Workers and management hold second round of talks Volkswagen could shut plants for first time in Germany Q3 profit drops 42%, lowest in three years Hit by high costs, weak demand in China and ...

Volkswagen VOW3-1.16%decrease; red down pointing triangle said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China. The German ...

VW’s new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal architecture being developed by the joint venture between Rivian and ...

Copyright 2024 The Associated Press. All Rights Reserved. A Volkswagen logo of a car dealer is pictured in Neu-Anspach near Frankfurt, Germany, Wednesday, Oct. 30 ...

Volkswagen faces an unprecedented crisis, planning factory closures, job cuts, and wage reductions to stabilize operations. Europe’s largest automaker proposes a 10% wage cut for around 140,000 German ...

Volkswagen faces intense competition in China, slowing sales in other major markets and the need to navigate the costly transition to electric vehicles. Photo / Getty Images Volkswagen plans to ...

BERLIN — German carmaker Volkswagen plans to close plants in its home country for the first time in the company’s 87-year history, potentially leading to tens of thousands of layoffs ...

Volkswagen plans to close three German car factories, lay off thousands of German workers and cut salaries by 10% for those unaffected by the layoffs. VW’s works council leader Daniela Cavallo ...

Volkswagen is planning to shut at least three factories in Germany and lay off tens of thousands of staff. Its remaining plants in Germany are also set to be downsized, according to the head of ...

Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday ...

BERLIN — German car manufacturer Volkswagen is for the first time in its 87-year history planning to close production sites in its home market, the company's works council said Monday. The car giant, ...

Volkswagen's management wants to close at least three plants, cut tens of thousands of jobs, and also slash pay by 10% for remaining staff, according to a statement from staff representatives. The ...