International Finance Magazine’s Post

The Future of Electric Mobility: Collaboration Between Renault and Volkswagen  In a significant development for the automotive industry, Renault and Volkswagen are engaging in pivotal negotiations to share technology for affordable electric vehicles. This strategic partnership is a clear indication of the industry's commitment to advancing the electrification of mobility. Renault is leveraging its expertise with a potential revamp of the iconic Twingo, now under the 'Legend' moniker, to provide affordable electric options. Meanwhile, Volkswagen is focusing on launching new electric models starting at 25,000 euros, to be produced in Martorell and Pamplona. This collaboration could introduce a unique blend of French engineering and Spanish flair, possibly leading to a Seat-branded Twingo. #electricvehicles   #sustainablemobility   #renault   #volkswagen   #automotiveinnovation   #futureofmobility #ev #electriccar #electricvehicles

Volkswagen is considering the closure of its Audi plant in Brussels, citing a notable decrease in demand for high-end electric vehicles (EVs). This decision could impact around 3,000 employees and marks a significant shift in the European EV market. The decline of the Audi Q8 e-tron, introduced in 2018, has led VW to potentially end its production by 2025. The Brussels site faces high logistics costs and structural challenges. Explore more about this industry shift at https://lnkd.in/ds3MHzyt

What's New to The Street... Driving forward with resilience: Volkswagen shows mixed results with a lower operating margin and profit for Audi, yet increased profitability at its flagship division. Adapting to challenges while staying focused on innovation and growth. 🚗💼 #Volkswagen #AutomotiveIndustry #ResilienceInMotion #businessnews #business #news #newtothestreet

What's New to The Street... Driving forward with resilience: Volkswagen shows mixed results with a lower operating margin and profit for Audi, yet increased profitability at its flagship division. Adapting to challenges while staying focused on innovation and growth. 🚗💼 #Volkswagen #AutomotiveIndustry #ResilienceInMotion #businessnews #business #news #newtothestreet

🚗📈 Volkswagen AG ($VOW) stands as a beacon of excellence in the automotive industry, consistently showcasing impressive growth and innovation. Recently, VW reported robust financial results with a revenue of €62.7 billion in Q1 2024, reflecting their strong market position and consumer trust. Their strategic investments in defense technology further diversify their portfolio, demonstrating their commitment to innovation and long-term growth. 🌍🔋 Volkswagen's success isn't just limited to their namesake brand. They own an array of renowned car brands, including Audi, Porsche, Lamborghini, and Bentley, each contributing significantly to their market strength and revenue streams. This diverse brand portfolio ensures a wide market reach and resilience against market fluctuations. Investing in VW stock is not just about backing a leading automaker; it's about supporting a dynamic company with a vision for a sustainable and innovative future. 🚘🌱 #Volkswagen #Investing #AutomotiveIndustry #Innovation #Sustainability #StockMarket #VWGroup

The Renault-Nissan alliance, once a powerhouse under Carlos Ghosn, hinted at a new era for auto business strategy. Now, imagine the impact of a Nissan-Honda alliance. This potential partnership could signal a fresh wave of consolidation in Japan's auto industry https://bit.ly/3JbJlp2 #AutoIndustry #NissanHondaAlliance

🚗 Renault, VW End Talks on Affordable EV Project ⚡ [This was supposed to be one of the main answers to the low priced Chinese BEVs] 👥 Missed Opportunity: Renault Group and Volkswagen have ended their discussions to jointly develop an affordable full-electric Twingo, a potential partnership that could have united European giants against Asian rivals. 💰 Cost Challenges: Sharing the work aimed to cut costs, a key hurdle for European automakers facing cheaper Chinese EVs entering the market. 🔜 Next Steps: Renault will continue developing its electric Twingo alone, targeting a sub-€20,000 price tag for a 2026 launch, while VW may pursue its own affordable EV solution. 💼 CEO Perspective: Renault CEO Luca de Meo expressed regret over the "lost opportunity" for European industry collaboration but remains open to future partnerships. #Renault #Volkswagen #EVs #Automotive #Collaboration #AffordableEVs https://lnkd.in/e97TVFUv

