Volkswagen Archives - The Virginia Star

‘Cannot Continue’: Major Automaker Hits the Gas on Cost Cuts amid Tepid EV Demand, Increased Chinese Competition

October 31, 2024 Daily Caller News Foundation

Volkswagen (VW) said Wednesday that it needs to cut costs amid slackening consumer demand for electric vehicles (EVs) and weaker car sales in China.

VW’s profits fell 64% in the third quarter of 2024, driving the company’s share price to its lowest level since October 2010. Now, the world’s largest automaker by sales is looking to lower its expenses, with VW’s top labor leader announcing earlier this week that the company was aiming to shut at least three of its German factories, slash wages 10% and lay off thousands of employees.

Automakers’ Push to Remove AM Radio in New Cars Gets Pushback from Hannity to Hill

May 15, 2023 Just the News

Video didn’t kill the radio star. But auto manufacturers might, as they consider eliminating AM radio from new vehicles in their transition from gas- to electric-powered fleets.

Manufacturers such as BMW, Mazda, Tesla, and Volkswagen are taking AM radio out of new electric vehicles over concerns their engines will interfere with how AM stations sound, according to The Washington Post.

Luxury Car Sales Surge Amid Global Supply Chain Disruptions and Surging Inflation

January 18, 2022January 17, 2022 Virginia Star Staff

Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported.

Luxury car brands, including Rolls-Royce, Bentley, Porsche and BMW, all reported record sales in 2021, the WSJ reported. Reduced international travel reportedly encouraged high-end car users to boost their vehicle purchases.

Meanwhile, the auto industry was crushed by supply chain bottlenecks and worsening chip shortages causing companies to curb production, the WSJ reported.

Northam Awards $9.4 Million from Volkswagen Lawsuit Funds to Electrify Diesel Fleets at IAD, Fairfax County, and Amherst County

May 13, 2021May 12, 2021 Eric Burk

Governor Ralph Northam awarded $9.4 million to fund electrification of government-owned vehicle fleets for Dulles International Airport, Fairfax County, and Amherst County. The funds are part of the Clean Air Communities Program (CACP) and is funded by the Volkswagen Environmental Mitigation Trust (VEMT). Along with the $9.4 million awards, Northam announced a second round of funding, an additional $20 million, to electrify school buses.

Governor Ralph Northam Signs Major New Clean Car Standards Bill

March 21, 2021March 20, 2021 Eric Burk

Governor Ralph Northam announced newly-signed legislation Friday that will require approximately eight percent of model year 2025 vehicles sold in Virginia to be zero-emissions vehicles. HB 1965, introduced by Delegate Lamont Bagby (D-Henrico), adds Virginia to the list of states following California’s vehicle emissions standards, which are stricter than the federal standards Virginia currently follows.