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Volkswagen Suspends Work on Electric Golf
The works council said the freeze on preliminary ID.Golf spending will not delay the model’s launch as Volkswagen faces a €300 million cost shortfall.
- Volkswagen suspended development work on the upcoming all-electric Golf in Wolfsburg on Friday, according to an internal memo. "We simply can't afford this work right now," CEO Thomas Schaefer said.
- Management flagged a €300 million cost deficit at Wolfsburg, a sign of belt-tightening after the carmaker reported its largest quarterly loss in over a decade on Thursday.
- Development of the Golf is central to Volkswagen's next-generation SSP software architecture, designed to reduce complexity and improve EVs against Chinese rivals expanding in Europe.
- Tensions have escalated with union IG Metall, which is considering strikes from January 1, fueled by worker anger over restructuring plans and Audi's separate $4 billion U.S. investment decision.
- Europe's biggest carmaker continues pushing ahead with plans to cut 100,000 jobs and close up to four German plants, signaling the severity of financial pressures facing the automotive industry.
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12 Articles
12 Articles
After the VW ID. Polo and the ID. Tiguan, the ID. Golf would now be the next model to revive a more than known name electrically. But for the time being nothing will happen: The Wolfsburgers have put the development on ice.
·Vienna, Austria
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VW suspends development of new Golf at main plant under cost pressure ...
·London, United Kingdom
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VW is suspending the development of the electric ID.Golf for cost reasons. After the first loss of the quarter since 2020, Brand Chief Schäfer increases the pressure on savings – especially on the Wolfsburg plant.
·Düsseldorf, Germany
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Total News Sources12
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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