For the first time ever, Volkswagen plans to shut the doors to a facility on its home turf. The company plans to close not one but at least three plants in Germany as it faces mounting pressure ...

BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. On Wednesday VW ...

Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published ...

Volkswagen said last month that the company’s half-year results indicated it would not achieve its target of 10 billion euros ($10.8 billion) in cost savings by 2026. The logo of Volkswagen is ...

BERLIN — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the ...

By Melissa Eddy Melissa Eddy covers Volkswagen and German business from Berlin. Volkswagen could shut down as many as three factories in Germany and lay off tens of thousands of workers as it ...

WOLFSBURG, Germany (Reuters) -Volkswagen asked its workers to take a 10% pay cut on Wednesday, arguing it was the only way that Europe's biggest carmaker could save jobs and remain competitive as ...

Daniel Cavallo, head of Volkswagen’s (VWAGY) works council, said that the car maker intends to shut down at least three factories in Germany, cut tens of thousands of jobs, and shrink its ...

LONDON, Oct 28 (Reuters) - Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it plots ...

Volkswagen is launching a new ID.3 model in China with an LFP battery pack as it looks to compete with lower-priced rivals. Chinese automakers like CATL and BYD dominate the LFP battery market ...