Alphabet's Google is providing key capabilities for an artificial intelligence assistant for Volkswagen drivers in a smartphone app, part of Google's strategy to win business by offering tools to buil
Porsche AG shares have been disappointing post-IPO, falling due to challenges in China and cautious market guidance despite initial gains. Germany's economic struggles, including a recession and relia
Volkswagen's CEO expects labour unions to make proposals on how to cut costs and close a gap with competitors, two days before talks over plant closures and new wage deals.
SAIC Volkswagen, responding to reports it would close its Nanjing plant, said on Saturday that adjusting its production base was "normal and necessary", Chinese media outlet Yicai reported.
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through this period of cost-cutting without site closures.
Germany's government was considering ways for it to support Volkswagen , German economy minister and vice-chancellor Robert Habeck said on Thursday when asked about the threat of job cuts at the count
An audit commissioned by Volkswagen into its jointly owned site in Xinjiang, China, failed to meet key aspects of the international standard the German carmaker's auditor said it had set for the proce
Union IG Metall repeated its demand that all Volkswagen plants in Germany needed to be kept and a new job security deal should be signed, in a flyer seen by Reuters on Thursday.
Volkswagen and its Chinese joint venture partner SAIC plan to close at least one plant in China due to slow demand for combustion engine cars, Bloomberg News reported on Wednesday, citing people famil
Volkswagen faces a crisis, with management warning of potential challenges within two years due to declining sales and market competition. The company plans to cut spending, adjust output, and possibl
Volkswagen's Audi is looking for an investor for its struggling Brussels plant, the premium brand's production director Gerd Walker said on Tuesday.
Stellantis has already taken measures and is working hard to avoid the risk of plant closures, as recently announced by rival Volkswagen , the carmaker's CEO Carlos Tavares said on Tuesday.
- Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025 - VWFS continues to lead VWGoA financi

Volkswagen May Cut 15,000 Jobs, Jefferies Says

12:12pm, Monday, 16'th Sep 2024
Volkswagen (VWAGY) may be set to slash at least 15,000 jobs, in an effort to cut costs as it battles against stiff competition.
Volkswagen may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker's management.
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