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Volkswagen boss hails cost-cutting deal but shares fall
Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to ...
Former Volkswagen CEO accuses judge of bias in Dieselgate case
Former Volkswagen Group chief executive Martin Winterkorn has accused the judge leading a criminal trial into the 77-year-old ...
Europe’s embattled auto sector plans plant closures and layoffs
Europe's top carmaker Volkswagen agreed a deal with unions on Dec. 20 to cut 35,000 jobs and to reduce factory output by ...
Nissan, Honda announce plans to merge, creating world's No. 3 automaker
Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world's third-largest ...
Just Auto1d
Volkswagen and IG Metall strike agreement on Germany cost cuts
VW said the agreement will achieve sustainable cost savings for Volkswagen AG of more than €15 billion per year in the medium term. Of this, over €4 billion per year will come from the present ...
VW Won’t Close 10 Plants After All Following Union Agreement
The German automaker and union leaders reached a labor deal to guarantee jobs until 2030, avoiding further mass worker ...
EV sales in Europe are growing—with one big Tesla-sized exception
New data shows that European EV sales have declined this year, but one big outlier appears to be dragging the rest of the ...
Paul Tan18h
Volkswagen to cut 35,000 jobs by 2030 – RM19 billion saving targeted, Germany output to drop by 734k units
Volkswagen will be cutting 35,000 jobs across its German locations by 2030, with the aim of saving 1.5 billion euros (RM7.03 ...