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International Motors sold 13,400 trucks and buses in the third quarter of 2025, a 57% decrease compared with 31,500 sales in the year-ago period, parent company Traton Group said Oct. 10.

Germany’s ruling coalition confirmed it will extend a tax exemption for new EVs as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.

Volkswagen AG is curbing volume and introducing temporary shutdowns at two German factories as demand for its electric vehicles grows more slowly than predicted.

Porsche and parent Volkswagen cut their outlook for the year, citing the sports-car maker taking a $2.2 billion hit to operating profit linked to pushing back the introduction of new EVs.

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

FRANKFURT, Germany — Volkswagen and its employee representatives said they reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030.

If insufficient progress is made on a deal by early Dec. 18, the board of union IG Metall is prepared to hold a vote at the end of the week to pave the way for 24-hour walkouts.

Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand.

Volkswagen Chairman Hans Dieter Pötsch said "politicians have given the industry targets without the necessary infrastructure being available."

Former Volkswagen AG CEO Martin Winterkorn has again rejected any blame for a 2015 scandal in which the company used a so-called defeat device to undermine carbon emission testing.