Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen Cuts Sales and Delivery Forecasts as Challenges Mount
The automaker now expects full-year sales to land somewhere between flat and a 3% decline, having previously guided for flat to 3% growth.
Volkswagen expects full-year revenue squeeze after quarterly profit slump
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
Volkswagen revises down 2026 sales forecast after Q2 profit slump
Volkswagen revised down its sales forecast for 2026 on Friday, now expecting a decline of up to 3%, after its operating profit slumped in the second quarter.
Volkswagen Strengthens Horizon Robotics Tie-Up to Advance Self-Driving Technology in China
Volkswagen's Carizon is deepening its partnership with Horizon Robotics to accelerate development of advanced automated driving technology.
Volkswagen's CARIZON and Horizon Robotics deepen self-driving partnership in China
Volkswagen said on Wednesday its China-based automated driving unit CARIZON will deepen its partnership with Horizon Robotics to speed up development of Level 3 and Level 4 self-driving technologies.
Volkswagen workers to grill CEO on cuts at staff assemblies in August
The works council of German carmaker Volkswagen said on Friday it will host extraordinary staff assemblies in August with CEO Oliver Blume, giving workers the opportunity to grill him on management plans to radically overhaul the company.
Volkswagen enters the robotaxi race with its first passenger service launch in Germany
Volkswagen's autonomous mobility arm, Moia, is launching a pilot robotaxi service in Hamburg. The company said it will start with 10 VW ID.
Volkswagen CEO says automaker weighing 50,000 additional job cuts
An internal memo reveals Volkswagen faces a 20% cost disadvantage, with up to 100,000 total job cuts now under consideration across all brands.
Volkswagen Warns It May Need to Cut 50,000 More Jobs
German automaker seeking to cut costs amid growing competition from China.
Volkswagen CEO threatens 50,000 more job cuts in memo to staff
Volkswagen could cut around 50,000 additional jobs based on calculations aimed at bringing the carmaker into line with the cost competitiveness of other companies, CEO Oliver Blume told staff in an internal memo seen by Reuters on Monday.
Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
Volkswagen's management plans to drastically reduce its model lineup and further cut capacity. The update followed a high-stakes boardroom showdown with the group's supervisory board.
Volkswagen Q2 deliveries fall 8.6% as demand in China slumps
Volkswagen reported a 8.6% decline in global deliveries in the second quarter on Friday, dragged by a drop in demand in the Chinese market.
