Volkswagen Group

Germany: How the Crisis at Volkswagen Threatens the Existence of Wolfsburg

The city was founded by Hitler’s Nazi regime on July 1, 1938, to become the headquarters for workers producing a low-cost car. Now, it risks becoming an industrial museum.

Mark Zuckerberg‘s wife, Priscilla Chan, expressed her desire to have a minivan, and the Facebook founder didn’t want to disappoint her. However, he took it a step further and created an entirely new luxury vehicle for her.

Last week in Brussels, unions stood with workers at Audi’s factory in Belgium, protesting the company’s plan to close the electric vehicle plant that once began there as a model of technology and modernity.

Logically, the spectacular rise of the far right in Germany cannot be related to the failure of a company called Cariad to supply Volkswagen with the right software for the millions of vehicles it produces.

The changes Volkswagen are world-changing, with the German automaker’s leadership team announcing today to labor union leaders that it is ending a 30-year-old agreement that protected workers from layoffs.

Volkswagen is going through the worst period in its history, following the trajectory of the German economy, which is on the brink of recession.

Could the closure of two Volkswagen plants trigger a domino effect that will hit the already weakened governing coalition under Olaf Scholz?

Bentley is expected to unveil the new Flying Spur in the coming days, with the British limousine now featuring a powerful Ultra Performance Hybrid system.

The plug-in hybrid setup combines a 4.0-liter V8 engine with an electric motor mounted within the gearbox, delivering a total of 782 horsepower and 1,000 Nm of torque, with power sent to all four wheels.

Porsche is scaling back its ambitions for electric vehicle sales due to weaker-than-expected dynamics in key markets, including Europe. The automaker has officially stated that the transition to electric vehicles will take longer than anticipated by most manufacturers and the EU.

Volkswagen is considering the unprecedented step of closing its factories in Germany for the first time in its 87-year history as part of a broader effort to cut costs amidst increasing competition from Chinese electric vehicle manufacturers, CNN and Financial Times report.

On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds.

Türkiye is hoping its first major electric carmaker will put the country in the driving seat of the automotive industry.