Volkswagen

After a slump in China, Volkswagen plans to expand more strongly in growth markets such as Brazil, India and Southeast Asia to regain market share. In Brazil, VW is currently number two behind Stellantis but is increasing market share and planning new locally developed models and export initiatives from China and Brazil. At the same time, Chinese manufacturers like BYD and GWM are quickly catching up and expanding production and distribution networks in South America, intensifying competition. » Altro su wiwo.de

CEO Oliver Blume announced tougher savings measures, prompting concerns across the Volkswagen Group about tens of thousands of jobs and four particularly vulnerable sites (Emden, Zwickau, Hannover, Neckarsulm). The works council called extraordinary meetings; a session in Dresden was cancelled, as an innovation campus will operate there going forward. Lower Saxony is examining a state participation in the Osnabrück plant to secure jobs. Blume stressed that no closure decision has been made and that viable prospects should be created within six to twelve months. » Altro su finanzen.net

The works council, Dresden management and the Group Executive Board have mutually agreed to cancel an extraordinary works meeting planned for the afternoon at the Gläserne Manufaktur, because there is currently no urgent need for information. Serial production in Dresden has not been running since December; the 230 employees are to remain for the time being and the site is being redeveloped together with TU Dresden into an innovation campus. The VW board is currently starting a site tour; however, announced cost-cutting measures by CEO Oliver Blume put further jobs and plants at risk. » Altro su wiwo.de