In light of a challenging market environment and developments that have fallen short of original expectations, particularly at the brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Tech. Components, Volkswagen AG is updating its forecast for the 2024 financial year as follows: The company now expects deliveries to customers to b [ … ]

The Supervisory Board of AUDI AG resolves to support an information and consultation process at the Brussels site. In this process, the Board of Management of Audi Brussels S.A./N.V. will work together with the responsible social partners to develop solutions for restructuring the site. At the end of this process, the plant may among other things b [ … ]

Volkswagen AG resolves on investment by Volkswagen of initially 1 billion USD in Rivian Automotive, Inc., and intends to establish a joint venture with Rivian Automotive, Inc., in the area of E/E architecture. Total investments from Volkswagen in Rivian Automotive, Inc., and the joint venture could grow to up to 5 billion USD until 2026. The Manag [ … ]