Volkswagen CEO on the challenges facing the UK’s favourite car brand
Thomas Schäfer is Volkswagen brand CEO and head of the brand's core group (including Skoda, Seat and Cupra). He joins The ...
Jaguar looks to woo younger, richer drivers with $160,000 Type 00
Jaguar's ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, ...
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Volkswagen Group sells 2.2% stake in truck manufacturer Traton
Germany's Volkswagen Group on Wednesday said it has sold a 2.2% stake in its subsidiary Traton for €360 million ($392 million). The sale took place via a "private placement in an accelerated bookbuild ...
Volkswagen’s biggest selling item isn’t actually cars
The Volkswagen sausages have become a surprisingly popular product and this is reflected in the sales figures. They were ...
Siemens to cut 8% of jobs at struggling factory automation business
Siemens will cut 5,600 jobs from its flagship digital industries business, the German engineering company announced on Tuesday, saying it was adjusting its production capacity in line with weak demand ...
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Europe stocks close higher as Germany passes landmark fiscal package; Trump and Putin hold call
European markets are heading for a higher open, with investor focus on the German government as it votes on historic debt ...
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Audi to cut 7,500 jobs in Germany by 2029
Audi, the luxury car manufacturer owned by Volkswagen Group, will cut 7,500 jobs in Germany by the end of 2029, the company ...