Volkswagen CEO addresses employees for the first time since details of mass layoff plan and factory closures made public; makes a ‘promise’ amid loud booing

Volkswagen CEO Oliver Blume faced opposition from employees in Wolfsburg this week. According to a report…

Volkswagen CFO says ‘too many layers, too many entities’ as Europe’s biggest carmaker doubles job-cut target to 100,000

VW’s Q2 operating profit slid nearly 10% to 3.5 billion euros as China sales collapsed, with…

Volkswagen considers 4 factory closures, 1 lakh job cuts amid China competition, tariff pressure: Report

The logo of German car manufacturer Volkswagen is pictured at Volkswagen’s transparent factory in Dresden, Germany,…