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BERLIN — German carmaker Volkswagen plans to close plants in its home country for the first time in the company’s 87-year history, potentially leading to tens of thousands of layoffs, elected ...
Volkswagen VOW30.88%increase; green up pointing triangle is going through its deepest crisis in years. So is Germany. And that’s no coincidence. While the carmaker’s travails are exposing ...
Almost everybody in Wolfsburg in northern Germany works for VW, has family and friends there or their business depends on the company. Now, as the car giant is facing a crisis, an entire city is ...
As VW stumbles, its headquarters’ town — and Germany — shudder. In Volkswagen’s deepening troubles, a reflection of the mounting risks facing Germany. February 13, 2025. 5 min.
Car giant Volkswagen intends to close at least three plants in Germany and cut tens of thousands of jobs, the leader of the firm's works council told VW employees on Monday, prompting top ...
Volkswagen's restructuring of its Wolfsburg plant from 2027 to make way for EV-only production could result in a temporary four-day working week at the plant, works council chief Daniela Cavallo told ...
Volkswagen's half-year results indicate it will not achieve its target for 10 billion euros ($11 billion) in cost savings by 2026, the company said. The discussion around closures and layoffs is ...
Philadelphia’s Simeone Foundation Automotive Museum, working with the Volkswagen Group of America, is displaying “Das Museumsprogramm: Past, Present, and Future” through January 12. It’s ...
VW considers one car plant, one component plant in Germany obsolete -works council; Cost-cutting drive at namesake brand must be extended -VW; Management 'compelled' to end job security programme ...
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.