The CEO of Volkswagen revealed to a publication that the cost cutting measures in the company is necessary.
Ann Resuma
Nov 04, 2024
The German car giant -- whose 10 brands range from its core VW models to Seat, Skoda and Porsche -- has been hit hard by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
AFP News
Oct 30, 2024
Workers' representatives will update VW staff at all 10 German plants about management's latest savings proposals at 1000 GMT, with many bracing for news of thousands of job cuts.
AFP News
Oct 28, 2024
The carmaker faces mounting pressure to reduce expenses amid a challenging economic climate. Workers have slammed the management for allegedly failing to provide a clear future strategy.
Ann Resuma
Oct 28, 2024
Volkswagen is about to start discussions with unions over pay in the midst of possible plant closures.
Ann Resuma
Sep 25, 2024
German automotive giant warned it could take the unprecedented move of shutting down production sites, and threatened further job cuts as its savings plans stalled
AFP News
Sep 02, 2024
Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.
AFP News
Apr 16, 2024
Automakers have announced new EV concepts to showcase at CES 2023.
Frankie Negron
Jan 02, 2023
Porsche's Haru Oni plant in Chile produces carbon-free fuel from water, CO2 and wind.
Frankie Negron
Dec 21, 2022
The coming year will see a few models removed from the lineups of various car manufacturers.
Frankie Negron
Dec 12, 2022
2023 is packed with new models and these five are worth keeping a close eye on.
Frankie Negron
Dec 10, 2022
Volkswagen Group announces that it's flagship factory in Wolfsburg, Germany will have a $482 million initial investment focused on updating the factory for EVs.
Frankie Negron
Dec 07, 2022
VW Group CEO Oliver Blume will present a new strategy to the group's board in order to turn his predecessor's promises into deliverables.
Frankie Negron
Dec 06, 2022
Canada could be the home of Volkswagen's next battery cell production plant.
Frankie Negron
Dec 02, 2022
Lamborghini has released the Sterrato, a supercar designed for off-roading.
Frankie Negron
Nov 30, 2022
EV rivals threaten Tesla's control of the EV market.
Frankie Negron
Nov 29, 2022
VW Group sources reveal the company is in talks with Foxconn for a new factory.
Frankie Negron
Nov 29, 2022
Volkswagen Group pauses paid advertising on Twitter across all of its brands.
Frankie Negron
Nov 23, 2022
Volkswagen has yet to meet their sales goal in China due to the after-effects of lockdowns.
Frankie Negron
Nov 22, 2022
Volkswagen issued the recall for almost 225,000 vehicles, including certain Jetta, Atlas, Audi A3, and other models.
Cortney Drakeford
Nov 04, 2022
Volkswagen is ramping up its EV push with a $2.4 billion investment and a joint venture with a Chinese chip maker.
Manan Bhavnani
Oct 13, 2022
Tesla's grip on the battery electric vehicle market is strong, but a recent report says that will only last for two years.
Maggie Valenti
Jun 20, 2022