Volkswagen’s CEO and union leaders clash over deeper cost cuts
On the Dash:
VW CEO, Oliver Blume pushes for deeper cuts as VW's cost gap with European rivals remains unresolved
Labor and Lower Saxony hold board majority, setting up a...
TSLA370.59016.48%
GM78.270-1.04%
F12.100-0.17%
RIVN14.300-0.46%
CYD31.950-0.31%
HMC31.350-0.27%
TM181.490-1.85%
CVNA63.7800.74%
PAG204.0301.19%
LAD307.7701.7%
AN162.460-2.53%
GPI249.840-6.86%
ABG175.880-2.59%
SAH62.830-0.93%
TSLA370.59016.48%
GM78.270-1.04%
F12.100-0.17%
RIVN14.300-0.46%
CYD31.950-0.31%
HMC31.350-0.27%
TM181.490-1.85%
CVNA63.7800.74%
PAG204.0301.19%
LAD307.7701.7%
AN162.460-2.53%
GPI249.840-6.86%
ABG175.880-2.59%
SAH62.830-0.93%
TSLA370.59016.48%
GM78.270-1.04%
F12.100-0.17%
RIVN14.300-0.46%
CYD31.950-0.31%
HMC31.350-0.27%
TM181.490-1.85%
CVNA63.7800.74%
PAG204.0301.19%
LAD307.7701.7%
AN162.460-2.53%
GPI249.840-6.86%
ABG175.880-2.59%
SAH62.830-0.93%
Oliver Blume
Volkswagen workers slam board’s communication as 50,000 more job cuts loom
On the Dash:
Workers call board's communication "disastrous," citing an internal survey showing fear and uncertainty
Four German plants face competitive capacity concerns, though no closure decision has been made...
Porsche family urges Volkswagen to accelerate cost cuts amid rising competition
On the Dash:
Volkswagen is preparing additional capacity and cost reductions as it works to improve profitability and competitiveness in Europe.
A planned 500,000-unit capacity reduction could affect future production...
Volkswagen weighs deeper restructuring as CEO pushes for major cost cuts
On the Dash:
Volkswagen's restructuring reflects the growing financial pressure facing legacy automakers as Chinese competition and EV investments reshape the global market.
Continued cost-cutting could influence future product portfolios,...
Volkswagen weighs cutting up to 100,000 jobs, closing four German plants
On the Dash:
Volkswagen may cut up to 100,000 jobs, doubling a previously announced reduction target.
The automaker is considering closing four German plants, including facilities in Hanover, Zwickau, Emden...
VW will accelerate transition to electric vehicles, says CEO Oliver Blume
Volkswagen's new Chief Executive Officer, Oliver Blume, spoke at an internal conference on Thursday to mark the first official day of his tenure. During the conference, Blume made remarks suggesting...
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