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China, price cuts and costs: the fuel driving Volkswagen's crisis

ANALYSIS-China, price cuts and costs: the fuel driving Volkswagen's crisis Profits from China have halved in a decade Europe's car market is shrinking VW brand margins hit by high costs, price cuts By Victoria Waldersee, Christina Amann and Christoph Steitz BERLIN/FRANKFURT, Sept 6 (Reuters) - In May, Volkswagen VOWG_p.DE finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China.
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Carmakers adjust electrification plans as EV demand slows

FACTBOX-Carmakers adjust electrification plans as EV demand slows Sept 6 (Reuters) - Japan's Toyota Motor 7203.T has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand. The global sales of EVs - either fully electric or plug-in hybrid - rose 20% in the first half of 2024, slower than expected, data from market research firm Rho Motion showed.
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China’s global battery ram will be hard to stop

RPT-BREAKINGVIEWS-China’s global battery ram will be hard to stop The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Sept 6 (Reuters Breakingviews) - China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s 002594.SZ Seal and Great Wall Motor’s 601633.SS Funky Cat face an international backlash.
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Volkswagen's German battery plant to stay at half capacity amid cost pressures

Volkswagen's German battery plant to stay at half capacity amid cost pressures BERLIN, Sept 6 (Reuters) - Volkswagen's VOWG_p.DE PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles. Group technology chief Thomas Schmall on Thursday showed a staff meeting a slide showing plans for just one production line at the plant totalling 20 gigawatt ho
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China’s global battery ram will be hard to stop

BREAKINGVIEWS-China’s global battery ram will be hard to stop The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Sept 6 (Reuters Breakingviews) - China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s 002594.SZ Seal and Great Wall Motor’s 601633.SS Funky Cat face an international backlash.
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Which Volkswagen factories in Germany could be hit by layoffs or closed?

FACTBOX-Which Volkswagen factories in Germany could be hit by layoffs or closed? Adds factories in Osnabrueck, Dresden, updates map Sept 5 (Reuters) - Volkswagen VOWG_p.DE said it plans to end its job security programme - which has been in place since 1994 and prevents job cuts until 2029 - as it faces pressure from Asian competitors. The IG Metall union says the following German factories could be affected by Volkswagen ending its job security scheme, while analysts have in the past named VW si
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New CEO must adapt Daimler Truck to weaker market, chairman says

UPDATE 1-New CEO must adapt Daimler Truck to weaker market, chairman says Adds details, background STUTTGART, Sept 5 (Reuters) - Daimler Truck DTGGe.DE expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday. "Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault RENA
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British Business - Sept 5

PRESS DIGEST-British Business - Sept 5 Sept 5 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Swedish automaker Volvo Cars VOLCARb.ST scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time.
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BYD's global expansion push runs into stiff Japan test

FOCUS-BYD's global expansion push runs into stiff Japan test BYD's expansion in Japan hindered by consumer scepticism Automaker faces subsidy cuts in Japan, increase in marketing costs BYD aims for 100 quick chargers in Japan by end of next year By Daniel Leussink YOKOHAMA, Japan, Sept 5 (Reuters) - BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese aut
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Sustainable Finance Newsletter - Exxon's Woods can boast in Brooklyn

Sustainable Finance Newsletter - Exxon's Woods can boast in Brooklyn By Ross Kerber Sept 4 (Reuters) - New securities filings show Exxon XOM.N directors won strong support from top investment firms despite a controversial lawsuit the company brought against two tiny shareholder activists. The disclosures put some interesting context around an upcoming appearance by Exxon's chief executive officer next week.
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Volkswagen Law: the unique structure behind the German carmaker's labour clash

EXPLAINER-Volkswagen Law: the unique structure behind the German carmaker's labour clash Management wants to cut more costs to boost margins Workers oppose plans to close plants Workers, Lower Saxony have big say on supervisory board By Christoph Steitz, Victoria Waldersee FRANKFURT/BERLIN, Sept 4 (Reuters) - Volkswagen's VOWG_p.DE plan to close plants in Germany and dissolve long-standing labour agreements with unions has put the spotlight on its unique governance and ownership structure that h
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Volkswagen warns time running out as it clashes with workers over cuts

UPDATE 5-Volkswagen warns time running out as it clashes with workers over cuts VW executives, workers meet at company headquarters Carmaker wants to end job guarantees, close plants Unions vow resistance Investors say company must make tough choices Adds more quotes, details By Victoria Waldersee and Christina Amann WOLFSBURG, Germany, Sept 4 (Reuters) - Volkswagen VOWG_p.DE has "one, maybe two" years to turn its main car brand around, its finance chief said on Wednesday, as the auto giant weig
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Airtel Africa, Serica Energy, Volkswagen

EUROPE RESEARCH ROUNDUP- Airtel Africa, Serica Energy, Volkswagen Sept 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Airtel Africa, Serica Energy and Volkswagen, on Wednesday. HIGHLIGHTS * Airtel Africa AAF.L : JP Morgan cuts to neutral from overweight * AstraZeneca AZN.L : Bernstein raises target price to 20,000p from 17,700p * Publicis PUBP.PA : UBS raises target price to EUR 115 from EUR 113 * Serica Energy Plc SQZ.L : Jeffer
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New York Times business news - Sept 4

