Volkswagen is to end its Auto 5000 project, which was launched seven years ago, and reintegrate the 4,200 employees of the subsidiary into the group, allowing it to make more flexible use of employees in the production of different models.
The Auto 5000 workers will from now on be paid in accordance with the group's collective pay agreement, which means that they will receive slightly more pay, Financial Times Deutschland reported. Negotiations are expected to be completed by 14 November.
The project was originally established to prevent the transfer of production to cheaper locations overseas
VW instead took on 5,000 new staff at salaries that were DM5,000 lower than those provided by the collective pay agreement but managers have repeatedly complained about the lack of flexibility at the group.
Electrical propulsion for vehicles and the rate at which it could displace the burning of fossil fuels remains a question subject to large uncertainties. In a new report exclusively produced for just-...
He may be fuelled by Marlboro rather than the sun's rays, but Fiat CEO Sergio Marchionne is seen as the ailing auto industry's own Superman, with ambitions to acquire both Chrysler and Opel. Mark Burs...
The plight of the automotive industry has dominated not only the business pages of the world's newspapers but also the front pages to such an extent recently, you'd think its performance was the sole ...
First quarter operating profit at Volkswagen Group's premium car unit Audi fell 29% to EUR363m as revenue fell 19% to EUR6.70bn....
SAIC Motor has posted a drop of almost 50% in first-quarter earnings though its RMB626.9m (US$91.8m) net profit reversed losses in the fourth quarter. The company posted a RMB1.24bn net profit in Q1 2...
While Volkswagen chief executive Martin Winterkorn praised cooperation with majority owner Porsche at the annual shareholders meeting today, media reports in Germany suggested VW was considering a tak...
Audi has decided to make its new Q3 small SUV in Barcelona, Spain, and has postponed any decision on making cars in the US where parent Volkswagen is building a new plant in Tennessee....
The sale of the Brazilian commercial vehicle business for about EUR600m to MAN helped the Volkswagen Group post an operating profit for the first quarter of 2009 of EUR312m, down 76% from EUR1,311m a ...
- THE WEEK THAT WAS - Scion and Ford workers' chop
- Analysis - Bull market for Lamborghini
- F23 2 Series Convertible & future BMWs
- Q&A – Delphi Chief Technology Officer, Jeff Owens
- Interview with Harman Connected Car division
- New Ford plant for Mexico & Prius rival - report
- Geneva premieres list - 6.6-litre BMW world debut
- Auto vacancies due to UK skills shortage - report
- GM's Opel promises Europe a "revolutionary" EV
- VW Group quality chief leaves