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Car Sales in China Decline, but Passenger Vehicle Sales See Growth

Beijing, October 13 (FinanceFlashNews.com) – Overall car sales in China experienced a slight decline in September 2024, but sales of passenger vehicles rose, supported...

Volkswagen Employee Council Threatens Strikes Over Cost-Cutting Plans

Wolfsburg, September 14 – Workers at Volkswagen Group are threatening strikes in response to the company's new cost-cutting plans. This comes as the automaker...

Volvo Abandons Plan to Sell Only Electric Vehicles by 2030

Gothenburg, 9 September 2024 (FinanceFlashNews) - Volvo has abandoned its ambitious plan to exclusively sell electric vehicles (EVs) by 2030. The decision marks a...

European Commission Concerned About the State of the Automotive Industry

The European Commission (EC) is deeply concerned about the challenges facing the automotive industry, particularly regarding cost-cutting measures at Volkswagen. Commissioner Thierry Breton emphasized the...

Passenger Car Sales in China Declined for Fifth Consecutive Month in August

Passenger car sales in China fell by 1.1% in August to 1.92 million units, marking the fifth straight monthly decline. Sales of electric and plug-in...

olkswagen Replaces CFO Amid Financial Challenges

David Powels, CFO of Seat, will replace Patrik Andreas Mayer as Volkswagen's new Chief Financial Officer. Mayer will transition to Seat in Spain, where Powels...

Unions at Audi Brussels Plant Threaten Arbitration Over Possible Closure

Workers at Audi's Brussels plant threaten arbitration over the possible closure due to weak demand for the Q8 e-tron and high operating costs. Employees have...

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