Latest Volkswagen AG News
VW wage deal for 120,000 German workers avoids layoffs, plant closures
FRANKFURT, Germany (AP) — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The agreement includes provisions for VW to shed more than 35,000 jobs through early...
EPA grants California authority to ban sales of new gas cars by 2035. Action faces reversal by Trump
WASHINGTON (AP) — The Environmental Protection Agency on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035. The incoming Trump administration is likely to try...
What a merger between Nissan and Honda could mean for the automakers and the industry
BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said...
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president. The...
Edmunds: The best midsize SUVs for families in 2025
Along with smartphones and streaming subscriptions, the three-row SUV is now a staple of American family life. And since nearly every automaker sells one, choosing the right one can feel overwhelming. Some buyers will want the best fuel economy, while others may value tech and safety features. But...
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
DETROIT (AP) — General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems for personal vehicles like...
China's CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain
BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the...
Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures
FRANKFURT, Germany (AP) — Volkswagen workers launched rolling two-hour strikes Monday at nine plants across Germany to underscore their resistance to pay cuts and factory closures the company says are necessary to cope with a slack European auto market. The work stoppages included...
The UK will consult on sales targets for automakers during the transition to electric vehicles
LONDON (AP) — Britain’s new Labour government will launch a consultation on auto manufacturers' sales targets during the transition to electric vehicles, following the decision by Stellantis, the owner of Vauxhall, to close its van factory in southern England at the potential cost of 1,100...
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
BANGKOK (AP) — Volkswagen and Shanghai's SAIC Motor have agreed to sell a factory in China's far western Xinjiang region that drew criticism due to accusations by western governments of human rights violations. The companies also said Wednesday that they were extending their...
