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Volkswagen is thinking of cutting up to 30,000 jobs to reduce costs and improve competitiveness with rivals such as Tesla. This was first reported by the German daily Handelsblatt reported
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BMW prepares major production cost cuts by the middle of the decade, one of the automaker’s board members said. “We will decrease the production costs per vehicle by 25% by 2025
Volkswagen’s luxury sports car unit Porsche AG may need to adjust production to reflect the continued shortage of automotive chips, Handelsblatt reported. “We cannot rule out that we will reduce
Daimler will reduce production and working hours at a second factory, as the automaker is having a hard time due to a global shortage of semiconductors, the Handelsblatt daily reported
German luxury automaker Daimler is preparing a stock market listing of its trucks division, business newspaper Handelsblatt reported, by mentioning company sources. The unit could be floated at the end
Volkswagen is replacing its head of software development, German newspaper Handelsblatt reported on Sunday, as the German automaker continues its transition to electric vehicles. The newspaper said Christian Senger, a
Volkswagen prepares to cut an extra 5,000 administrative jobs at its namesake brand by 2023 as part of a cost-cutting strategy, German daily Handelsblatt reported, citing unnamed sources. The job
Volkswagen’s core brand will seek cost and efficiency gains of nearly 6 billion euros ($6.8 bln) in order to raise the core brand’s operating margin to 6 percent by 2023,
The bosses of Volkswagen, BMW and Daimler are ready to join a meeting at the White House with the Trump administration, but have not yet received an official invitation, industry
The German government is committed to implementing tougher sanctions against companies that involved in criminal behavior, following Volkswagen’s diesel emissions scandal, the nation’s justice minister, Katarina Barley, said. In an
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