Volkswagen AG News and Global Automotive Innovation Updates
UK car finance lenders challenge FCA compensation scheme in human rights dispute
A legal fight over the UK motor finance scandal is delaying compensation for millions of borrowers as lenders contest the Financial Conduct Authority's proposed redress framework. The regulator ...
U.S. auto market faces long-term sales decline by 2040, Bain says
Demographic pressure, weaker affordability and shifting transport habits are reshaping expectations for the U.S. auto industry over the next 15 years. Bain & Company estimates annual vehicle sales ...
Can Volkswagen recover after its biggest overhaul?
Volkswagen has once again come under pressure following reports of what could become the largest restructuring program in the company's history. Investors are increasingly questioning whether ...
Volkswagen plans deep job cuts and German plant closures in historic overhaul
Volkswagen is preparing one of the largest restructurings in its history, under which it plans to cut up to 100,000 jobs and end production at four plants in Germany. The proposal reflects the ...
Toyota narrows U.S. sales gap with GM as hybrid demand strengthens
Toyota is closing in on General Motors in the U.S. auto market as hybrids gain traction with consumers and all-electric sales lose momentum. New first-half projections indicate the gap between the ...
European carmakers weigh alliances as China price pressure deepens
Europe’s car industry is facing a narrowing set of strategic choices as Chinese electric-vehicle makers expand with lower-priced models and growing technological strength. Cost cuts, plant ...
Nissan shelves electric Qashqai project in Europe cost-cutting push
Nissan is stopping development of a fully electric Qashqai as it cuts costs and reshapes its model lineup in Europe. The move affects plans linked to its Sunderland plant in the UK and risks ...
European carmakers face deeper China pressure as BMW cuts profit outlook
China is becoming a two-front challenge for Europe’s auto industry, eroding sales in the world’s largest car market while sending more low-cost electric vehicle competition into Europe. ...
Ineos joins European auto defense push with UK military vehicle partnership
European vehicle makers are deepening their move into defense as weak automotive demand and rising military budgets reshape industrial priorities. Ineos Automotive is adding to that shift with a ...
Renault expands defence manufacturing with Thales drone production in France
France's defence buildup is drawing industrial support from outside the traditional arms sector as manufacturers respond to rising military demand across Europe. Renault says it will produce ...
UAW election race centers on Fain reelection bid and labor record
United Auto Workers delegates are set to nominate candidates in Detroit this week as President Shawn Fain seeks a second four-year term leading the 400,000-member union. The contest draws ...
Dauch strike at GM truck axle supplier extends into second week in Michigan
Contract talks at a key supplier to General Motors' pickup truck operations remain unresolved as a labor stoppage moves into its second week in Michigan. The dispute centers on wages at Dauch's ...
Europe EV sales accelerate as higher oil prices improve cost advantage
Rising fuel costs are strengthening the economics of electric vehicles in Europe, where battery models are increasingly competing on price as well as policy support. In the first four months of ...
U.S. auto market may open to Chinese EV sales within years
Pressure is building on the U.S. auto market as Chinese electric vehicle makers expand globally and American manufacturers remain slower to scale affordable EV offerings. Industry analysts say ...
U.S. auto industry discusses right-to-repair policy with Trump
The debate over who can access vehicle repair data is drawing renewed attention in Washington as automakers, dealers and independent shops clash over control of diagnostics and software. President ...
Britain new car registrations post strongest May since 2019
Britain’s new car market records its strongest May performance since 2019, with registrations rising about 7% from a year earlier. The gain is supported by resilient private buyer demand, while ...
U.S. lawmakers press Justice Department for overdue report on Chinese labor practices in auto supply chain
Pressure is building on the Justice Department to deliver a congressionally mandated review of alleged illegal Chinese labor practices in the U.S. auto industry. A bipartisan group led by Rep. Ro ...
Dauch strike continues as UAW-GM supplier talks remain stalled in Michigan
A strike at Dauch's axle plant in Three Rivers, Michigan, is continuing without renewed contract talks, raising pressure on a key supplier for General Motors' profitable pickup truck operations. ...
GM supplier strike threatens truck production in Michigan
A strike at a Michigan axle plant is raising supply risks for General Motors' pickup truck operations, which support some of the automaker's most profitable vehicles. GM has about two weeks of ...
UAW calls strike at GM pickup axle supplier in Michigan
A labor dispute at a key Michigan auto parts plant is escalating as the United Auto Workers moves to halt production tied to General Motors pickup trucks. The planned midnight walkout targets ...
Morocco draws Chinese auto supply investment as EU weighs trade risks
Chinese manufacturers are expanding rapidly in Morocco as the country strengthens its role in Europe’s automotive supply chain. The investment wave is raising concern in Brussels that goods ...
