The plan would accelerate VW's existing target to cut 50,000 jobs in Germany by 2030 and reduce domestic manufacturing capacity by 500,000 vehicles.
Volkswagen is upgraded to Strong Buy thanks to deep undervaluation, major restructuring, and significant turnaround potential following cyclical lows. VW's cost-cutting, $8.4B Everllence sale provides liquidity and strategic flexibility for transformation and future growth. Despite Q1 profit falling 14% and ongoing macro headwinds, VW targets 0–3% sales growth, 4–5.5% margin, and €3–6B net cash flow in 2026.
Volkswagen on Friday declined to comment on a report stating that it aims to slash up to 100,000 jobs from its current workforce worldwide over the next few years.
Volkswagen CEO Oliver Blume aims to slash up to 100,000 jobs from its current workforce worldwide over the next few years, Manager Magazin reported on Friday.
The automaker is selling a 51% stake in engine subsidiary Everllence as it seeks to streamline its investment portfolio.
Volkswagen has agreed to sell a 51% stake in marine engine unit Everllence to private equity firm Bain Capital in a deal that will generate proceeds at about €7.4 billion ($8.40 billion), the company said on Wednesday.
Volkswagen remains a 'BUY' with a reiterated €160 PT, reflecting deep value and 20%+ annual upside potential. VW's European market dominance, robust dealer network, and localized production create a formidable moat against Chinese EV entrants. Recent 1Q26 results demonstrate margin resilience, with operating profit up 38% YoY despite revenue declines and significant one-offs.
Volkswagen ETR: VOW3 used its 66th annual general meeting to outline a difficult but active 2025 fiscal year, with executives pointing to product launches, electric-vehicle momentum and restructuring progress while warning that tariffs, competition and geopolitical pressures continue to weigh on profitability.
The automaker is pushing ahead with plans to restructure amid rising geopolitical tensions, intense competitive pressure and growing trade barriers.
Volkswagen will pare back production of the open-top T-roc Cabrio SUV at its plant in Osnabrueck, Germany, a company spokesperson said on Tuesday, alarming employee representatives who have urged management to secure the plant's future.
Volkswagen is pressing ahead with sweeping job cuts and cost reductions in Germany as planned, shrinking its workforce by 19,000 by the end of the year, CEO Oliver Blume is set to tell investors at the upcoming AGM.
Volkswagen ETR: VOW3 reaffirmed its sustainability targets and outlined new circular economy initiatives during its eighth sustainability conference, with executives saying ESG remains embedded in the company's broader strategy despite a more difficult economic backdrop.