Latest News Updates From Monica Raymunt

Volkswagen ended up with more cash in its automotive division than forecast in 2025 as the German carmaker delays projects and investments as part of an overhaul of its EV strategy.

Continental's industrial ContiTech unit is set to miss targets because of weak demand and other expenses, raising doubts about the price the division will fetch in its sale process.

Volkswagen said it’s monitoring market developments and has reserved the range extender concept for its future EV platform.

The joint venture, known as RV Tech, said it has made solid progress on delivering the EV electrical and software platform that Volkswagen needs to compete with Tesla and Chinese rivals.

Volkswagen AG is curbing volume and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.

Volkswagen is facing delays to the launch of its electric Golf, a setback for the German carmaker that’s grappling with a major restructuring, according to people familiar with the matter.

Audi’s labor leaders are willing to back an expansion in the country only if management gives long-term guarantees for jobs and output at home.

Continental lowered a profitability target for the year due to rising costs from U.S. tariffs as the German automotive supplier forges ahead with a plan to dismantle itself.

Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.

Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.