Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.
VW and workers face off in second round of talks over pay and plants
Volkswagen and its powerful unions will lock horns on Wednesday for a second time over management plans for plant closures and mass layoffs, as Europe's biggest automaker battles to cope with high costs and growing competition.
Volkswagen eyes pay cuts to achieve majority of savings, reports Handelsblatt
Volkswagen is looking to achieve the majority of its billion-euro savings drive through wage cuts, Handelsblatt reported on Tuesday, citing a board of directors document.
Volkswagen's Audi in talks with potential investor for Brussels site
Volkswagen's luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday.
Volkswagen's China boss sees EV discounts as 'part of the business'
Volkswagen sees discounts on electric vehicles in China as "part of the business," the German carmaker's China boss Ralf Brandstaetter said in an interview with Handelsblatt on Tuesday.
Volkswagen Stock Remains Undervalued Amid Cost-Cutting Moves
Volkswagen is taking bold actions to right-size its cost structure amid weak car sales and intense competition from Chinese EV manufacturers. Despite challenges, Volkswagen stock's undervaluation presents a significant investment opportunity, with valuable brands like Lamborghini, Porsche, and Audi under its umbrella. Management's proactive measures and a healthy balance sheet mitigate risks, ensuring the company remains competitive in a tough market.
Volkswagen to close Three Factories in Germany
Volkswagen plans to close at least three factories, cut thousands of jobs and slash wages as Europe's biggest automaker tries to halt its tailspin. @MonicaRaymunt reports from the company's headquarters in Wolfsburg, Germany Click Here More on Bloomberg Television and Markets Like this video?
Volkswagen mulls closing factories in Germany for the first time and cutting thousands of jobs to reduce costs
Volkswagen plans to close factories in Germany for the first time, a top union official said. The German carmaker is under intense pressure to cut costs amid sliding sales in China.
Reactions to Volkswagen labour chief warning of mass layoffs, plant closures in Germany
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 a deeper-than-expected overhaul, the carmaker's works council head said on Monday.
Volkswagen to close three German factories and lay off thousands of workers
Volkswagen, Europe's largest car manufacturer, is planning to permanently shrink the size of its German operations.
Volkswagen to axe thousands of jobs and cut staff pay
Volkswagen Group (XETRA:VOW) is set to cut thousands of jobs, reduce staff pay and close several factories in Germany under efforts to bring down costs, its union has signalled. Workers council head Daniella Cavallo warned on Monday that the company was lining up to close at least three sites in its home country under larger-than-expected cuts.
VW Plans Closing Three German Factories to Cut Costs
Volkswagen's top labor leader said the automaker plans to close at least three factories in Germany to reduce costs and become more competitive. Oliver Crook reports on Bloomberg Television.
