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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 ...
VW Boss: 'Decades of Structural Problems' Led to Crisis
Volkswagen CEO Oliver Blume says costs in Germany must be "massively reduced." VW Group profits fell 63.7% in Q3 2024 when sales decreased by 8.3%. Pay cuts are planned to avoid closing factories. To say Volkswagen is going through a rough patch would be an understatement.
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
18h
VW resurrects the Scout name with this new truck and SUV—and here’s the big surprise
Remember the commercial truck maker called International Harvester that made rugged SUVs and trucks with the Scout name back ...
5d
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 ...
7d
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 ...
7d
VW seeks unprecedented plant closings as auto crisis deepens
It will eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker ...
5d
on MSN
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 ...
Reuters on MSN
5d
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 ...
2d
on MSN
All Your Burning VW ID.Buzz Questions Answered
All VW ID. Buzz trims can charge at up to 200 kWh. That’s enough to allow the van to go from 10 percent to 80 percent in 26 ...
ConsumerAffairs
7d
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 ...
7d
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.
Cars.co.za
55m
VW Polo back in top 3! SA’s best-selling passenger vehicles
The VW Polo hit its best sales performance of the year to break back into the top 3 of SA's best-selling passenger vehicles ...
9h
on MSN
Waymo Is Now Worth $45 Billion, More Than Ford And Almost As Much As VW
Last week Waymo announced it had raised $5.6 billion in new capital at an undisclosed value. The financing round was led by ...
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