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
Tag: Handelsblatt
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
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
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
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
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
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,
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
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
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,
German automaker BMW will raise its spending more on research and development next year, to 6.5 to 7 percent of sales, finance chief Nicolas Peter
Audi intends to cut expenses by 10 billion euros ($12 billion) by 2022 to construct fund a shift to electric vehicles as it looks for
BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily.
Volkswagen will probably select a new chief executive officer (CEO) from within the automaker’s own ranks, CEO Matthias Mueller told Handelsblatt. “I am presently in
German high-end automaker BMW Group will raise its yearly production capacity to 3 million cars by 2020 and plans to construct its X5 offroader in
