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The joint venture, known as RV Tech, said it has made solid progress on delivering the EV electrical and software platform that Volkswagen needs to compete with Tesla and Chinese rivals.

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

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.

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

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.

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.

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.

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

The reductions, which correspond to 14% of the brand’s German workforce, won’t affect factory workers. “Audi must become faster, more agile and more efficient,” said CEO Gernot Döllner.

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