Atlanta, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia, has issued its third U.S. auto Asset Backed Securities (ABS) offering of 2024 with
Volkswagen's supervisory board is leaning against closing large plants in Germany to tackle the carmaker's cost crisis, a report by business monthly manager magazin said on Thursday, though no final a
Volkswagen said Wednesday it is offering its newly unionized workers at its Tennessee assembly plant a 14% wage increase over four years and profit sharing.
Volkswagen's chief negotiator Arne Meiswinkel said on Monday that unions and management needed to find alternative pathways to a solution for its German plants after the company rejected a proposal pu
Volkswagen and labour representatives will hold a fourth round of talks over wage cuts and possible plant closures, in what has become an increasingly bitter standoff that will be flanked by strikes a
Factory shutdowns would be a wrong move by Volkswagen , German Chancellor Olaf Scholz said, adding that Europe's largest carmaker had a responsibility to its employees.
Brazilian labor prosecutors charged Volkswagen's local unit with subjecting farm workers to conditions akin to slavery decades ago and are seeking 165 million reais ($27.5 million) in damages, they sa
Volkswagen workers will go on extended strikes on Monday, stepping up a bitter dispute with management over layoffs and what would be the first factory closures on German soil for Europe's largest car
Volkswagen is recalling 4,616 vehicles in the U.S. over concerns that the high-voltage battery may overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on
Volkswagen CEO Oliver Blume on Wednesday called union proposals for cost savings "a starting point" but said they were not sufficient enough to defend the carmaker's future.
Atlanta, Dec. 03, 2024 (GLOBE NEWSWIRE) -- “Porsche X Iron Dames – because every dream matters” is a slogan that represents the close collaboration between Porsche Motorsport and the renowned in
Almost 100,000 workers joined walkouts at Volkswagen's German plants on Monday in protest at management plans to cut wages and even close sites at Europe's biggest carmaker, the IG Metall union said,
VWAGY faces labor strikes at plants across Germany after it declined to rule out workforce reductions and potential plant closures in its home market.
Thousands of workers at Volkswagen sites across Germany participated in warning strikes on Monday as a conflict with management escalated over the carmaker's plans to slash jobs, cut pay and close fac
Volkswagen Group (ETR: VOW3) is in focus this morning after its workers announced a “warning strike” in Germany. On Monday, the automaker's employees at nine of its nationwide car and component fa
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