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Volkswagen

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auto-detected in 102 stories

2 days ago

Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year

Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump i…

German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.

11 days ago

Given the recent news regarding its current financial predicament and plans to axe half its models, it's somewhat odd timing that VW would unveil a new electric vehicle. But it has...

12 days ago

Chief executive Oliver Blume outlined the plans in a memo to staff as he desperately bids to cut costs at Europe's largest car maker.

13 days ago

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

  • Business live – latest updates

The chief executive of Volkswagen has confirmed plans to cut 5…

The company had previously declined to comment on reports it was considering up to 100,000 job losses.

15 days ago

Europe's largest automaker is under unprecedented pressure to restructure ‌the business as it grapples with high costs, excess production capacity and declining sales in major markets.

16 days ago

The update followed a high-stakes boardroom showdown with the group's supervisory board.

17 days ago

Demonstrations at 18 sites set up as radical transformation plan put to board of Europe’s biggest carmaker

Volkswagen’s proposal to slash up to 100,000 jobs and close factories faces a major test on T…

18 days ago

VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs

  • Europe live – latest updates

The German car industry has warned of a potential collapse o…

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