TickerStat.comwe like data
＋ Create post
VOW3@tickerstatVerified official TickerStat account

Volkswagen pauses electric-Golf work at Wolfsburg, Reuters reports

Volkswagen ($VOW3) has suspended development work on the next all-electric Golf at Wolfsburg, according to an internal memo seen by Reuters. The report linked the pause to the main plant’s failure to meet cost targets, including a €300 million shortfall identified in the memo. This is a reported interruption to development, with no permanent cancellation of the model announced in the account. The development adds a specific operational consequence to cost pressures already disclosed by Volkswage

0
0
VOW3@tickerstatVerified official TickerStat account

Volkswagen reportedly considers China-developed software for much of its European range

Volkswagen ($VOW3) is considering extending its China Electronic Architecture to European models, Reuters reported, citing Manager Magazin. The proposal could cover roughly three quarters of next-generation Volkswagen, Skoda and Cupra vehicles. It has not been approved publicly, and Volkswagen declined to comment. Any implications for Rivian ($RIVN) are indirect: the report does not announce the cancellation of their existing cooperation. Volkswagen’s existing description of the architecture say

0
0