PRESS DIGEST- New York Times business news - Sept 4 Sept 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Former Volkswagen VOWG_p.DE Chief Executive Martin Winterkorn appeared in court on Tuesday on fraud charges over the so-called dieselgate scandal, nine years after the German carmaker was found to have rigged emissions tests.
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Auto File: China lays off the brandy 

Auto File: China lays off the brandy  By Nick Carey , European Autos Correspondent Greetings from London! The end of summer has brought no shortage of worrying signs for the auto industry. Trade tensions continue to escalate, with a U.S. announcement on steep tariff hikes for Chinese-made electric cars due any day and leading Republicans pushing for Chinese battery maker CATL to provide a list of firms that allegedly work for the Chinese military.
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Volkswagen's CUPRA 'at risk' from planned EU tariffs, says brand CEO

EXCLUSIVE-Volkswagen's CUPRA 'at risk' from planned EU tariffs, says brand CEO CUPRA's Tavascan faces 21.3% EU import tariff CEO Griffiths says tariffs risk financial future of CUPRA CUPRA in talks with EU, Germany, Spain to reduce tariffs Adds European Commission comment in paragraph 17, detail on negotiations in 14 By Victoria Waldersee BERLIN, Sept 3 (Reuters) - An electric vehicle made in China and designed in Spain by Volkswagen's VOWG_p.DE CUPRA brand would be "wiped out" if the European C
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Volkswagen's Audi: no new project found yet for threatened Brussels plant

UPDATE 1-Volkswagen's Audi: no new project found yet for threatened Brussels plant Adds new plant manager in paragraphs 3-5, background in paragraph 6 BERLIN, Sept 3 (Reuters) - Volkswagen's VOWG_p.DE Audi management has not yet come up with a profitable option of an alternative vehicle to produce at its threatened Brussels plant and is carrying on the search for external investment, a spokesperson said on Tuesday.
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From peace-maker to taboo-breaker, VW boss Blume takes on the unions

ANALYSIS-From peace-maker to taboo-breaker, VW boss Blume takes on the unions Company will look at possible plant closures in Germany Automaker battling failing competitiveness and investment needs Labour controls 50% of supervisory board, can block changes By Victoria Waldersee, Ilona Wissenbach and Christoph Steitz BERLIN/FRANKFURT, Sept 3 (Reuters) - Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player
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Audi names new plant manager at threatened Brussels plant

Audi names new plant manager at threatened Brussels plant BERLIN, Sept 3 (Reuters) - Volkswagen's VOWG_p.DE Audi has named Thomas Bogus as the new plant manager at its threatened Brussels site starting Sept. 16, succeeding Volker Germann, the carmaker announced on Tuesday. "As plant manager he will lead the Brussels site with care in this challenging period," said car production chief Gerd Walker in a statement.
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الشروط

الأصول الشائعة

إخلاء المسؤولية: تتيح كيانات XM Group خدمة تنفيذية فقط والدخول إلى منصة تداولنا عبر الإنترنت، مما يسمح للشخص بمشاهدة و/أو استخدام المحتوى المتاح على موقع الويب أو عن طريقه، وهذا المحتوى لا يراد به التغيير أو التوسع عن ذلك. يخضع هذا الدخول والاستخدام دائماً لما يلي: (1) الشروط والأحكام؛ (2) تحذيرات المخاطر؛ (3) إخلاء المسؤولية الكامل. لذلك يُقدم هذا المحتوى على أنه ليس أكثر من معلومات عامة. تحديداً، يرجى الانتباه إلى أن المحتوى المتاح على منصة تداولنا عبر الإنترنت ليس طلباً أو عرضاً لدخول أي معاملات في الأسواق المالية. التداول في أي سوق مالي به مخاطرة عالية برأس مالك.

جميع المواد المنشورة على منصة تداولنا مخصصة للأغراض التعليمية/المعلوماتية فقط ولا تحتوي - ولا ينبغي اعتبار أنها تحتوي - على نصائح أو توصيات مالية أو ضريبية أو تجارية، أو سجلاً لأسعار تداولنا، أو عرضاً أو طلباً لأي معاملة في أي صكوك مالية أو عروض ترويجية مالية لا داعي لها.

أي محتوى تابع للغير بالإضافة إلى المحتوى الذي أعدته XM، مثل الآراء، والأخبار، والأبحاث، والتحليلات والأسعار وغيرها من المعلومات أو روابط مواقع تابعة للغير وواردة في هذا الموقع تُقدم لك "كما هي"، كتعليق عام على السوق ولا تعتبر نصيحة استثمارية. يجب ألا يُفسر أي محتوى على أنه بحث استثماري، وأن تلاحظ وتقبل أن المحتوى غير مُعدٍ وفقاً للمتطلبات القانونية المصممة لتعزيز استقلالية البحث الاستثماري، وبالتالي، فهو بمثابة تواصل تسويقي بموجب القوانين واللوائح ذات الصلة. فضلاً تأكد من أنك قد قرأت وفهمت الإخطار بالبحوث الاستثمارية غير المستقلة والتحذير من مخاطر المعلومات السابقة، والذي يمكنك الاطلاع عليه هنا.

تحذير المخاطر: رأس مالك في خطر. المنتجات التي تستخدم الرافعة قد لا تكون مناسبة للجميع. يرجى الاطلاع على تنبيه المخاطر.