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Search resuls for: "Zwickau"


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So when Volkswagen announced in 2018 that it would convert its Zwickau factory, the largest private employer in the area, to manufacture nothing but electric vehicles, it was a big deal. “A lot of people were skeptical,” said Michael Fuchs, who has worked at the factory for more than a quarter century. They wondered, “What’s going to happen?” he said. Volkswagen shut down assembly lines churning out its popular Golf hatchbacks and converted the factory, which has its own exit on the autobahn, to make six electric models. The remodeled plant can produce a car a minute, shipping them out by train.
Persons: Horch, , Michael Fuchs, “ What’s Organizations: Volkswagen Locations: Zwickau, Germany’s, Detroit
Can Germany’s sputtering economy be revived in 2024?
  + stars: | 2024-02-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +11 min
Europe’s biggest economy shrank last year for the first time since the onset of the Covid-19 pandemic. And the outlook isn’t much brighter: the International Monetary Fund predicts that Germany will be the slowest-growing major economy in 2024, eking out an increase of just 0.5%. “Germany needs a fundamental economic transformation,” Marcel Fratzcher, president of the German Institute for Economic Research in Berlin, told CNN. Carsten Koall/Getty ImagesHomegrown troublesAlongside an external environment that has become more hostile to Germany’s outward-facing economy, the country’s internal political climate has worsened. Businesses such as these, which can find new markets and applications for their know-how, may hold the key to reviving Germany’s moribund economy.
Persons: What’s, ” Marcel Fratzcher, , Carsten Brzeski, Jens Schlueter, Constanze Stelzenmuller, Christian Lindner, Olaf Scholz, Robert Habeck, Carsten Koall, Michael Probst, Karl Haeusgen, ” Sebastian Shukla, Chris Stern Organizations: London CNN — Trains, Lufthansa, International Monetary Fund, European Union, European Commission, German Institute for Economic Research, CNN, ING, Brookings Institution, Volkswagen, Biden, Free Democratic Party, Social Democratic Party and, Green Party, Deutsche, LinkedIn, Investors, SAP, chipmaker Infineon, Intel, MAN Energy Solutions, Germany’s Machinery, Equipment Manufacturers Association Locations: Europe’s, Germany, Ukraine, Berlin, Europe, China, Zwickau, United States, Russia, , Japan, masse, Frankfurt, , Hamburg, Jungheinrich, Augsburg, Munich, Esbjerg, Denmark
Volkswagen has said that cost-cutting plans would include focusing on fewer high-volume models as well as streamlining production of VW passenger cars, SEAT/CUPRA and Skoda. The Volkswagen brand has the company's highest sales volume by far, but margins traditionally lag behind luxury Audi and Porsche vehicles. A Volkswagen brand spokesperson confirmed that talks began with workers in early October and that it would not comment further on the timeline or content of discussions. Labour representatives, including the head of Volkswagen works council Daniela Cavallo, make up half of the company's supervisory board per German corporate governance law for large firms. A works council spokesperson confirmed a first meeting had taken place but declined to comment further on the timeline.
Persons: Matthias Rietschel, carmaker, Arno Antlitz, Brand, Thomas Schaefer, Daniela Cavallo, Cavallo, Victoria Waldersee, Christoph Steitz, Rod Nickel Organizations: Volkswagen Group, REUTERS, BERLIN, Volkswagen, VW, SEAT, Skoda, Porsche, Labour, Thomson Locations: Zwickau, Germany
The Volkswagen group delivered 2.34 million vehicles in total in July-September. In China, deliveries fell 5.8% to 837,200, the company said, joining rival German carmakers in reporting a quarterly decline there. Mercedes-Benz (MBGn.DE) and BMW (BMWG.DE) earlier this week said their third-quarter sales in China fell, with the former hit by supply chain issues and model changes. Still, car sales in China continued a recovery in September, rising for the second consecutive month, benefiting from stronger demand and new models ahead of key holidays. Volkswagen recorded a 40.5% increase in deliveries of all-electric vehicles to 209,900 in the third quarter, accounting for 9% of group deliveries.
Persons: Fabrizio Bensch, carmaker, Ola Kaellenius, Hildegard Wortmann, Christoph Steitz, Tristan Chabba, Rachel More, Mark Potter Organizations: Volkswagen, REUTERS, German, Mercedes, Benz, BMW, Thomson Locations: Salzgitter, Germany, China, FRANKFURT, Europe, North America, Zwickau
Buzz, a fresh take on the iconic vehicle of the Volkswagen brand, during its world premiere in Paris, France, March 9, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsCompanies Volkswagen AG FollowSept 29 (Reuters) - Volkswagen (VOWG_p.DE) plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the German daily Handelsblatt reported on Friday, citing several company sources. The decision on the location for the prestige EV will be discussed at the Volkswagen supervisory board meeting on Friday, Handelsblatt reported. A spokesperson for the German carmaker declined to comment on the report. The Trinity electric car, which is to be based on the new SSP platform, was supposed to be launched in 2026.
