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China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say

China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say

Apr 01, 2024, 11:52 AM IST

China's SAIC Motor plans to cut thousands of jobs in joint ventures with General Motors and Volkswagen, and its Rising Auto electric car unit, amid a price war, electric vehicle rise, and struggling economy.

M&M shares hit record high as Volkswagen to supply electric parts

M&M shares hit record high as Volkswagen to supply electric parts

Feb 16, 2024, 11:43 AM IST

M&M shares rose 6% to a high of Rs 1864.65 against the previous close of Rs 1765.55 on BSE. Market cap of the firm rose to Rs 2.29 lakh crore.

Volkswagen to invest $193 bln over 5 years to hit EV target

Volkswagen to invest $193 bln over 5 years to hit EV target

Mar 14, 2023, 03:10 PM IST

As it works toward a target of 50% electric vehicle (EV) sales globally by 2030, over two-thirds of the five-year investment budget is allocated towards electrification and digitalisation, up from 56% in a five-year plan it had released a year earlier.

Audi reveals its most powerful EV e-tron GT; check price, features

Audi reveals its most powerful EV e-tron GT; check price, features

Feb 10, 2021, 10:40 PM IST

Since both Audi and Porsche are part of Volkswagen group of companies, the e-tron GT and Taycan share the same chassis and battery platform

Volkswagen rolls out first Ameo from Pune plant

Volkswagen rolls out first Ameo from Pune plant

May 25, 2016, 05:33 PM IST

The German company has invested Rs 720 crore to make this sub-4 meter car, manufactured on its popular hatchback Polo's platform, but developed and designed especially for the domestic market.

Volkswagen trying to reverse its declining market share in India

Volkswagen trying to reverse its declining market share in India

Jun 24, 2015, 04:20 PM IST

Europe's biggest automaker, the Germany-based Volkswagen is trying reverse its declining market share in India.

Volkswagen aims to double market share to 7 pc by 2018 in India

Volkswagen aims to double market share to 7 pc by 2018 in India

Apr 18, 2013, 02:58 PM IST

German auto major Volkswagen is eyeing to more than double its market share in India to up to 7 per cent by 2018, when it aims to become the largest car maker in the world.