Audi plans to cut 7,500 jobs in Germany by 2029 to reduce costs, part of Volkswagen Group’s broader layoffs totaling 48,000.

Audi, a subsidiary of German auto giant Volkswagen, gave several factors for closing the Brussels plant, the largest private employer in the Belgian capital. It had switched to producing EVs in ...

Losses in China and cost of closing Audi plant in Brussels outstripping growth in South America and sales revenue in North ...

BERLIN (Reuters) - Volkswagen's Audi will cut up to 7,500 ... key markets and the cost of ceasing production at its struggling Brussels plant. It is reporting its full-year annual results for ...

Volkswagen sales stagnated at nine million cars in 2024. Despite the mild slump in sales, profits fell by almost a third.

Volkswagen's once highly profitable Chinese market generated significantly lower earnings, while additional costs were incurred, including expenses related to the closure of Audi's Brussels plant.

The German auto giant’s earnings fell last year as it pushed ahead with a restructuring in the face of tariff uncertainty in ...

German carmaker giant Volkswagen reported a 15% fall in its operating profit in 2024 compared to the previous year due to ...

Volkswagen's bottom-line net profits tumbled ... including expenses related to the closure of luxury brand Audi's Brussels plant. The company's annual operating profit fell 15% year-on-year ...