"The cost reductions planned so far are not enough," said VW chief financial officer Arno Antlitz. "We need to fundamentally change our business model and achieve structural, sustainable improvements - in all areas and at all levels. If we fail to do that, we will jeopardise our future."
The Tesla Model Y was Europe's most popular electric car in 2025, leading all EV models by a wide margin despite a year marked by production transition, intensifying competition, and anti-Elon Musk sentiments. The result highlights the Model Y's continued strength in the region even as Volkswagen overtook Tesla as the top-selling EV brand overall. As per data compiled by JATO Dynamics and reported by Swedish outlet Allt om Elbil, the Tesla Model Y recorded 149,805 registrations across Europe in 2025.
Before LGBTQ+-themed commercials became common during the Super Bowl - from lesbian weddings for Volkswagen and drag queens for Sabra hummus, to gay dads for Coca-Cola - there was Gay Vague. Back in 1997, when comedian Ellen DeGeneres changed TV history and came out as gay on her sitcom and in life, I wrote in Advertising Age how Volkswagen (VW) ran a commercial with two guys who pick up a used chair to take home together.
Starting on November 18th, Volkswagen owners in the U.S. and Canada will be able to plug into one of more than 25,000 supported Superchargers across North America. This is a pretty major upgrade for VW drivers. For comparison, the vehicles currently have access to about 5,000 DC Fast Charging sites through VW's partnership with Electrify America. Of course it also has access to any other DC Fast Charger available publicly as well, but Tesla's massive network opens up significant more charging opportunities for owners.
Volkswagen has signalled that its annual profit targets are at risk without sufficient computer chips, in the latest sign that an expected shortage of semiconductors from China could hit carmakers across Europe. The struggling German automotive firm said a series of cost cuts and new model launches were helping to offset a slump in Chinese demand, but it added that forecasts were based on the adequate availability of semiconductors.
Blume also serves as the CEO of Porsche parent company Volkswagen, where he will remain in charge. Blume's dual role at the top of two major auto brands had drawn criticism. Blume has been chief executive of Porsche since 2015 and has served in the dual role as VW CEO since 2022Image: Ronny Hartmann/AFP via Getty Images Oliver Blume is to step down as the CEO of German sports carmaker Porsche, the firm said on Friday.
The restoration of Azul, a 1977 T2 Bus, symbolizes hope and resilience after the Malibu wildfires, reminding us of community strength.