Latest News Updates From Monica Raymunt

BusinessEquipmentFuel

VW Delays Electric Golf as Cost Cuts Stall Factory Revamp

Volkswagen is facing delays to the launch of its electric Golf, a setback for the German carmaker thats grappling with a major restructuring, according to people familiar with the matter.

September 12, 2025
GovernmentBusinessEquipment

Audi Labor Chief Ties US Factory to Job Security in Germany

Audis labor leaders are willing to back an expansion in the country only if management gives long-term guarantees for jobs and output at home.

August 12, 2025
GovernmentBusinessTechnologyEquipment

Continental Cuts Margin Target Over Tariffs Ahead of Breakup

Continental lowered a profitability target for the year due to rising costs from U.S. tariffs as the German automotive supplier forges ahead with a plan to dismantle itself.

June 24, 2025
GovernmentBusinessEquipment

Continental Earnings Hit Four-Year High on Cost Cuts

Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.

May 6, 2025
BusinessTechnologyEquipment

Continental Appoints New CFO Ahead of Parts Makers Overhaul

Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.

April 25, 2025
BusinessTechnologyEquipment

Continental to Offload ContiTech Industrial Unit

Continental AG is returning to its roots, abandoning decades of expansion into auto and industrial parts to focus on its more profitable tires business.

April 8, 2025
BusinessTechnologyEquipment

Volkswagens Audi Will Cut 7,500 Jobs in Germany by 2029

The reductions, which correspond to 14% of the brands German workforce, wont affect factory workers.Audi must become faster, more agile and more efficient, said CEO Gernot D繹llner.

March 17, 2025
BusinessTechnologyEquipmentFuel

Volkswagen Introduces ID. EVERY1, Its Most Affordable EV

The model will offer more than 155 miles of range and is the last piece of the puzzle for VWs next-generation lineup, said Thomas Schaefer, CEO of the brand.

March 5, 2025
GovernmentBusinessEquipment

Continental to Pass Along Tariff Costs to Customers

Continental AG will try to pass on the cost of tariffs imposed by President Donald Trump to its customers, according to the German parts makers finance chief.

March 4, 2025
BusinessTechnologyEquipment

Continental Sees Tough Climate in Auto Units Spinoff Year

Continental AG said its automotive unit will struggle to increase sales this year as the German supplier pushes ahead with plans to spin off the ailing division despite the car industry downturn.

January 28, 2025