Volkswagen Group said it will shrink the workforce by up to 7,000 staff, raise productivity and make 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise the brand’s operating margin to 6 percent.
A German court has ruled Volkswagen must reimburse the owner of a diesel Golf the full original price of his vehicle bought in 2012, dealing a blow to the automaker as the legal battles over its emissions-cheating scandal drag on.
Volkswagen Group may move production of the VW Passat to a Skoda plant in the Czech Republic as part of a wider factory shake-up to accommodate electric cars, a German press report said.
The European Commission has opened a formal investigation into whether German automakers BMW, Daimler and Volkswagen Group colluded to avoid competition in developing clean emissions technology.
Germany’s Transport Ministry said on Sunday there was no fresh news in a Bild am Sonntag report that Volkswagen Group engineers told investigators certain gasoline engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests.
Workers at Skoda Auto’s Mlada Boleslav plant fear that the Volkswagen Group, owners of the Czech marque, intend to shift a part of the production to Germany or other countries abroad.
Volkswagen CEO Herbert Diess was given a memorandum warning the company might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported.
Herbert Diess will take over from Matthias Mueller as CEO of the Volkswagen Group, adding fresh impetus to the company’s efforts to slim down and reorganize the way its 12 brands are managed.
More than three hundred students joined the QHERO project launched in November last year by Porsche Czech Republic to support schools and students of automotive focus.
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