
Because of a potential steering defect, the company has to call millions of cars into workshops worldwide.
AI-generated summary
Volkswagen is the second largest car manufacturer in the world. The group has been under particular observation when it comes to quality issues since the diesel scandal about ten years ago.
Wolfsburg. Volkswagen is facing one of the largest recalls in its recent history. According to Handelsblatt information, the second largest car manufacturer in the world has to ask around four million vehicles to the workshops across the group because of a possible problem with the steering.
According to information from the Federal Motor Transport Authority, around 2.16 million vehicles worldwide are made by the Volkswagen brand. At Skoda there are more than a million vehicles, at Audi around 700,000 and at Seat around 200,000 vehicles, according to informed circles. This means that the campaign is on a scale that the company has not experienced since the diesel scandal around ten years ago. “It will be expensive,” says an insider familiar with the process.
The trigger is a single screw on the steering. “During internal quality checks, it was discovered that certain vehicles from various Volkswagen brand series may have a steering problem,” said a Volkswagen spokesman upon request.
Starting this summer, Lufthansa will again offer daily flights from Bremen to Frankfurt. In addition, almost four daily connections to Munich are planned. The connection is considered essential for the regional economy and science, even if more frequencies were desired.

In view of economic uncertainty and weak growth, German companies are increasingly using fixed-term employment contracts and flexibility instruments such as working time accounts. Economic pressure shapes the relationship between management and employees.
According to media reports, the chemical company BASF is interested in taking over its competitor Evonik. While Evonik shares rose significantly as a result of speculation, both companies held back from making official comments.

Isabel Schnabel's early departure from the ECB Executive Board is causing unrest. As a leading representative of the monetary policy “hawks”, she played a key role in shaping interest rate policy and always called for a determined fight against inflation.

According to the Financial Times, the chemical company BASF is said to have made a takeover offer for its competitor Evonik. While Evonik and the RAG Foundation did not comment on this, the stock market reacted with significant price gains for Evonik shares.

According to an EY Parthenon analysis, DAX companies have cut around 46,000 jobs worldwide. The 1.2 percent decline exceeds headcount reductions in France, Italy and Spain. Large companies and the auto industry are particularly affected by the cuts.