Right before Christmas, Volkswagen reached an agreement with German unions to reduce its workforce by over 35,000 people by 2030 through a "socially responsible reduction" program. This drastic decision is part of a broader plan to cut costs in the company's domestic market.
For all its talk of radical change, Volkswagen’s (VOWG_p.DE) cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details disclosed by company sources.
A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress
Germany Volkswagen's $60 billion investment in combustion engines focuses on sustainability and synthetic fuels, shaping the future of the automotive industry and EV transition.
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.
Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,
BERLIN (Reuters) - For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers ...
German industry has for years called out high energy prices and poor economic policies for making them uncompetitive. A coalition of SMEs is now saying enough is enough.
Volkswagen AG (OTCMKTS:VWAPY – Get Free Report) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 206,600 shares, a growth of 560.
In the early 2000s, the complaints were similar...We missed that underneath the surface many things were changing,” says Jens Ulbrich, chief economist at the Bundesbank, Germany’s central bank. Back then,
By bno - Taipei Bureau Volkswagen is considering allowing Chinese carmakers to take over its surplus production lines in Europe as it faces declining demand and increasing competition from the same companies looking to expand their presence in the region.