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VWAGY / VW-backed Scout Motors to build $2B factory in South Carolina

VW-backed Scout Motors to build $2B factory in South Carolina
Scout Motors, the VW Group spinoff taking aim at the U.S. market with rugged all-electric vehicles, is deepening its investment with plans to build a $2 billion factory capable of producing 200,000 EVs a year in South Carolina. Read More
Posted: Mar 3 2023, 11:37
Author Name: TechCrunch
Views: 103157

VWAGY News  

Volkswagen: Get Paid 8.3% For Holding One Of Germany's Crown Assets

By Seeking Alpha
November 1, 2023

Volkswagen: Get Paid 8.3% For Holding One Of Germany's Crown Assets

Volkswagen is Germany's largest employer and a cornerstone of the nation's economy. Despite industry challenges, Volkswagen has demonstrated resilienc more_horizontal

Volkswagen not planning next gigafactory site at present -Blume

By Reuters
November 1, 2023

Volkswagen not planning next gigafactory site at present -Blume

German car group Volkswagen will not decide at the moment on a further site for a new battery factory site, Chairman Oliver Blume said on Wednesday af more_horizontal

Volkswagen: Electric Vehicle Keeps The Company Resilient During A Difficult Year

By Seeking Alpha
October 30, 2023

Volkswagen: Electric Vehicle Keeps The Company Resilient During A Difficult Year

Volkswagen's stock continues to face downward pressure following the recent announcement by the German automaker that it has revised its profit margin more_horizontal

Volkswagen wants to cut 2,000 jobs at Cariad unit - manager magazin

By Reuters
October 27, 2023

Volkswagen wants to cut 2,000 jobs at Cariad unit - manager magazin

Volkswagen wants to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan, business news outlet manager magazin reported more_horizontal

Volkswagen lags behind profitability targets in Q3

By Reuters
October 26, 2023

Volkswagen lags behind profitability targets in Q3

Volkswagen confirmed on Thursday preliminary results of 78.8 billion euros ($83.07 billion) in Q3 sales and a 14% rise in operating profit to 4.9 bill more_horizontal

Volkswagen shares fall to pandemic levels on profit warning

By Proactive Investors
October 23, 2023

Volkswagen shares fall to pandemic levels on profit warning

Volkswagen Group (XETRA:VOW) shares took a hit on Monday after the manufacturer hinted margins would be tighter than anticipated at the full-year sta more_horizontal

Volkswagen cuts profit outlook on raw material hedges hit

By Reuters
October 20, 2023

Volkswagen cuts profit outlook on raw material hedges hit

Volkswagen on Friday cut its profit outlook for the current year due to negative effects from raw materials hedges at the end of the third quarter, Eu more_horizontal

Volkswagen brand cost-cutting plan running behind schedule - sources

By Reuters
October 16, 2023

Volkswagen brand cost-cutting plan running behind schedule - sources

Volkswagen is running behind schedule in defining key measures of a planned 10 billion euro ($10.5 billion) cost-cutting drive for its namesake brand, more_horizontal


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