Volkswagen Group - Truenewj

Bentley to cut jobs ahead of long-delayed EV launch

amefika3 months ago04 mins

British luxury carmaker Bentley Motors on Tuesday recorded its seventh consecutive year of profitability, but uncertain times mean the British luxury carmaker is cutting jobs ahead of its belated electric future. Bentley said the layoffs could affect 275 positions, or 10% of its non-manufacturing employees. Bentley framed the cuts as an efficiency measure linked to…

Volkswagen obtains financing to support hybrids and exports from Brazil

amefika7 months ago02 mins

Automobile and commercial vehicle manufacturer Volkswagen obtained 2.3 billion reais ($425.62 million) in financing from Brazil’s National Bank for Economic and Social Development (BNDES). The package includes credit lines aimed at accelerating the automaker’s development of hybrid vehicles and expanding the export activity of its operations in Brazil. Beyond accelerating Volkswagen’s range of hybrid vehicles,…