Volkswagen seeks new era in Germany with old methods

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Sat, January 25, 2025

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What Companies at Davos are Saying About Climate and Trump

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Heard in Davos: What we learned from the WEF in 2025

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British growth plans get positive response in Davos, minister says

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Thu, January 23, 2025

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Wed, January 22, 2025

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[ Wed, Jan 22nd ] - Reuters

Volkswagen seeks new era in Germany with old methods

[ Wed, Jan 22nd ] - AOL

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[ Wed, Jan 22nd ] - Firstpost

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[ Wed, Jan 22nd ] - Mint

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Tue, January 21, 2025

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Volkswagen seeks new era in Germany with old methods

_{//business-finance.news-articles.net/content/202 .. n-seeks-new-era-in-germany-with-old-methods.html}
^{Published in Business and Finance on Wednesday, January 22nd 2025 at 17:20 GMT by Reuters}

For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.

The article from Reuters discusses Volkswagen's strategic plans for 2025, focusing on a significant investment in electric vehicles (EVs) and battery technology, aiming to transition from traditional combustion engines to sustainable mobility. Volkswagen announced a 180 billion euro investment plan over the next five years, with a substantial portion directed towards electrification and digitalization. This includes the development of a new platform for entry-level electric cars, aiming to make EVs more affordable and accessible. However, the company is criticized for its slow pace in transitioning to electric vehicles compared to competitors like Tesla and Chinese manufacturers. Volkswagen's approach includes maintaining a strong presence in China, where it plans to build a new battery plant, and continuing to invest in its home market, Germany, despite challenges like high labor costs and a complex supply chain. The article also touches on the political and economic implications of these investments, including job security concerns and the need for government support in infrastructure for EVs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/volkswagen-seeks-new-era-germany-with-old-methods-2025-01-22/ ]

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