CEO says VW cost cutting necessary

VW cost cutting necessary after 'decades of structural problems', CEO tells paper
"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW," Blume told Sunday paper Bild am Sonntag. The head of Volkswagen's works council said last Monday that the carmaker plans to shut at ...
CEO says VW cost cutting necessary after ‘structural problems,’ Reuters reports
Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the
VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says
Volkswagen VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says. Share. Expand (BLOOMBERG/Bloomberg) November 03, 2024 06:08 PM
Volkswagen CEO says cost-cutting needed to fix "decades of structural problems": report
Volkswagen Chief Executive Oliver Blume (OTCPK:VLKAF)(OTC:VLKPF)(OTCPK:VWAGY)(OTCPK:VWAPY) said the auto giant’s cost-cutting plans cannot be avoided because it needs to fix “decades of structural problems” at the company,
VW boss Blume says company's cost-cutting goals are set
VW Group CEO Oliver Blume sees no alternative to tough cost-cutting measures at Volkswagen, according to an newspaper interview published on Sunday. "The goal for cost and capacity adjustments has been set,
VW demands 10% wage cuts to save jobs as profits plunge
Volkswagen on Wednesday reported a 42% drop in third-quarter profit to its lowest level in three years. "This highlights the ...
The New Scout: VW, Lawsuits, and My Commentary
"VW AG's decision to attempt to sell Scout vehicles direct to consumers and compete with its U.S. dealer partners is ...
VW Dealers And NADA Will Fight Scout Motors In Court Over Direct Sales
Scout Motors infuriated VW dealers across the United States last week when it confirmed that the upcoming Terra and Traveler ...
Scout Motors EVs will use Rivian-VW software and architecture
VW's new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal ...
VW Unveils Cost-Saving Plan That May Keep German Plants Open
Volkswagen AG said it’s seeking 10% pay cuts and other measures to shore up its struggling namesake brand, while avoiding ...
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Car dealers will challenge VW's attempt to sell Scouts directly to consumers
Volkswagen's Scout brand hasn't even launched and already it's in trouble. VW has said it wants to sell its new line of ...
VW may close plants in Germany for the first time in its history
Volkswagen, the largest employer in Germany, is facing increased competition from China and weakening demand.
The Coolest VW Models North America Never Got
The beauty of international manufacturers is sometimes not what is imported but what doesn't get imported. Here are some cool VWs not seen in North America.
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VW and workers face off in second round of talks over pay and plants
Volkswagen and its powerful unions will lock horns on Wednesday for a second time over management plans for plant closures ...
VW Workers Rally at German Car Plants Over Cost-Cutting Push
Volkswagen AG workers across Germany will pause production for roughly an hour on Monday to join rallies about the ...
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VW crisis threatens supply chain and rural Germany's future
Deutsche Welle writes that when Europe's largest car manufacturer weakens, it can pose a problem for many suppliers and, ...