Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen cuts 2024 outlook on macroeconomic headwinds
Volkswagen on Friday cut its annual outlook, citing a weaker-than-expected performance of its passenger car division as well as a deteriorating macroeconomic environment.
Unions vow 'bitter resistance' as Volkswagen talks begin
Volkswagen bosses and workers' representatives started crunch talks Wednesday about the ailing German auto titan's drastic cost-cutting plans, with thousands of staff staging a protest and unions vowing "bitter resistance".
High costs, slowing China: VW's perilous road ahead
After Volkswagen's bombshell announcement earlier this month that it could close factories in Germany for the first time, company management and unions will begin tense talks on a new pay deal Wednesday.
Insight: VW labour clash spotlights Europe's car factory conundrum
Volkswagen's showdown with powerful labour leaders over how to tackle spiralling costs at underused German factories has triggered intense soul-searching about the root causes of the carmaker's problems.
'Darkest day': Volkswagen's trailblazing labour chief gears up for jobs battle
When labour unions step into the ring with Volkswagen executives on Wednesday to fight over job security and plant closures, it will mark the toughest test yet for the most powerful figure at the automaker behind its CEO: Daniela Cavallo.
Volkswagen starts key pay talks with unions in shadow of possible plant closures
Powerful trade unions and executives at Volkswagen will kick off talks over pay on Wednesday that are likely to determine how aggressively Europe's biggest automaker pursues layoffs and potential factory closures in Germany.
Google, Volkswagen partner on smartphone AI assistant
Alphabet's Google is providing key capabilities for an artificial intelligence assistant for Volkswagen drivers in a smartphone app, part of Google's strategy to win business by offering tools to build enterprise AI applications.
Volkswagen CEO expects significant concessions from unions in crunch talks
Volkswagen's CEO expects labour unions to make proposals on how to cut costs and close a gap with competitors, two days before talks over plant closures and new wage deals.
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through this period of cost-cutting without site closures.
Germany considering ways to support VW, economy minister says
Germany's government was considering ways for it to support Volkswagen , German economy minister and vice-chancellor Robert Habeck said on Thursday when asked about the threat of job cuts at the country's largest carmaker.
Volkswagen's audit of Xinjiang plant failed to meet international standard, FT reports
An audit commissioned by Volkswagen into its jointly owned site in Xinjiang, China, failed to meet key aspects of the international standard the German carmaker's auditor said it had set for the process, the Financial Times reported on Thursday.
IG Metall union calls for VW's German plants to remain
Union IG Metall repeated its demand that all Volkswagen plants in Germany needed to be kept and a new job security deal should be signed, in a flyer seen by Reuters on Thursday.
