkswagen AG (OTC: VWAGY) (OTC: VWAPY) said that despite some sales gains in recent months, it expects its market share in China to be around 16% this year, down from 20% since 2019.
Volkswagen Strikes Wage Pact With German Workers Union: Report
Volkswagen AG (OTC: VWAGY) has reached a wage deal with Germany’s largest trade union, IG Metall, for its factories in West Germany.
According to the deal, about 125,000 workers are likely to receive 8.5% increment in their pay.
