|
Politics
|
Volkswagen's Struggle in Transition to E-Mobility
2024-09-14 13:29:08
Automotive
Business

Volkswagen's Struggle in Transition to E-Mobility

Image courtesy of : AFP (MORITZ FRANKENBERG)

Volkswagen faces significant challenges as it transitions to electric mobility. The company grapples with low factory utilization and high costs, prompting plans for stringent cost-saving measures.

Mayor Belit Onay of Hannover has criticized VW's inconsistent approach and urges the company to develop robust strategies to handle cost pressures and adapt to market demands. The VW board has terminated employment guarantees, leading to job insecurity.

Despite investing heavily in electric vehicle production, facilities remain underutilized. Locations like Wolfsburg, Emden, and Zwickau face uncertain futures, with potential job cuts looming.

The state of Lower Saxony, holding significant voting rights, demands VW secure its plants and workforce.

Related news on that topic:

Calls for Authenticity in Volkswagen's Electric Future

Hannover's Mayor Belit Onay has voiced strong criticism regarding Volkswagen's recent direction, emphasizing the need for genuine Volkswagen models. He condemned the federal government's cessation of funding for electric vehicles and urged for a coherent policy rather than fiscal compromises. Onay's commitment to preserving Volkswagen's local sites is unwavering, especially as the company faces potential job cuts and factory closures. Niedersachsen's Prime Minister, Weil, identified gaps in VW's offerings and is advocating for the introduction of more affordable electric models, such as the planned ID.2 and ID.1. Meanwhile, the FDP has rejected new subsidies for electric vehicles, arguing that the market should self-regulate. This ongoing dialogue highlights the urgent need for Volkswagen to adapt its strategies and invest in accessible electric models while addressing community concerns and ensuring sustainable employment.

EU Climate Targets Threaten European Automotive Jobs

The European automotive industry is sounding alarms over the tightened EU climate targets for fleet emissions. The industry claims it cannot meet the new standards, which are assessed using the WLTP test procedure. As a result, manufacturers face potential penalty payments in the billions. To avoid these fines, they propose reducing production, which could lead to millions of job losses. Automakers are demanding a postponement of the targets, arguing that even hybrid vehicles cannot meet the average emissions values. They plan to leverage an emergency article to delay the implementation, a move supported by VW Supervisory Board Chairman Hans Dieter Pötsch. Environmental organizations like Transport & Environment Deutschland and Greenpeace criticize this request, labeling it a management failure. They argue that the industry had ample time to adapt, particularly through increasing electric vehicle production. Despite the industry's financial gains in recent years, the potential economic impact on jobs remains a significant concern. The debate continues as policymakers and industry leaders grapple with balancing environmental goals and economic stability.

Read 15 more recent news on this topic

The press radar on this topic:

t-online
13. September 2024 um 16:27

VW Crisis: Hannover Mayor Belit Onay Speaks Plainly

Economy
Politics
Technology
The VW crisis is shaking locations in Lower Saxony; Hannover Mayor Onay meets with the VW board to prevent plant closures and job cuts, which he describes as "unacceptable"; VW has terminated the employment guarantee and threatens layoffs without an agreement on a new regulation; Onay demands that VW develop strategies to cope with cost pressure and adapt to the European car market; Onay criticizes VW's "zigzag course" on e-mobility and the phase-out of combustion engines by 2035; Onay laments..
Tagesschau - Wirtschaft und Börsen-Nachrichten
14. September 2024 um 06:14

Savings Plans of the Automotive Group Which VW locations are particularly worried

Economy
Politics
Technology
As of September 14, 2024 08:14 Volkswagen is struggling with the transition to electromobility: The utilization of the factories is poor, the costs are too high. The group is planning drastic austerity measures. Which plant could be affected? If the VW Group were a living being, Wolfsburg would be the heart. The factory towers and the large VW logo are visible from afar, and the streets are full of Volkswagen workers at shift changes. Almost everyone in the city has some connection to the group...
taz
14. September 2024 um 10:11

Crisis at VW: Why the engine is sputtering

Economy
Technology
Finance
VW Group in crisis; Electric cars important for the future; Competition from China threatens VW; Productivity of German locations too low.
focus
14. September 2024 um 08:34

Volkswagen Crisis - Supervisory Board Chairman Weil Demands Affordable Electric Car Models from VW

Economy
Technology
Weil demands cheaper electric cars from VW; VW plans ID.1 and ID.2 as electric compact cars, ID.2 at Seat; Weil emphasizes that affordable offers are being pushed forward; VW has to close the gap of the e-Up; Lower Saxony holds 20% of the voting rights; VW had to postpone the start of the Trinity to 2032; VW sold 771,000 electric cars worldwide in 2023; VW announces job security, layoffs threaten due to overcapacity; VW employs 684,000 people worldwide, 300,000 of them in Germany.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact