The Volkswagen brand has achieved an important milestone in the “Accelerate Forward/ Road to 6.5” global performance program, with management and employee representatives reaching agreement on key points to streamline the company, following intensive negotiations. The objective of the three-year program is to secure the Volkswagen Group’s core brand competitiveness, ensure it is future-proof and sustainable in the long term.
Volkswagen Group and its powerful labor leaders have agreed to cost-cutting measures projected to save 10 billion euros ($11 billion) with the aim of boosting low returns at the company's namesake brand.
The measures include speeding up development and production times, reducing staff costs and implementing a more efficient procurement strategy.
Volkswagen is proud of the world-class production environment we have created in Chattanooga. Our attractive compensation program—including a recent pay increase of 11%—and our comprehensive benefits and development opportunities reflect our constant commitment to our team members.
We believe in frequent, transparent, and two-way dialogue with our people to help them stay informed and connected and help shape our world-class assembly environment. We also respect the right of our workers to determine who should represent their interests in the workplace.
Wolfsburg. Volkswagen Group will continue to drive forward the strategic realignment of the charging and energy business with the new Head of Charging and Energy, Giovanni Palazzo. Palazzo has been responsible for the Volkswagen Group's global charging and energy business since July 1 and also leads the Elli brand as CEO and Head of Sales. He will focus on expanding the fast-charging network and further advancing the development of Volkswagen’s own smart energy platform. Elli and Electrify America are to cooperate more closely and roll out new business models internationally.
VW's supervisory board will discuss plans to build a new U.S. factory at a meeting on Friday, two sources close to the matter said, with one adding the board was expected to approve the project.
The factory is a new plant for the Scout brand, according to one of the sources, which Volkswagen has said will be designed, engineered and manufactured in the U.S. with production due to start in 2026.
Volkswagen declined to comment. The automaker has previously said a decision on whether to build a plant for the brand had not yet been made.
Volkswagen dealers heard plans from the brand's new leadership team to further localize engineering and development in North America in the near future, as well as plans to change the way its vehicles are pitched to the public, according to dealers who attended the brand's make meeting Saturday.
Volkswagen Group's incoming CEO Oliver Blume aims to shrink the size of the group's management board as one of his first moves after his promotion, several people familiar with the matter told Reuters.
Volkswagen AG’s VOW 3.91% new boss has said he is committed to driving the auto maker’s transformation from gasoline-powered cars to electric ones. But Oliver Blume has also been a big backer of a different approach to lower emissions: electrofuels.
Key shareholders in Volkswagen AG VOW 3.91% joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electric vehicl
Volkswagen Group has resumed production at its factory in Bratislava, Slovakia, after a two-day stoppage because of the chip shortage and supply constraints caused by the war in Ukraine.
The disruption affected all parts of production at Slovakia's largest car factory on Monday and Tuesday, a company spokeswoman told Automotive News Europe in an emailed statement.
"Since this morning the production is running again according to the plan," VW said on Wednesday.
