Volkswagen is participating, with a contribution of US$620 million (about €500 million), in a financing round of its Swedish battery partner Northvolt AB with a total volume of US$2.75 billion. The Group will thus maintain its stake in the company constant at about 20 percent. The funds are to be used for capacity expansion in…
German automobile manufacturing giant Volkswagen is planning to slash upto 5,000 jobs in Germany by 2023 through an early or partial retirement offer to older employees. “Up to 900 employees would opt for an early retirement scheme while others would leave the company as part of a gradual halting of their activities,” the company informed in a…
Volkswagen India said it has appointed Vishal Bhat as the head of after-sales service from January 1, according to PTI report. Bhat is currently serving as head of corporate and pre-owned car sales at Volkswagen, the company said in a release. He would be taking over the responsibility from P Ravichandran, who is now responsible…
Automaker Volkswagen India said it has appointed Priyesh Kumar as the new head of sales vertical, effective from December 1, according to PTI report. Currently, Kumar heads dealer development function in the company. The company has also appointed P Ravichandran, currently head of after sales, as the head of dealer development, effective from December 1.…
German automaker Volkswagen Passenger Cars recently announced the appointment of Abbey Thomas as the company’s Head of Marketing for India business. His appointment is announced with immediate effect. In his new role, Thomas will be responsible for the marketing strategy of the brand in India. Thomas takes over from Bishwajeet Samal, who moves to Wolfsburg,…
Many studies have pointed out that the “Always On” work environment reduces productivity of an employee, increases stress and jeopardizes their personal life. This has led to many problems for the employees, like depression, anxiety disorder, etc.
Audi, a member of the Volkswagen Group that designs, engineers, produces, markets and distributes luxury vehicles announced on Tuesday that it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving, and digital services. In a statement, the German automaker said that the…