Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen goes head-to-head with workforce over proposed company cuts
Volkswagen management will face a tense and fearful workforce at a meeting in its headquarters on Wednesday as it proposes painful cuts, including factory closures in Germany, to hit an ambitious profit target at its namesake brand.
Volkswagen is rolling out its ChatGPT assistant to the US
Volkswagen is taking its ChatGPT voice assistant experiment on the road. Or more, specifically to vehicles it sells in the United States.
German economy minister is in contact with Volkswagen, says ministry official
German Economy Minister Robert Habeck is in contact with Volkswagen , a ministry official said on Tuesday, after the carmaker announced it was weighing the closure of plants in Germany and planning to scrap a job security scheme.
Volkswagen Warns of Possible Plant Closures, Job Cuts Amid Rising Competition
German automotive giant Volkswagen (VWAGY) is considering significant cost-cutting measures to restructure amid an "extremely tense" economic situation as it faces increasing international competition and pressure on profits as it transitions to producing more electric vehicles.
From peace-maker to taboo-breaker, VW boss Blume takes on the unions
Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player to tackle yet another tough opponent, Germany's powerful labour unions.
Volkswagen braces for showdown with unions after warning of possible German plant closures
German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its home country for the first time in its nearly 90-year history. Volkswagen's management is expected to lay out its plans before about 18,000 workers at a town hall meeting in Wolfsburg on Wednesday.
Exclusive: Volkswagen's CUPRA 'at risk' from planned EU tariffs, says brand CEO
An electric vehicle made in China by Volkswagen's CUPRA brand would be "wiped out" if the European Commission followed through with planned import tariffs of 21.3% on the vehicle, the brand's CEO told Reuters.
Former VW chief goes on trial nine years after dieselgate
Former Volkswagen Chief Executive Martin Winterkorn appeared in court on Tuesday on fraud charges over the so-called dieselgate scandal, nine years after the German carmaker was found to have rigged emissions tests.
Which Volkswagen factories in Germany could be affected by layoffs?
Volkswagen said it plans to end its job security programme -- which has been in place since 1994 and prevents job cuts until 2029 -- as it faces pressure from Asian competitors.
Ex-Volkswagen CEO faces trial over 'dieselgate'
Former Volkswagen CEO Martin Winterkorn is set to go on trial Tuesday for his role in the "dieselgate" scandal, nine years after the saga first plunged the German auto titan into crisis.
Volkswagen mulls first ever German factory closure
Volkswagen Group (XETRA:VOW) is contemplating closing two factories in Germany as it faces challenges in shifting from fossil fuel vehicles to electric models. The automaker has informed its works council that it may shut down a major vehicle manufacturing plant and a component factory to achieve cost savings.
Volkswagen Mulls German Plant Closures to Cut Costs
Volkswagen VOW3 1.25%increase; green up pointing triangle is weighing closures of vehicle production and component factories in Germany to cut costs as the carmaker faces increasingly stiff competition.
