Volkswagen AG Pref (XETR:VOW) is exploring a potential sale of its Valencia battery plant with China’s Gotion after a CEO site visit, even as VOW trims fixed costs and plans further cuts to fix production inefficiencies and bolster cash conversion and margins for its core brands.Previous Week Recap…
Volkswagen AG Pref (XETR:VOW) reported a H1 2026 profit plunge and cut full‑year revenue outlook, prompting talks to sell its India stake, potential closure of German plants and 50,000–100,000 job cuts, while pivoting to China EV tie‑ups even as European registrations rose in June.Previous Week Rec…
Volkswagen Group said its first-half 2026 after-tax profit fell more than 30% year on year, citing U.S. tariffs and intensifying global competition. The company also said full-year 2026 revenue is now expected to come in below its previous forecast, according to 36Kr. Group CEO Oliver Blume said Vo…
Volkswagen (VWAGY) reported modest second-quarter revenue growth but lowered its full-year sales outlook after weaker vehicle deliveries weighed on the first half.Revenue rose 2% from a year earlier to 82.44 billion. However, the group sold 4 million vehicles during the first six months of 2026, do…
European new-car sales accelerated sharply in June, with registrations rising 13% year over year to 1.41 million units, according to the European Automobile Manufacturers' Association. This represented the region's strongest annual increase since October 2023, while battery-electric vehicle sales j…
Volkswagen AG Pref (VOW) CEO Oliver Blume says VW is reviewing workforce changes across brands and regions due to U.S. tariffs and rising Chinese competition in Europe; no details
H1 2026 deliveries declined 6.3% due to weak China performance, but ex-China markets grew. Strategic streamlining and portfolio actions are underway, with a strong European order book and a positive financial outlook for 2026.Original document: Volkswagen AG [VOW] Slides Release — Jul. 13 2026This…
Volkswagen AG (VWAPY), Europe's biggest carmaker with brands including Porsche, Audi, Skoda and commercial vehicles, plans to reduce its roughly 150 model lines by as much as half as management pushes for deeper savings across the group. The company said a smaller product range and fewer options co…
Brazil's auto sales and production fell in June from the previous month, data released by automakers' association Anfavea showed on Tuesday.According to Anfavea, sales were down 0.8% in June to 272,474 units, while production fell 3.0% to 246,015 units.
By Nick Carey, Christina Amann and Rachel MoreVolkswagen XETR:VOW CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker's supervisory board to accept painful job cuts and factory closures as it struggles to fend off Chinese rivals.Members of the…
MORE AUTO PROFIT WARNINGS MAY BE COMINGBMW's XETR:BMW recent profit warning may not be the last from Europe's embattled auto sector.In a preview of second-quarter earnings, UBS says it sees a growing risk of further warnings from European carmakers, particularly German ones, as weak Chinese demand…
Volkswagen AG Pref (XETR:VOW) warned China profits will plunge to $228M–$684M this year, as it navigates union and state resistance to cost cuts and legal limits, ends a Cariad–Bosch AV project, shifts to star-rated manager pay by 2027, and keeps selective use of aluminium wiring.Previous Week Reca…