Persons: Benoit Tessier, Handelsblatt, Oliver Blume, Christina Amann, Amir Orusov, Miranda Murray, Rachel More Organizations: VW, Volkswagen, REUTERS, Trinity, Thomson Locations: Paris, France, Zwickau, Wolfsburg
A Volkswagen logo is seen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsBERLIN, Sept 29 (Reuters) - Volkswagen (VOWG_p.DE) plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the company said in a statement on Friday. The carmaker added that its iconic Golf model would be "led into the electric future" at its main Wolfsburg plant. The Trinity electric car, which is to be based on the new SSP platform, was supposed to be launched in 2026. Volkswagen had initially planned to build a new factory for the model, but due to delays in developing the brand, the German carmaker was also considering converting its Wolfsburg factory.
Persons: Mike Blake, carmaker, Oliver Blume, Jan Schwartz, Friederike Heine, Miranda Murray Organizations: Los Angeles Auto, REUTERS, Rights, Trinity, Wolfsburg Warmenau, Volkswagen, Thomson Locations: Los Angeles , California, U.S, Zwickau, Wolfsburg
A Volkswagen logo is seen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsFRANKFURT, Sept 28 (Reuters) - Volkswagen (VOWG_p.DE) on Thursday said that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again. "The IT infrastructure problems in the Volkswagen network were resolved during the course of the night and the network is stable again," Volkswagen said, without providing details on the impact or cause of the incident. The global production network is up and running, and production is expected to proceed as planned," it said, adding individual systems may still be affected during a transitional phase. "We need safety systems here that work," Wissing told broadcaster RTL/n-tv.
Persons: Mike Blake, Volker Wissing, Wissing, Christoph Steitz, Miranda Murray, Kim Coghill, Elaine Hardcastle Organizations: Los Angeles Auto, REUTERS, Rights, VW, Volkswagen, Porsche AG, Audi, Toyota, RTL, Thomson Locations: Los Angeles , California, U.S, Wolfsburg, Emden, Osnabrueck, Hanover, Dresden, Zwickau, Braunschweig, Kassel, Chemnitz, Salzgitter
A technician works on a model of Volkswagen ID.4, at the production line for electric car models of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietsche/File Photo Acquire Licensing RightsFRANKFURT, Sept 27 (Reuters) - Volkswagen (VOWG_p.DE) was hit by a major IT outage on Wednesday, Europe's top carmaker said, adding that production at the carmaker's namesake brand in Germany had come to a halt as a result. Volkswagen said that the whole group, which includes the Porsche AG (P911_p.DE) and Audi brands, was affected. A spokesperson for Audi confirmed that production at the division had been impacted, too, adding it was currently being analysed to what extent. Volkswagen said there had been an unspecified "IT malfunction of network components" at the carmaker's site in Wolfsburg, its global headquarters.
Persons: Matthias Rietsche, carmaker, Volkswagen, Christoph Steitz, Ralf Banser, Maria Martinez, David Holmes, Grant McCool, William Maclean Organizations: Volkswagen, REUTERS, Rights, Porsche AG, Audi, Thomson Locations: Zwickau, Germany, Wolfsburg
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsCompanies Volkswagen AG FollowFRANKFURT, Sept 26 (Reuters) - Volkswagen (VOWG_p.DE) will suspend production of ID.3 and Cupra Born electric cars at its Zwickau and Dresden plants in Germany in the first two weeks of October due to weaker demand, a spokesperson for the carmaker said on Tuesday. Reporting by Ilona Wissenbach, writing by Emma-Victoria Farr, editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: David, Dee, Delgado, Ilona Wissenbach, Emma, Victoria Farr, Susan Fenton Organizations: New York, REUTERS, FRANKFURT, Thomson Locations: Manhattan , New York City, U.S, Zwickau, Dresden, Germany
[1/2] A technician works on the final inspection of an electric Volkswagen ID. REUTERS/Matthias Rietschel/DETROIT, Jan 9 (Reuters) - Volkswagen’s software division, CARIAD, has emerged from a review ordered by VW's new chief executive with a plan to work toward a unified software architecture for future vehicles one jump at a time, according to CARIAD chief Dirk Hilgenberg. “I call our program 'triple jump',” Hilgenberg told Reuters at the CES technology trade show in Las Vegas. “You do one jump after another.”The next key step will be the launch of the Porsche Macan SUV in 2024, which will have VW’s new premium software architecture. Volkswagen's current status is in-between: Software now deployed allows its "ID" electric vehicles to be updated remotely, with a fix for what Hilgenberg called “teething problems”.
FILE PHOTO: A technician attaches a Volkswagen logo to a car, at the production line for electric car models of the Volkswagen Group, in Zwickau, Germany, April 26, 2022. REUTERS/Matthias RietschelBERLIN (Reuters) - The Volkswagen brand will only produce electric cars in Europe from 2033, its boss Thomas Schaefer said on Wednesday, committing to the earlier date in its previous 2033-2035 target. The carmaker is targeting an entry-level electric vehicle for 25,000 euros or less. Schaefer said improving and standardising battery chemistry and format was the key to achieving this goal, as well as producing at scale. “The only company that can scale on this territory at the moment is us,” the chief executive said.
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