An internal memo reveals Volkswagen faces a 20% cost disadvantage, with up to 100,000 total job cuts now under consideration across all brands.
German automaker seeking to cut costs amid growing competition from China.
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
Some of the world's biggest carmakers ​on Friday broadly won ‌the first stage of a mammoth legal battle over ​whether some of ​their diesel vehicles contained prohibited "defeat ⁠devices" wh
Skoda Auto, the Czech unit of Volkswagen , does not expect ​any direct impact from the parent ‌company's overhaul plan to cut capacity and model lines, the company said on Friday.
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 reported a ​8.6% decline in ‌global deliveries in the ​second quarter ​on Friday, dragged ⁠by a ​drop in ​demand in the Chinese market.
Volkswagen announces it could cut its vehicle line-up by as much as 50% - as labor groups urge clarity on potential job losses. Karen and Ian discuss.
The world's second-largest automaker plans to halve its lineup of cars as part of its second major overhaul in two years.
It said it will concentrate on the most attractive segments, and adjust production capacity to the current market reality, as it grapples with high costs and intensifying competition in and from China
Volkswagen management had little to show on Friday from talks with the group's stakeholders, laying bare the difficulties in overhauling Germany's ​creaking auto giant at a time of existential chall
Volkswagen is expected to cut up to 100,000 jobs and close as many as four manufacturing plants in Germany as part of sweeping cost-cutting plans. The company's board is set to present the proposals t
Volkswagen's proposal to slash tens of ​thousands more jobs and close factories faces a major test on Thursday as the groups that ‌control Europe's largest carmaker meet to discuss the plans, draw
Volkswagen's supervisory board will meet on July 9 to discuss what could become the carmaker's biggest transformation to date, marking a make-or-break moment for Chief Executive Oliver Blume in tackli
Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker's supervisory board to accept painful job ​cuts and factory closures as it stru
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