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CEO says VW cost cutting necessary
VW cost cutting necessary after 'decades of structural problems', CEO tells paper
"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at
VW
," Blume told Sunday paper Bild am Sonntag. The head of Volkswagen's works council said last Monday that the carmaker plans to shut at ...
CEO says VW cost cutting necessary after ‘structural problems,’ Reuters reports
Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the
Volkswagen CEO Tells Publication Cost Cutting Necessary Amid "Structural Problems"
German carmaker Volkswagen, through its CEO Oliver Blume, revealed that the planned cost-cutting program the company announced was unavoidable to fix "decades of structural problems." Blume, in an interview with the publication Bild am Sonntag,
1d
VW resurrects the Scout name with this new truck and SUV—and here’s the big surprise
Remember the commercial truck maker called International Harvester that made rugged SUVs and trucks with the Scout name back ...
6d
VW demands 10% wage cuts to save jobs as profits plunge
Volkswagen on Wednesday reported a 42% drop in third-quarter profit to its lowest level in three years. "This highlights the ...
6d
on MSN
Scout Motors EVs will use Rivian-VW software and architecture
VW's new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal ...
Gadget on MSN
7h
VW goes farming with e-tractors in Africa
The GenFarm Project is an ecosystem of mobility solutions and e-powered mechanised farming services for rural areas.
8d
VW seeks unprecedented plant closings as auto crisis deepens
It will eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker ...
8d
The New Scout: VW, Lawsuits, and My Commentary
"VW AG's decision to attempt to sell Scout vehicles direct to consumers and compete with its U.S. dealer partners is ...
Reuters on MSN
6d
VW and workers face off in second round of talks over pay and plants
Volkswagen and its powerful unions will lock horns on Wednesday for a second time over management plans for plant closures ...
8d
VW may close plants in Germany for the first time in its history
Volkswagen, the largest employer in Germany, is facing increased competition from China and weakening demand.
ConsumerAffairs
8d
Car dealers will challenge VW's attempt to sell Scouts directly to consumers
Volkswagen's Scout brand hasn't even launched and already it's in trouble. VW has said it wants to sell its new line of ...
3d
on MSN
All Your Burning VW ID.Buzz Questions Answered
All VW ID. Buzz trims can charge at up to 200 kWh. That’s enough to allow the van to go from 10 percent to 80 percent in 26 ...
9d
VW Workers Rally at German Car Plants Over Cost-Cutting Push
Volkswagen AG workers across Germany will pause production for roughly an hour on Monday to join rallies about the ...
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Related topics
Volkswagen
China
Germany
Oliver Blume
Scout
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