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VOLKSWAGEN RESTRUCTURING
Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...- Volkswagen labour leaders stand by 'red line' on plant closuresIn a firm stand against potential factory closures in Germany, Volkswagen's labor representatives have voiced their commitment to preservin...
- Nissan to cut 10% Europe jobs, 900 roles at risk as global restructuring and Sunderland factory changes beginNissan is planning big job cuts in Europe as part of a global plan. The company wants to save money and improve its business. Changes are a...
- Volkswagen says to cut 50,000 jobs as profit slidesGerman auto giant Volkswagen will cut 50,000 jobs in Germany by 2030. This move comes as the company faces declining profits and intense co...
- Volkswagen offers early exits to India plant workers as it restructures operationsVolkswagen India is offering early retirement to its 2,300 factory workers as part of a broader restructuring to boost growth in the countr...
- Porsche CEO Blume to hand over reins next year, Bild reportsIn a significant shakeup, Porsche will appoint a new CEO next year, dissolving Oliver Blume's dual leadership role. The shift comes amid in...
- Volkswagen to overhaul India business amid market pressures, company memo showsVolkswagen Group is restructuring its India business amidst a $1.4 billion import tax demand and struggling market share. Skoda Auto, leadi...
- Porsche CEO Oliver Blume sees 'tough and long' road ahead in major product overhaulPorsche AG anticipates prolonged margin pressures due to a shift in its product strategy, prioritizing combustion engine models in response...
- Volkswagen takes 1.3-bn-euro hit from Trump tariffsVolkswagen faced a setback due to tariffs by US President Donald Trump. The tariffs cost the company 1.3 billion euros in the first half of...
- Volkswagen, union extend crunch talks over plant closures and pay cutsVolkswagen and its labor union are locked in intense negotiations to avert plant closures and pay cuts. Progress has been made, but a deal ...
- Volkswagen creates AI lab, in talks with potential partners for digital prototypesThe company has founded a new 'artificial intelligence lab' to generate new product ideas, including possible cooperation with companies in...
- Volkswagen to challenge Rivian, Ford with electric Scout SUVThe carmaker would invest around 100 million euros ($105.52 million) in the new brand, the people said, potentially seeking external fundin...
- Volkswagen CEO demands 'revolution' to tackle TeslaThe German group -- whose 12 brands include Audi, Porsche and Skoda -- is pumping 35 billion euros ($40 billion) into the shift to electric...
- Volkswagen draws up plans to carve out LamborghiniThey said the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long...
- Volkswagen rolls out 1-millionth car from Pune plant"The rollout of the 1-millionth car is an important milestone for us," said Gurpratap Boparai, managing director, Volkswagen India.
- Volkswagen group recasts structure to make quicker decisionsSkoda will manage the production and engineering operations of India-specific products for both the mass-market brands.
- VW group rejigs management in India; Gurpratap Boparai to take charge as MD from JanGerman auto major Volkswagen Group Tuesday announced management restructuring in India, as part of its plan to "sustainably strengthen its ...
- Volkswagen look to make India its future engineering hubIt is considering making India the lead country in defining future product portfolio for markets such as South America, the Middle East & R...
- Porsche cashes in on turnaround with consultancy businessPorsche Consulting's team of over 360 can draw on the carmaker's experience of recovering from the brink of insolvency two decades ago.
- Volkswagen, Sanyo to develop lithium-ion batteryVolkswagen AG will join forces with Japan's Sanyo Electric to develop a lithium-ion battery, a key component of hybrid and electric cars.
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