Check out this video on AUDI AG's high-tech Assembly Line in #Brussels, detailing the production process from start to finish for the AUDI AG e-tron, and AUDI AG's A4, A6 and A7 🚗🏭 Just goes to show you how many components and processes are used in an #automotive assembly line. Wonder how many individual #suppliers are used here? 🤔 If you're in the #automotiveindustry or just share a love for #cars and #tech, it would be great to #connect with you! Feel free to drop a comment, send a message, or connect with me directly! 🤝 #AudiProduction #AutomotiveManufacturing #BehindTheScenes #Innovation #FactoryTour #Engineering #AutomotiveTechnology #Manufacturing #GermanEngineering #Production #IndustryInsights #LuxuryCars #AutomotiveIndustry #LinkedInEngagement #Connect #Audi #OEM Audi UK

„💪 Three aspects give us confidence for 2024 - that is the message from today's Annual Media Conference.  ✅ The debut of our electric premium platform #PPE in Porsche and Audi models, which stands for performance, flexibility and scalability in the premium & luxury segments. ✅ A record number of #product #launches with more than 30 models, including new electric cars such as the Porsche AG Macan Electric, the AUDI AG Q6 e-tron, the Volkswagen ID.7 & ID.7 Tourer and the CUPRA Tavascan. ✅ Strong #regional #strategies in China, North America and Europe, which are further unfolding to increase our robustness. Our CEO Oliver Blume says: "With inspiring products and a clear, strategic focus on implementation, we are looking confidently into the financial year 2024. Volkswagen Group is entering the long-distance race of transformation from a position of strength. At the same time, we are aware of our challenges and are tackling them consistently to leverage the enormous potential of Volkswagen Group." 👀 Stay tuned for more insights into our strategy in the coming days!“

... bringing you another perspective on the industry without too much beating around the bush...   Reading the article below "VW ends talks with Renault on Low-Cost EVs," I recall the period when PSA engaged in multiple collaborations with other automakers across various segments, more opportunistically than strategically. This was before the near bankruptcy of the company.   Renault, a company that I always keep in my thoughts, has been weakening in recent years in its Alliance with its current partners, missing out on significant cost-sharing opportunities. As a result, Renault is desperately seeking any other cooperation opportunity to be able to introduce new models. This is a clear example of the idea of turning to VW to make its new Twingo feasible. This search for partnership has become more opportunistic than strategic as it is done on Renault’s Core Business, on Renault’s tree Trunk.   The Automobile Industry is like a tree with roots, a trunk, and branches. - The Root is the identity, DNA, the raison d'être. - The trunk is the backbone, the skeleton, and therefore must be 100% under the control of the Company to secure cost and major investment management, but especially Strategic Decisions. - The branches are Collaborations and Joint Ventures, in various forms and different control modes. If a branch dies, the tree does not die.   Renault's current fragility stems from the fact that Renault is selling a part of its backbone and dividing the Tree Trunk into several pieces. This sharing with partners of all kinds on the Core Business weakens Renault's autonomy in strategic decisions. This enlarges the risk of losing control over the Core Business and especially cost management in the long run.   The sale of half of the gasoline and hybrid engine activities (HORSE), as well as the intention to sell a significant portion of the Electric activities (AMPERE), both representing the core of the Automotive Business, certainly brings an immediate gain in short-term profitability but limits Renault in all its strategic decisions in technologies, sourcing, engineering... for the future... the Tree Trunk control.   This is the complete opposite of what STELLANTIS, TOYOTA, VW, HYUNDAI... are doing. These companies consolidate the Tree Trunk by retaining total control over decisions and costs but develop several collaborations on the branches of the Tree, which multiplies future opportunities without compromising their Sovereignty.