Volkswagen CFO Arno Antlitz said the carmaker wouldn't invest in unproductive factories, paving way for new battle with workers.

Car giant VW to wind down production at 2 factories, China could buy factories for foothold in Germany Read more at straitstimes.com.

The company kickstarted development of China Electronic Architecture (CEA), a joint project of Volkswagen China Technology Company, Volkswagen's software unit CARIAD and XPENG. The CEA will develop a highly modern and cost-efficient electrical architecture that will be used in their vehicles from 2026.

Volkswagen is exploring alternative uses for its Dresden and Osnabrueck factories under a cost-cutting drive to pare back its German operations. Europe's biggest automaker, which owns brands including Porsche, Audi and Skoda, has suffered a fall in sales in the face of rising competition from Chinese companies.

It was just past 11 on a freezing December morning on the outskirts of Brussels, but already workers at the city's Audi factory were cracking open frosty cans of beer. They had just finished a long night shift - not on one of the production lines at a plant that has produced 8 million cars since 1949,

XPeng and Volkswagen will work together to build a network of more than 20,000 charging units to be installed in 420 cities.

Arno Antlitz wants his workers to boost their productivity. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our ...

Volkswagen has ramped up its focus on China via an investment in Xpeng and an aggressive electric vehicle launch schedule.

Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.

Chinese officials are eyeing Germany's automotive sector, seeking to acquire factories like Volkswagen's to avoid EU tariffs on electric vehicles.

Chinese investors and officials are considering purchasing German automotive factories that are on the brink of closure, with a particular focus on those owned by Volkswagen, reported Reuters.