Volkswagen News Updates

Priced from around $32,000, the ID. Cross will pad out VW’s lineup of affordable electric city models that are increasingly competing with the likes of BYD’s Dolphin Surf.

VW has come through some tumultuous weeks, with a worsening business outlook prompting renewed pressure to make cuts.

The Germany-based company said group sales fell 8.6% in the second quarter to just under 2.1 million vehicles. Sales in China plummeted by more than a third.

Volkswagen plans to cut its sprawling model lineup by as much as 50%, a savings push that was announced after a closely watched supervisory board meeting.

Management is arguing the automaker needs an all-hands overhaul, including a carve-out of the VW brand, to withstand mounting competition from Chinese rivals.

VW is entering another period of upheaval after CEO Oliver Blume and other executives signaled internally that the group remains uncompetitive in key areas.

Volkswagen is looking to cut tens of thousands of additional jobs and may shutter factories in a push by CEO Oliver Blume to make the automaker more competitive.

Volkswagen said last week it would stop making the battery-powered ID.4 at its assembly plant in Chattanooga after EV demand cratered.

Two of Europe’s biggest auto manufacturers, Volkswagen AG and Stellantis NV, are pressuring the European Union to better protect the bloc’s troubled auto industry.

Volkswagen’s plans for a possible Audi factory in the U.S. aren’t progressing as U.S. tariffs add a burden and talks for local incentives haven’t yielded results, CEO Oliver Blume said.