The Latest Breaking News from Arno Antlitz

We knew something like this was going to happen. But now we know the numbers. After more than a year of operating in an unprecedentedly tough environment in Europe and China, things came to a head for the Volkswagen Group this week as it posted its third-quarter financial results. And…

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

The Volkswagen Group experiences lower than expected demand and sales of electric cars, but intends to maintain its pricing, prioritizing margins.

It will be interesting to see how the German group’s offerings will compete with EVs from rival brands Renault and Lancia, and whether or not they'll make their way to the United States.

Frankfurt (AFP) - German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and supply chain issues to put in a "robust" performance in the first six months of 2022.

Volkswagen AG (OTC:VWAGY) continues to strive for an initial public offering (IPO) for Porsche in the fourth quarter amid market volatility, Reuters reports. "We are optimistic we can pursue this project in the fourth quarter," CFO Arno Antlitz said at the Reuters Automotive Europe conference in Munich. "Porsche would gain entrepreneurial freedom, we can…

Volkswagen Group CEO acknowledged that the company is shopping for US sites for new plant; separately, CFO Arno Antlitz said the Scout brand might be listed.

Volkswagen's plans for Scout have U.S. dealers worried.