The Cholet and Vannes plants have been struggling with the structural changes in the passenger car, light truck, and truck ...

"The Volkswagen Group is fully committed to China, the powerhouse of the global automotive industry. We have a clear ambition ...

Volkswagen is planning to implement significant cost reductions methods to enhance competitiveness and maintain sustainability.

On Sunday, November 3, 2024, the German newspaper Bild am Sonntag published a recent interview it had with Volkswagen CEO Oliver Blume in which he revealed that his company’s recent struggles stem ...

High labor costs and lower sales have created the perfect storm.

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Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the ...

BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural ...

Volkswagen wants to cut the wages of its 120,000 employees in Germany by almost 20 percent, thereby saving €2 billion a year.

T he spectre of deindustrialisation has long haunted Germany. Russia’s full-scale invasion of Ukraine in 2022 caused energy ...

Volkswagen plans to close at least three manufacturing plants in Germany, according to the head of the company's employee ...

Volkswagen (VWAGY) has reported a 42% drop in operating profit for the July to September quarter, and its worst operating margin since the COVID-19 pandemic forced it to halt production.