🍪 Cookies

We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Cookie Policy and Privacy Notice.

Cookies settings

Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.

If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.

If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies

Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns

Your retention will contact you in a few minutes with more information about this trading strategy.

{{ requiredField }}

{{ validEmail }}

{{ item.name }}
{{ item.dial_code }}

{{ validPhone }}

Your message was sent
Too many tries. Try in 2 minutes
locked content icon
This content is locked
to unlock it
return icon

Volkswagen's challenges in Germany do not endanger production in Slovakia

According to the latest reports, plant in Emden, northwest Germany, will remain closed for six weeks, which will affect Volkswagen's production of electric vehicles (EVs). Workers on the EV production line will have an extended summer holiday and one shift will be terminated for two weeks due to reduced demand of 30% in electric vehicles in Emden. The electric SUV ID.4 and the planned electric sedan ID.7 are among the models affected by the shutdown. However, production of models with internal combustion engines, such as the Passat, will continue as scheduled.

Volkswagen is experiencing serious problems

Manfred Wulff, head of the works council at the Emden plant, told the German news agency and Nordwest Zeitung that number of staff working on the plant will be reduced. Around 300 of the 1 500 temporary workers will not have their contracts extended, the company reported. These measures indicate that Volkswagen is facing serious problems due to the sales crisis.

Demand for Volkswagen's electric vehicles has dropped by 30% compared to the initially planned production volumes. Potential buyers of EVs are showing hesitation, which has led to postponing production of the ID.7 model from July 2023 to later this year.

Competition among electric car manufacturers is growing

Volkswagen's troubles have raised concerns among investors. The difficulties reach beyond the domestic economic recession, as rivals such as Tesla or Korean manufacturers are making rapid progress in the electric car market. In addition, there are concerns that Chinese manufacturers may overtake Volkswagen in the future. It is believed that Volkswagen is the least innovative of all manufacturers and is at risk of losing its customers. The company's conservative approach to electromobility does not address the real issues that customers struggle with.

Although Volkswagen has announced significant investments into transformation and renovation of the Emden plant for electric vehicles on the MEB platform, it seems that these investments may not be enough to compete with more innovative offerings on the market. Customers seeking EVs are looking for cutting-edge innovations and features that should be standard in the industry, such as 22 kWh home charging, standard heat pumps and DC charging with at least 170 kWh in all models.

The hope for incentives

Olaf Lies, Minister of Economic Affairs for the state of Lower Saxony, has called for a reduction in value-added tax (VAT) and other incentives for electric vehicles in order to compensata for the decline in sales. However, this solution may only have a local impact and may not completely solve the fundamental problems.

Volkswagen is facing downturn in China

VW produced 97,000 battery-electric vehicles between January and May this year, but only sold 73,000 of them. Sales in China, the company's biggest market and the world's largest plug-in vehicle market by volume, dropped in 25%.

Volkswagen is in a difficult situation and its ability to adapt and overcome these challenges remains rather uncertain. In the meantime, the company must find ways to manage these emerging issues and adapt to an increasingly competitive EV market.

A VW spokesman said to the Nordwest-Zeitung: "We are confident that utilization of the Emden plant will increase after the launch of the ID7 at the end of the year."

Impact on Slovakia

As long as production in Slovakia is concerned, there is currently no information to suggest that problems faced by the German subsidiary could have a direct impact on Slovak production. However, given the current situation, it is essential that the Slovak plant focuses on efficient management and adaptability to the changing market in order to remain competitive. Volkswagen should invest in innovation and improve its products in order to maintain its position in the electric vehicle sector.

Snímek obrazovky 2023-08-08 v 8.11.38

The start of 2021 marked a strong increase of Volkswagen shares, specifically by almost 70%.* Currently, the price is falling correctively while maintaining a long-term bullish trend, creating attractive investment opportunities for investors who plan to buy VW shares. [1]

Adam Austera, Chief Analyst at Ozios


* Past performance is no guarantee of future results


[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment, which may change. Such statements are not guarantees of future performance. They involve risks and other uncertainties that are difficult to predict. Results may differ materially from those expressed or implied by any forward-looking statements.


The material herein is considered as marketing communication under the relevant laws and regulations, and as such is not a subject to any prohibition on dealing ahead of the dissemination of investment research. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and should not be construed as containing investment advice, or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. The published content is intended for educational/informational purposes only. It does not take into account readers’ financial situation, personal experience or investment objectives. APME FX Trading Europe Ltd makes no representation that the information provided is accurate, current or complete; and therefore, assumes no liability for any losses arising from investments based on the supplied content. The past performance is not a guarantee of future results.

McDonald's and other major fast food brands – value for investors and outlook

According to the latest reports, plant in Emden, northwest Germany, will remain closed for six weeks, which will affect Volkswagen's production of electric vehicles (EVs). Workers on the EV production...

Netflix - the streaming giant continues to grow

According to the latest reports, plant in Emden, northwest Germany, will remain closed for six weeks, which will affect Volkswagen's production of electric vehicles (EVs). Workers on the EV production...

Renault has some work ahead

According to the latest reports, plant in Emden, northwest Germany, will remain closed for six weeks, which will affect Volkswagen's production of electric vehicles (EVs). Workers on the EV production...
We are also available at +357 25 054 734

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.51% of retail investor' accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosures.