International Finance

Tag : Volkswagen

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Audi’s US expansion: German automaker secures tax incentives, grants for USD 4 billion Georgia plant

International Finance Business Desk
Audi announced plans on October 25 to build its first US assembly plant in Georgia, that will produce 200,000 SUVs annually and employ 4,500 ⁠workers....
FeaturedTransport

Volkswagen freezes electric Golf development as cost pressures deepen further

International Finance Business Desk
The proposed ID. Golf is among the first vehicles planned for Volkswagen's next-generation Scalable Systems Platform (SSP)...
FeaturedTransport

Volkswagen posts 5.9 billion euro Q3 loss as China tech push expands

International Finance Business Desk
Apart from the 5.9 billion euro (USD 6.59 billion) Q3 operational loss, Volkswagen also saw its sales revenue falling more sharply than expected...
FeaturedTransport

Audi CEO faces scrutiny over USD 4 billion US plant investment amid Trump tariff tensions

International Finance Business Desk
Audi's proposal of pumping USD 4 billion into a new US assembly plant was announced by Trump at a Republican election rally in Georgia...
FeaturedTransport

Porsche’s nine-month sales plunge 16% as sports car maker braces for prolonged downturn

International Finance Business Desk
Weak China demand, phase-out of the 718 model line and the automaker's focus on brand value over volume continued to weigh on sales...
FeaturedTransport

Volkswagen to go aggressive on restructuring, to cull Spanish marque Seat

International Finance Business Desk
Thomas Schaefer, Volkswagen's brand head, made the declaration amid workers' protests that started after the automaker issued a profit warning...
IndustryMagazine

Automobile conundrum: Germany’s industrial crown jewel under pressure

International Finance Business Desk
One after another, German automobile companies are announcing restructuring plans, only to meet opposition and scrutiny from labour unions...
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Trump says China can build cars in US despite Congress policy push

International Finance Business Desk
However, the Republican has put one condition: Chinese automakers should not build cars in Mexico and ship them to the United States...