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The Latest Breaking News from Oliver Blume

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

Volkswagen CEO Oliver Blume will spar with one of Germany's fiercest worker groups over his €10 billion cost-cutting plan to save the carmaker

Volkswagen is a unique case—half the seats in its supervisory board are controlled by labor representatives, who can determine the company’s future course.

Fortune

Is Germany in crisis? Giants consider pulling billions from economy

Intel is reconsidering a €30 billion factory while Volkswagen contemplates closures as German industry drowns in a two-year recession.

Fortune

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Volkswagen in trouble? Carmaker considers first ever German factory closure

Volkswagen CEO Oliver Bloom decried the German manufacturing industry as his company said it was considering plant closures.

Fortune

Volkswagen Weighing Plant Closures, Job Cuts In Germany

German automotive giant warned it could take the unprecedented move of shutting down production sites, and threatened further job cuts as its savings plans stalled

International Business Times

Volkswagen May Push Back Flagship Next-Gen 'Trinity' EV To Make Room For Golf EV

Today on Critical Materials: VW delays flagship "Trinity" EV, Musk and Tesla seem to disagree on subsidies, and South Korea presses for EV battery transparency.

InsideEVs

Inside Volkswagen’s $130 billion EV battle

The world's largest automaker was late to the EV race. Now it's spending billions to catch up to Tesla and Chinese brands.

Fortune

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Porsche Seven-Seat Flagship K1 Electric SUV: Everything We Know

Codenamed K1, the high-end Porsche EV SUV will reportedly offer three-row seating and a completely different exterior design from past models.

InsideEVs

Rivian And Volkswagen's Secret Meetings Involved 'Cloaked Audis' Before Deal: Report

Today on Critical Materials; Inside the Rivian/VW joint venture formation, legacy automakers creeping up on Tesla's sale, and one-in-five public chargers broken

InsideEVs

VW To Invest $5 Bn In EV Maker Rivian, Establishing Joint Venture

German auto giant Volkswagen will invest $5 billion in US electric vehicle maker Rivian and create a joint venture expected to produce technology used by both automakers, the companies announced Tuesday.

International Business Times

Tesla Paid Executives More Than it Paid Taxes for Years: Report

Today on Critical Materials: Tesla has reportedly paid no federal income tax in years, GM's VP of software is departing, and VW dabbles in an entry-level EV.

InsideEVs

Volkswagen 2023 Profits Rise, But Warns On Slow Sales Growth

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.

International Business Times

Volkswagen Group Reaffirms Internal Combustion Will Be 'Phased Out' Eventually

The Volkswagen Group says that "e-mobility [is] the future of the automotive industry," but has to stay flexible during the transition.

InsideEVs

Forget the Apple Car – Porsche has been using the Apple Vision Pro with its record-breaking new Taycan

The Apple Vision Pro made a surprise appearance at the launch of the new Porsche Taycan, along with Tim Cook, touting a promising partnership.

TechRadar

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InsideEVs

Porsche 'Overwhelmed' By Orders For Electric Macan: CEO

The new, all-electric Porsche Macan is poised to kick off one of Porsche's biggest years yet.

InsideEVs

Volkswagen Cuts EV Prices In Europe In Hopes Of Selling More Cars

The German automaker also revised the trim levels of its EVs so that their buyers can benefit from local incentives. But is it enough to regain sales momentum?

InsideEVs

Volkswagen's Sub-$22,000 EV Could Come After 2025: CEO

Volkswagen wants to bring a low-cost EV to market after 2025, but Renault is beating the German company to the punch.

InsideEVs

VW Group Delays EV Battery Plant In Europe Amid "Sluggish" EV Demand

Volkswagen Group has decided to postpone a decision on its fourth battery cell plant, which was expected to be located in Europe, likely in the Czech Republic.

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InsideEVs

VW Said To End ID.3 Production At Dresden's Transparent Factory

The Volkswagen ID.3 will continue to be built at the Zwickau plant and will also start production at the Wolfsburg factory this fall.

Inverse

Inside the Porsche Mission X: A Vision of Our EV Hypercar Future

Porsche's Mission X electric hypercar concept feels like the dawning of a new era in high-powered EVs.

Motor1

Gernot Dollner Becomes New Audi CEO, Replaces Markus Duesmann

The change takes effect on September 1.

Motor1

Porsche Flagship EV Will Have All-New Interior And Automated Driving Functions

Company CEO says the new large SUV will deliver impressive performance.

Motor1

Porsche CEO Camped In $7,000 Roof Tent On Top Of 911 Turbo S At Le Mans

Porsche introduced its own rooftop tent last year.

Motor1

VW Group CEO Admits Audi Lags Behind Rivals, Software Issues To Blame

The automaker wants to speed up EV development.

InsideEVs

VW Annual Meeting No Piece Of Cake, Execs Take Heat Over China, EV Pace

VW Group was criticized over the alleged use of forced labor in China, as well as the slow EV transition and market share loss in China to BYD and Tesla.

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