After several days of negotiations, Volkswagen and the union have reached a settlement in wage negotiations.
According to the relevant unions, about 66,000 Volkswagen workers participated in the strike.
On July 19, according to media reports citing two sources, the European Union Commission has sent a signal to Volkswagen and BMW that it may consider significantly reducing the high tariffs imposed on the two models produced in China and imported into Europe. The two models, BMW's new electric MINI COOPER and Volkswagen Seat's Cupra Tavascan, have been facing tariffs of up to 37.6% since the new regulations came into effect in early July. It is reported that the European Union Commission is now ...
Volkswagen plans to invest $5 billion in Rivian (RIVN. O).
Rivian (RIVN. O) and Volkswagen plan to form a joint venture on the next generation of electric vehicles.
Rivian (RIVN. O) U.S. stocks rose more than 30% after trading, on the news, Volkswagen plans to invest 5 billion dollars in it and form a joint venture on the next generation of trams.