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The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”. ADVERTISE
Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports.It is the latest blow to the European car
STORY: Volkswagen workers offered to support $1.6 billion in cost savings on Wednesday (November 20). But that's only if the automaker rules out closing pla
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing the European car indust
Further talks are planned between Volkswagen and trade union leaders on Wednesday. ADVERTISEMENTVolkswagen's management wants to close at least thr
Earlier this month, CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layo
Germany’s economy minister and vice chancellor Robert Habeck said Thursday the government has plans to bail out Volkswagen (VW), the country’s leading car m
View of a stele with the Volkswagen logo in front of the plant building. The VW plant in Kassel is the second largest production facility of Volkswagen AG in Ge
Volkswagen Chairman Hans Dieter Pötsch said "politicians have given the industry targets without the necessary infrast
Chinese technology brands from Alibaba Group Holding to BYD make up a third of Euro 2024 football tournament’s 13 worldwide sponsors, an example of their grow
The baseline level of tariffs, calculated at 21%, would come on top of the EU’s existing 10% tariff on cars, the bloc said Wednesday.