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VOLKSWAGEN JOB CUTS
Volkswagen chief warns company's situation 'more than critical'Volkswagen's CEO warns of a critical state and major upheaval in the auto industry. The company faces significant challenges from global he...- As Opel turns to Chinese partners, its hometown frets about the futureStruggling like many other European automakers, Opel is expanding its partnership with Leapmotor to build a new SUV, tapping the Hangzhou-b...
- Mercedes, BMW, Volkswagen, Audi and Porsche are losing China to EV upstartsAs competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. ...
- JSW, Volkswagen plan new set of wheels to drive tie-upJSW Group plans a new entity for its Volkswagen alliance talks. This partnership will focus on mass-market VW and Skoda vehicles. Manufactu...
- BMW aims to cut 8,000 jobs by end 2027, source saysBMW plans voluntary redundancy for nearly half its German workforce. This move aims to reduce approximately eight thousand jobs by the end ...
- Porsche to cut another 5,000 jobsPorsche will eliminate another five thousand jobs by the year 2035. This decision follows previous job cuts and is part of restructuring me...
- Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...
- Volkswagen eyes JSW lifeline in India as group weighs majority stakeVolkswagen is in advanced discussions with India’s JSW Group for a local partnership. The German automaker seeks fresh capital and a strong...
- Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council saysVolkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten u...
- China's latest 'shock', German auto pain and the euro/yuan pressure cookerChina's export engine is posting a large trade surplus, defying global challenges and trade tensions. Chinese exports climbed significantly...
- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- Car crisis takes toll on Germany's young engineersGerman engineers like Max Peil struggle to find employment despite qualifications. The nation's automotive sector faces painful adjustments...
- Bankruptcy boom: Businesses going broke in Europe's biggest economyGermany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contr...
- Volkswagen rescue plan 'short on specifics' after tense stakeholder talksVolkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operat...
- Unions to protest as Volkswagen thrashes out job cut plansGerman auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global ...
- What are the key issues in Volkswagen's restructuring efforts?Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants...
- Volkswagen key shareholder pitches producing Chinese car models in GermanyGermany's Lower Saxony premier, a major Volkswagen shareholder, suggested producing China-developed models locally to secure jobs and boost...
- European shares slip as tech selloff bites, Zalando slidesEuropean markets retreated from record highs Friday, with tech stocks mirroring global weakness. Zalando shares plunged after a German prob...
- Volkswagen Law: The unique structure behind Europe's biggest carmakerVolkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistan...
- Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reportsVolkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...
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