Reuters18d
VW demands 10% wage cuts to save jobs as profits plunge
Workers and management hold second round of talks Volkswagen could shut plants for first time in Germany Q3 profit drops 42%, lowest in three years Hit by high costs, weak demand in China and ...
Wall Street Journal18d
Volkswagen in Drive to Cut Costs as Earnings Plunge
Volkswagen VOW3-1.16%decrease; red down pointing triangle said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China. The German ...
CNN19d
Europe’s biggest economy is in crisis. Just look at Volkswagen
A sharp drop in profit at Volkswagen only intensified the bad news on economic growth. The troubles facing the German economy are captured by the crisis at the country’s largest manufacturer ...
Associated Press19d
Volkswagen says cost cuts are urgently needed as its earnings decline sharply
Copyright 2024 The Associated Press. All Rights Reserved. A Volkswagen logo of a car dealer is pictured in Neu-Anspach near Frankfurt, Germany, Wednesday, Oct. 30 ...
Nasdaq19d
Identitii Ltd Triumphs in Patent Dispute and Expands Market
Identitii Ltd. (AU:ID8) has released an update. Identitii Ltd has achieved a significant victory as the USPTO upheld the validity of its patent against challenges from JP Morgan Chase. The company ...
Cars19d
Kuhn Volkswagen
Delivery of vehicle and signing of paperwork done in an hour. Highly recommend Lenny and Kuhn Volkswagen to family and friends! Dealt with Lenny Martinez from beginning to end. He made the entire ...
biznews.com20d
Volkswagen to close factories, cut wages as auto crisis deepens
Volkswagen faces an unprecedented crisis, planning factory closures, job cuts, and wage reductions to stabilize operations. Europe’s largest automaker proposes a 10% wage cut for around 140,000 German ...
Associated Press20d
Volkswagen’s employee council says the automaker plans to close at least 3 German plants
Copyright 2024 The Associated Press. All Rights Reserved. Employees stand at an information event organized by the General Works Council of Volkswagen AG at the VW ...
Reuters20d
VW labour chief sounds alarm on mass layoffs and three German plant closures
Volkswagen reiterated on Monday that restructuring was needed and said it would make concrete proposals on Wednesday. "Management is absolutely serious about all this. This is not sabre-rattling ...
The Washington Post21d
VW may close plants in Germany for the first time in its history
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 ...
Sky21d
Volkswagen plans to shut factories and lay off tens of thousands of workers
Volkswagen is planning to shut at least three factories in Germany and lay off tens of thousands of staff. Its remaining plants in Germany are also set to be downsized, according to the head of ...