Volkswagen is scrapping a major advanced-manufacturing project at its sprawling headquarter as falling profits force Europe’s biggest carmaker to rethink investment across its German factories
Volkswagen said its namesake brand’s sales of EVs and hybrids in China climbed to a record last month, and forecast growth will continue for the rest of the year
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Volkswagen is selling new green hybrid bonds with a roughly 2.5% spread premium over its senior debt, as the German carmaker struggles with a slump in demand in China and a costly restructuring
Volkswagen said it paused development on its all-electric Golf model to preserve cash flow as it reported lower profit amid deteriorating market conditions