Cost cutting necessary after 'decades of structural problems: Volkswagen CEO

Volkswagen plans to cut costs to address long-standing structural issues. CEO Oliver Blume said weak market demand in Europe and lower earnings from China highlight these problems, according to a detailed report by Reuters. Volkswagen may close three …

Big car companies like Volkswagen-Mercedes face tough challenge in China

China, the largest market for automobiles, has created a stir in the auto industry around the world. European companies like Volkswagen, Mercedes-Benz, Aston Martin, BMW are finding it difficult to sell their petrol and EV cars in China. At the same time, …

Volkswagen cost-cutting unavoidable

BERLIN — Volkswagen's planned cost-cutting was unavoidable in order to remedy "decades of structural problems" at the German carmaker, Chief Executive Officer Oliver Blume said in an interview published on Sunday. "The weak market demand …

2025 Volkswagen ID.7 Smart air vents

Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’

Zwickau gained its nickname as the Detroit of east Germany thanks to the picturesque city’s pioneering role in the country’s mighty automobile industry, which is now facing a mortal threat from downsizing at Volkswagen. Like the Michigan metropolis, the …

Renault, Volkswagen, Stellantis, Geely set to bring more brands to Korea

An Alpine A110 R Ultime car is displayed during the media day at the 2024 Paris Auto Show in Paris, France, Oct. 14. Reuters-Yonhap Alpine's A110 sports coupe available for sale by end of 2024 By Lee Min-hyung A group of global carmakers — Renault, …

Volkswagen reduces employees, shuts down factories

(MENAFN) Volkswagen is seeking to shrink its workers across Germany and close multiple manufactures in the nation. Its aim is to decrease costs and increase profit on sales, according to the head of the carmaker’s Works Council. Daniella Cavallo elaborated …

Management complacency lies at the heart of Volkswagen’s mess

Open this photo in gallery:A person carries luggage near the Volkswagen power plant in Wolfsburg, Germany on Oct. 30. The impending shuttering of factories for the first time in VW’s 95-year history hint at much deeper cracks in the country’s automaking …

Volkswagen mulls to cut worker anniversary bonuses amid pay dispute

Anniversary bonus payments to long-time Volkswagen employees are among the many pay perks company bosses want to slash as part of deep cuts at the German automaker, a VW spokeswoman confirmed to dpa on Saturday. VW has threatened to close plants in Germany …

2025 Volkswagen ID.Buzz EV is a modern-day homage

The 2025 Volkswagen ID.Buzz is more than an homage to another era. It’s representative of Volkswagen’s American market conundrum. The German automaker is celebrating its 75th year in America, an astounding feat of marketing for a company established by …