Monica Raymunt

Despite economic uncertainties, the German automobile manufacturer reports a 25% profit increase and plans price hikes

Volkswagen AG beat expectations for the first quarter after rising deliveries and strong demand in the US and Europe helped offset a slide in sales in China.

Dank steigender Verkaufszahlen hat die Volkswagen AG die Erwartungen für das erste Quartal übertroffen. Während der Absatz in China sank, war die Nachfrage in den USA und Europa stark.

Volkswagen AG is expected to replace the leadership of its troubled software unit later Monday, with the German carmaker’s new chief executive officer installing a range of trusted managers.

Volkswagen will amp up partnerships and the use of external expertise to tackle the challenges of keeping up in China and rectifying software struggles that have pushed Europe’s biggest carmaker off course.

Volkswagen AG contended with a combative atmosphere at the carmaker’s annual general meeting in Berlin as climate protesters blocked access to the venue and shouting activists interrupted speeches from management.

VW faced criticism about its presence in China’s western region of Xinjiang, where the government is alleged to have pushed Muslim Uyghurs and other minorities into jobs programmes as part of an effort to force them to assimilate

Auto sales in Europe rose in April for a ninth month as supply chains improved and carmakers worked through backlogs of orders.

Germany is quietly dropping its goal of having one million electric-car charging stations on streets and at supermarkets by 2030 as it becomes clear that people prefer to power up at home.

Die Bundesregierung hat ihr Ziel, bis 2030 eine Million Ladestationen für Elektroautos an Straßen und Supermärkten aufzustellen, klammheimlich aufgegeben. Grund sei die höhere Ladeleistung und die Präferenz der Halter für die Nutzung heimischer Ladestationen, wie zu hören ist.