Volkswagen
Some of the key events about Volkswagen
- 1937Founded as a state-owned enterprise to produce affordable cars for the German people
- 1937Founded as a state-owned enterprise under Nazi Germany to produce the "people's car"
- 1945Resumed production of the Volkswagen Beetle after World War II
- 1945Forced labor was used extensively in Volkswagen factories during World War II
- 1949Introduced the iconic Volkswagen Type 2 (Microbus/Transporter)
- 1955Produced its one-millionth Volkswagen Beetle
- 1961Volkswagen established a subsidiary in apartheid South Africa, facing criticism for operating under the regime
- 1965Acquired Auto Union GmbH (now Audi)
- 1972Surpassed the Ford Model T as the world's best-selling car with the Beetle
- 1973Volkswagen do Brasil was accused of collaborating with the Brazilian military dictatorship
- 1974Introduced the Volkswagen Golf, which became one of the world's best-selling car models
- 1993Volkswagen was accused of industrial espionage against General Motors
- 1998Launched the "New Beetle", a modern interpretation of the classic Beetle design
- 2002Introduced the Touareg, marking Volkswagen's entry into the luxury SUV market
- 2005A corruption scandal involving bribery and illegal privileges for labor representatives was uncovered
- 2015Became the world's largest automaker by sales, surpassing Toyota
- 2015The "Dieselgate" emissions scandal was exposed, revealing Volkswagen had been cheating on emissions tests
- 2016Volkswagen agreed to pay $14.7 billion in a settlement over the diesel emissions scandal in the US
- 2017Volkswagen pleaded guilty to criminal charges related to the diesel emissions scandal in the US
- 2019Volkswagen faced allegations of using forced labor in China's Xinjiang region through a joint venture
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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October 30 2024 , 09:39 AM • 299 viewsFord plans big UK job cuts as electric car sales hit unexpected roadblock
Ford announces plans to reduce its UK workforce by 800 people while scaling back electric vehicle production in Europe. The car-maker faces dropping sales and changing market conditions for battery-powered cars
Swedish mega-factory troubles show cracks in Europe's tech independence dreams
Europeʼs biggest battery venture faces major money problems while Asian makers dominate the market. Technical challenges and rising competition from China put EUʼs tech independence plans at risk
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German industrial output hits lowest point in nearly two decades while facing new trade-related challenges. Former export powerhouse needs quick solutions as international relations shift dramatically
Nissan's global shake-up puts thousands of UK auto jobs at risk
Japanese car-maker Nissan announces major cut-backs affecting 9‚000 jobs worldwide and 20% production reduction. UKʼs Sunderland plant faces uncertainty as company deals with tough market conditions
BMW hits rough patch as Chinese buyers pick local electric cars instead
German car giant BMW shows massive drop in profits as Chinese customers switch to home-grown brands. Company faces multi-front challenge: dropping sales worldwide brake system recall and tough EV market
Ikea opens wallet for Cold War forced labor while other firms stay silent
Swedish furniture giant agrees to pay millions for using East German prison labor during Cold War era. Other major companies face similar accusations but refuse to acknowledge their past connections
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Tesla pushes back against White-House plan to limit Chinese tech in American cars. The dispute highlights growing tension between car-makers and government about foreign parts in US vehicles
German economy dodges downturn while other EU nations show growth signs
Latest data shows German economy avoided technical recession with tiny growth‚ while France and Spain performed better. ECB rate adjustments and tourism helped push eurozone to its best quarter in years
German auto giant faces tough choices as profits take unexpected nosedive
Volkswagen struggles with major profit decrease as Chinese market share drops and European sales slow down. Company executives push for wide-ranging cost-cuts while unions prepare for tough negotiations
German auto giant's troubles show why UK shouldn't copy European economic model
As Labour plans to adopt European-style policies a major crisis hits German industry. Volkswagenʼs factory closures and wage cuts signal deeper problems in Europeʼs largest economy
German auto giant's shock plan puts thousands of jobs at risk
Major car manufacturer considers shutting down three factories in Germany while planning significant workforce reductions. Employee council warns about possible strikes as tensions rise over companyʼs future