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German Economy, VW
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting without having to resort to site closures, reflecting concerns about the country's biggest carmaker.
What Volkswagen's woes say about Germany's economic future
Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. VW's faltering electric-vehicle strategy is adding to the company's revenue woes.
German Economy Minister Habeck convenes 'car summit'
In view of the crisis in the German automobile industry, Economy Minister Robert Habeck is inviting stakeholders to a "car summit" next Monday. Habeck has invited the automotive industry to an exchange on the current situation,
Germany considering ways to support VW, says economy minister
Germany's government is exploring ways to support Volkswagen amid potential job cuts. The carmaker plans to reduce costs due to high expenses and competition. Economy Minister Robert Habeck emphasized VW's importance and will visit a plant in Emden.
Automotive News
1d
VW could cut up to 30,000 jobs in Germany, report says
The cuts would hit hardest among the automaker's research and development activities in Germany where 4,000 to 6,000 jobs ...
13d
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year ...
4d
on MSN
Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not ...
Institute for Energy Research
9d
Volkswagen May Close Factories in Germany to Cut Costs and to Compete with China as the EV Transition Falters
Volkswagen, the leading automaker in Europe, is contemplating an unprecedented closure of its factories in Germany due to ...
Automotive News
2d
Germany's 69% slump in August EV sales drags on Europe's auto market
Europe-wide, EV market share has shrunk to 14 percent in the region through August, down from just over 15 percent as ...
Opinion
Chattanooga Times Free Press
11d
Opinion
Opinion: Potential news of closing VW factory in Germany may offer warnings for our local assembly plant
Local Volkswagen officials may not have been jolted but at least must have been shaken by the news that the German carmaker ...
5d
Volkswagen May Book up to $4.4 Billion in Provisions on Capacity Cuts, Jefferies Says
BERLIN (Reuters) -Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early ...
GlobalData on MSN
9d
Volkswagen scraps job guarantees in Germany
Volkswagen Group has said it is scrapping labour agreements in Germany in a move that could pave the way for job cuts at six ...
Chattanooga Times Free Press
8d
Volkswagen quits labor agreement, paving way for job cuts
The job security agreement between Volkswagen and the union, IG Metall, which represents workers in the automotive and other ...
Politico Europe
2d
Germany’s rude economic awakening
BERLIN — Germany is finally emerging from the first stage of economic grief: denial.
autoevolution
14h
Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom
Volkswagen's troubles seem to worsen as the German carmaker considers closing car plants in Europe, China, and the US, with ...
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