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The Latest Breaking News from Arno Antlitz

'Volkswagen Is Not Earning The Money It Needs'

We knew something like this was going to happen. But now we know the numbers. After more than a year of operating in an unprecedentedly tough environment in Europe and China, things came to a head for the Volkswagen Group this week as it posted its third-quarter financial results. And…

InsideEVs

Volkswagen Sees 'Painful' Cost Cuts Ahead As Profit Plunges

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.

International Business Times

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

Volkswagen says significant cost cuts are urgently needed as it reports a steep decline in third-quarter earnings and faces employee representatives angry at the possibility of the automaker’s first plant closures in Germany

The Independent UK

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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

The Independent UK

VW Has 'One, Maybe Two Years' to Turn Things Around, Says Finance Chief [UPDATE]

Chief Finance and Operating Officer Arno Antlitz painted a dire picture of VW Group's future during a meeting with workers in Germany.

Motor1

Volkswagen Chief Warns Brand Has 'One, Maybe Two' Years To Get It Together

Today on Critical Materials: VW puts a clock on getting their ship in order, BYD pauses its Mexico plans and Ultium workers in Tennessee join the UAW.

InsideEVs

Volkswagen has ‘a year, maybe two to turn around’, financial chief warns

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

The Guardian - UK

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Volkswagen Group's Electric Car Order Bank Shrunk By 50% In Europe

The Volkswagen Group experiences lower than expected demand and sales of electric cars, but intends to maintain its pricing, prioritizing margins.

InsideEVs

VW Group “Quite Confident” It Can Make $27,000 EVs

It will be interesting to see how the German group’s offerings will compete with EVs from rival brands Renault and Lancia, and whether or not they'll make their way to the United States.

InsideEVs

Volkswagen 'confident' despite global headwinds

Frankfurt (AFP) - German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and supply chain issues to put in a "robust" performance in the first six months of 2022.

AFP

Volkswagen CFO Reasons Why It Seeks To Pursue Porsche IPO Amid Market Volatility

Volkswagen AG (OTC:VWAGY) continues to strive for an initial public offering (IPO) for Porsche in the fourth quarter amid market volatility, Reuters reports. "We are optimistic we can pursue this project in the fourth quarter," CFO Arno Antlitz said at the Reuters Automotive Europe conference in Munich. "Porsche would gain entrepreneurial freedom, we can…

Benzinga

Volkswagen Looking At US Sites For New Factory To Build Scout EVs

Volkswagen Group CEO acknowledged that the company is shopping for US sites for new plant; separately, CFO Arno Antlitz said the Scout brand might be listed.

InsideEVs

Volkswagen Provokes Good Controversy for Ford and GM

Volkswagen's plans for Scout have U.S. dealers worried.

The Street

Volkswagen Scout May Take Different Road to Consumers

Volkswagen's plans for Scout have U.S. dealers worried.

The Street

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InsideEVs

Volkswagen Group: EVs Are Basically Sold Out In Europe And US For 2022

The Volkswagen Group reports that demand for its electric cars significantly overwhelms the manufacturing capacity.

The Street

Volkswagen Has Very Bad News

The automotive industry is facing a big chip shortage problem.

InsideEVs

Volkswagen Group: Some EV Models Already Sold Out Until 2023

Volkswagen AG's Chief Financial Officer Arno Antlitz revealed this week that the group notes strong demand for electric cars.

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