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VOLKSWAGEN TRANSFORMATION PLAN
PayPal cuts 220 India jobs as part of previously announced restructuring plan, source saysPayPal has cut around 220 jobs in India as part of a broader, multi-year transformation aimed at simplifying operations and reducing costs....- Volkswagen to cut 100,000 jobs by end of decade in biggest restructuring in global auto industryVolkswagen has approved plans to cut 100,000 jobs by the end of the decade, marking the biggest restructuring in the global auto industry. ...
- 50,000 Volkswagen jobs could be at risk — and thousands of angry workers are pushing back against the CEO's planVolkswagen employees express significant concerns over proposed job reductions and factory shutdowns as CEO Oliver Blume unveils restructur...
- TCS to buy Porsche's IT unit, bags five-year deal worth $1.4 billionTCS Porsche IT unit acquisition: Porsche is a net new client for TCS and the deal will be a fresh one for the company. The acquisition will...
- 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...
- Bosch Home to start AC exports from India in two years: CEO & President Jan BrockmannBosch Home Comfort Group will begin India exports within two years, aiming for global manufacturing. The company is investing eighty millio...
- 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 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 to launch imported electric SUV ID.4 in India to test market readinessVolkswagen plans to launch the all-electric ID.4 SUV in India to test consumer readiness. The company aims to bring cars from its global po...
- Volkswagen sets 5-7% revenue growth target, preaches cost disciplineThe German carmaker has set "performance programmes" for each brand, allocating them capital and setting a specific return on sales target,...
- Volkswagen, top shareholder strike framework deal for Porsche IPOIn case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to ...
- Volkswagen cranks up electric car investmentFrankfurt, Dec 9, 2021 - German auto giant Volkswagen said on Thursday that it would bulk up its investment in electric vehicles and digita...
- With the launch of new SUVs, Volkswagen looks to post 58% in 2021With full-year sales of the Taigun and Tiguan coming in next year, coupled with the launch of a new sedan based on the same platform as the...
- Volkswagen to buy credits from Tesla in China to comply with environmental rules, say sourcesThe deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task Volkswagen faces in tra...
- Volkswagen looks to electric vehicles, cost cuts for profit recoveryVolkswagen aims to more than double deliveries of electric vehicles to 1 million this year, it said, adding it would also apply a standardi...
- Volkswagen targets profit recovery as speeds transformationThe comments come a day after Volkswagen unveiled plans to build half a dozen battery cell plants in Europe and expand infrastructure for c...
- Volkswagen takes aim at Tesla with own European gigafactoriesThe world's No. 2 carmaker, which is in the midst of a major shift towards battery-powered cars, said on Monday it wants to have six batter...
- Volkswagen to soon launch ID.4 electric SUV, India entry not on the cardsThe Indian market is not yet ready for VW to sell its electric vehicles (EV) as the country lacks key infrastructure and EVs remain too exp...
- Volkswagen Group to expand production of EVs worldwide on a massive scaleThe contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly, th...
- Indian consumer is extremely value conscious: Lutz Kothe, Volkswagen Passenger CarsThe digital and the social media are extremely important tools for Volkswagen not only in the global marketing sphere but in India as well.
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