Czech automaker Skoda, owned by Volkswagen, announced it will exit the Chinese market by mid-2026, after struggling to compete amid China’s fast-moving shift to electric vehicles. Once Skoda’s largest market, with over 300,000 deliveries between 2016 and 2018,...

Europe’s largest automaker, the Volkswagen Group, is grappling with challenges from a slow transition to electric vehicles and growing competition from China. As part of plans to cut 50,000 jobs by 2030, VW will close its Osnabrueck plant,...

Porsche SE announced increased investments in the defence and security sector following a 9% drop in adjusted 2025 earnings to €2.9 billion ($3.35 billion). The decline reflects billions in costs at its core holdings, Volkswagen AG and Porsche AG, from tariffs...

The illegal war in Iran, waged by an empire in decline, has sent shockwaves through the global economy, driving gasoline prices to levels that sow uncertainty among carmakers, dealers, and drivers alike. Yet amid this...

Volkswagen Group is confronting a profound inflection in the global energy and mobility landscape. As electric vehicle demand fails to meet earlier projections, the company is strategically pivoting from a narrow focus on EV production...

Bentley, subsumed under the corporate juggernaut of Volkswagen, is shedding 275 jobs—6 percent of its workforce—in a bid to survive what executives call “turbulent times.” This is not mere accounting; it is a window into...