Wolfsburg

Germany: How the Crisis at Volkswagen Threatens the Existence of Wolfsburg

The city was founded by Hitler’s Nazi regime on July 1, 1938, to become the headquarters for workers producing a low-cost car. Now, it risks becoming an industrial museum.

Last week in Brussels, unions stood with workers at Audi’s factory in Belgium, protesting the company’s plan to close the electric vehicle plant that once began there as a model of technology and modernity.

The changes Volkswagen are world-changing, with the German automaker’s leadership team announcing today to labor union leaders that it is ending a 30-year-old agreement that protected workers from layoffs.

Volkswagen is going through the worst period in its history, following the trajectory of the German economy, which is on the brink of recession.

Could the closure of two Volkswagen plants trigger a domino effect that will hit the already weakened governing coalition under Olaf Scholz?

German giant Volkswagen is set to follow Tesla's lead with a high-profile price drop as the battle for global dominance in the electric car segment intensifies, and local challengers race ahead in key market China.

Volkswagen celebrated the beginning of work on its first in-house battery factory, as the German auto giant looks to head off competition from U.S. and Chinese electric vehicle upstarts.

The firm plans to "steer the worldwide battery offensive" from the new plant in Salzgitter in central Germany, CEO Herbert Diess told a ceremony on July 7 attended by German Chancellor Olaf Scholz.

German auto giant Volkswagen said yesterday its first quarter operating profit increased significantly in 2022, while warning that the "first effects" of the war in Ukraine were beginning to be felt.

Volkswagen Group acknowledged the incident in a statement but didn’t provide clarity on the cause

The Germans love their Volkswagen

The number of vehicles registered in Turkey surged 81% in March compared to the same month last year, according to the country's statistics authority on April 20. 

A total of 130,420 new and old vehicles were registered last month, according to TÜİK. 

The overall number of registered vehicles traveling on Turkish roads neared 24.5 million as of this March.