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Volkswagen, VW
VW Targets Job Cuts in China to Lower Costs as Sales Slump
Volkswagen AG has begun to trim corporate jobs in China as it works to reduce overhead by a target of 20% globally over the next three years.
China, price cuts and costs: the fuel driving Volkswagen's crisis
While many of Volkswagen's challenges have plagued it for a while, two recent developments have made things worse.
Volkswagen denies plans to cut 30,000 staff from its workforce
CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029. View on euronews
VW Could Cut Up To 30,000 Jobs, R&D Might Take A Massive Hit
Reports indicate Volkswagen may cut up to 30,000 jobs amid financial pressures. VW denied that number, but declined to say how many employees might be let go. Some of the deepest cuts could be made to the research and development departments.
Volkswagen denies report that it is mulling 30,000 job cuts
Ailing German carmaker Volkswagen on Thursday declined a media report that it is planning to lay off up to 30,000 employees. "One thing is clear: Volkswagen has to reduce its costs at its German locations,
9h
Volkswagen Continues To Face Challenges In China, Rated Hold
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software ...
2d
Volkswagen plans stop to production at jointly-owned China plant
Volkswagen is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge ...
Electrek
2d
Volkswagen weighs another plant closure, this time in China as domestic EVs take control
Volkswagen is facing another possible plant closure, this time in China, the company’s largest market. Although China is VW’s ...
electrive
1d
Volkswagen-SAIC could close production site in China
Due to weak demand for cars with combustion engines, Volkswagen and its partner SAIC could close a factory in China. In the ...
2d
on MSN
Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports
Volkswagen and its Chinese joint venture partner SAIC plan to close at least one plant in China due to slow demand for ...
devdiscourse
1d
Volkswagen's Controversial Xinjiang Audit Sparks Investor Concerns
An audit of Volkswagen's site in Xinjiang, China, failed to meet international standards according to an FT report.
Electrek
1d
NIO (NIO) eyes buying Volkswagen plant in historic market shake up
China’s NIO (NIO) is considering buying Volkswagen’s Audi plant in Brussels. Volkswagen’s plant is at risk of being shut ...
2d
VW and China Partner SAIC Set to Close Plant as Sales Shrink
Volkswagen AG and its oldest Chinese partner plan to shutter one plant in China and possibly more in response to slowing ...
3h
Volkswagen's Crisis Is The Reflection Of Europe's Automotive Struggles
Europe’s biggest automaker, Volkswagen (OTC: VWAGY) is considering plant closures for the first time in its 87-year-old ...
Automotive News
2d
VW and China partner SAIC set to close car plant as sales shrink
VW and SAIC are cutting capacity and conducting a strategy review of the Skoda brand in China after a steep dropoff in sales.
1d
Volkswagen's audit of Xinjiang plant failed to meet international standard, FT reports
An audit commissioned by Volkswagen into its jointly owned site in Xinjiang, China, failed to meet key aspects of the ...
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