{"id":133515,"date":"2024-09-05T07:30:40","date_gmt":"2024-09-05T04:30:40","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns\/"},"modified":"2024-09-05T07:30:40","modified_gmt":"2024-09-05T04:30:40","slug":"volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns\/","title":{"rendered":"Volkswagen has \u2018a year, maybe two to turn around\u2019, financial chief warns"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/133515\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030. Volkswagen says it has \u201ca year, maybe two\u201d to adapt to a slump in European car sales, as it seeks to justify proposals to close factories in Germany for the first time in its history. Separately, the Swedish automaker Volvo said it had ditched a target to sell only electric cars by 2030, opting instead to continue selling some petrol vehicles alongside battery models.<\/p>\n<p>European carmakers are under pressure as they try to fund the switch from petrol and diesel to battery models. That ambition has come up against inconsistent demand, as well as increasing competition from China. Volkswagen told workers during a meeting at its Wolfsburg headquarters on Wednesday that it expected to sell 500,000 fewer vehicles than before the Covid pandemic, \u201cthe equivalent of around two plants\u201d, and predicted sales would not return to levels seen in 2019.<\/p>\n<p>Oliver Blume, Volkswagen Group\u2019s chief executive, said he felt \u201cemotional\u201d about the decision to close the factories to save billions of euros in costs. \u201cThe automotive industry has changed massively in the volume segment in just a few years. Together, we will implement appropriate measures to become more profitable. We are leading VW back to where the brand belongs \u2013 that is the responsibility of all of us,\u201d he said.<\/p>\n<p>Volkswagen disclosed the plans to shut two German factories \u2013 one making cars and one components \u2013 to its works council on Monday, prompting fury from staff representatives and politicians. Workers protested against the decision as they gathered to hear from management in Wolfsburg.The closure plans present a significant problem for the German chancellor, Olaf Scholz, whose governing coalition is under severe pressure after losing an election in the eastern state of Thuringia to Alternative f\u00fcr Deutschland. It was the first time a state election had been won by a far-right party since the Nazi period.<\/p>\n<p>Volkswagen was second only to Japan\u2019s Toyota in 2023 vehicle sales. More than any other company, VW is emblematic of Germany\u2019s mighty automotive industry, which has been one of the forces making the country Europe\u2019s industrial heart. It employs 300,000 people in Germany out of a global workforce of 650,000. However, Volkswagen and other European rivals were slow to embrace electric cars, which has put them at a disadvantage as rivals from China target Europe to sell their cheaper models.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/04\/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/04\/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns\">The Guardian<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/volkswagen-has-a-year-maybe-two-to-turn-around-financial-chief-warns\/\">Volkswagen has \u2018a year, maybe two to turn around\u2019, financial chief warns<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,1052,3628],"class_list":["post-133515","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-economy","tag-volkswagen"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/133515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=133515"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/133515\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=133515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=133515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=133515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}