Page 10 - Thomas Schaefer News Today

By Victoria Waldersee BERLIN (Reuters) - Volkswagen is running behind schedule in defining key measures of a planned 10 billion euro ($10.5 billion) c...

Volkswagen is running behind schedule in defining key measures of a planned 10 billion euro cost-cutting drive for its namesake brand, two people familiar with the matter said, as talks with powerful...

After a decade of being trounced by Tesla, this was supposed to be the year that traditional automakers finally put up a fight for electric cars. Things haven’t turned out

Legacy automakers, such as General Motors and Ford, are struggling to catch up with Tesla in the electric vehicle (EV) market. Teslas dominance is evident as it accounts for 61% of fully electric cars sold in the US, and its price cuts have reset customer expectations across the industry. Ford and GM have faced setbacks, including delays in battery manufacturing and production targets. Chinas BYD has successfully transitioned to profitable EVs by focusing solely on electric vehicles, showing tha...

Volkswagen's $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback. This tracks with an earlier statement from VW passenger cars boss Thomas Schaefer, who said last year that an additional factory might not be necessary as VW produ...

Volkswagen's $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback. This tracks with an earlier statement from VW passenger cars boss Thomas Schaefer, who said last year that an additional factory might not be necessary as VW produ...

Volkswagen's woes continue as demand for its electric vehicles is dwindling. The German carmaker responded with more production halts well into Octo...

Volkswagens works council is demanding more information on a cost-cutting and efficiency drive being drawn up for the automakers main passenger car brand, saying employees needed more...

The compact front-wheel-drive hot hatch is set to lead VW’s upcoming entry-level BEV lineup with an anticipated starting price of about $32,800.

VW described the ID GTI concept as a "sports car for the electric age” and said it will have enhancements such as a front-axle differential lock that better helps the wheels put down power to the road.