Tag: Volkswagen

‘Cannot Continue’: Major Automaker Hits the Gas on Cost Cuts amid Tepid EV Demand, Increased Chinese Competition

Daily Caller News Foundation
Volkswagen

Volkswagen (VW) said Wednesday that it needs to cut costs amid slackening consumer demand for electric vehicles (EVs) and weaker car sales in China.

VW’s profits fell 64% in the third quarter of 2024, driving the company’s share price to its lowest level since October 2010. Now, the world’s largest automaker by sales is looking to lower its expenses, with VW’s top labor leader announcing earlier this week that the company was aiming to shut at least three of its German factories, slash wages 10% and lay off thousands of employees.

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Automakers’ Push to Remove AM Radio in New Cars Gets Pushback from Hannity to Hill

Just the News

Video didn’t kill the radio star. But auto manufacturers might, as they consider eliminating AM radio from new vehicles in their transition from gas- to electric-powered fleets.

Manufacturers such as BMW, Mazda, Tesla, and Volkswagen are taking AM radio out of new electric vehicles over concerns their engines will interfere with how AM stations sound, according to The Washington Post.

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Ferris State University Responds to Gotion Controversy

The Center Square

In a video posted on YouTube, Ferris State University President Bill Pink says the university hasn’t discussed housing Chinese nationalists to work at the nearby electric vehicle battery plant.

Pink posted the video on March 23 to dispel rumors surrounding the planned Gotion electric vehicle battery plant. Last week, The Center Square reported that the company – with $1.14 billion of state and local backing – must adhere to communist rules.

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Luxury Car Sales Surge Amid Global Supply Chain Disruptions and Surging Inflation

Michigan Star Staff
blue Rolls Royce at a dealership

Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported.

Luxury car brands, including Rolls-Royce, Bentley, Porsche and BMW, all reported record sales in 2021, the WSJ reported. Reduced international travel reportedly encouraged high-end car users to boost their vehicle purchases.

Meanwhile, the auto industry was crushed by supply chain bottlenecks and worsening chip shortages causing companies to curb production, the WSJ reported.

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