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Volkswagen’s rebrand Volkswagen agreed in December to a €10 billion ($11 billion) cost-cutting plan to help turn the tide. The plan involves hacking staffing costs by up to a fifth.
Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.
Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.
Volkswagen’s extensive negotiations with unions, which went through five rounds before coming to a conclusion, resulted in a plan for 35,000 future job reductions that would focus on early ...
The MEB platform is part of a Volkswagen strategy to start production of new battery electric vehicles between 2019 and 2025. [4] In 2017, the VW Group announced a gradual transition from combustion engine to battery electric vehicles with all 300 models across 12 brands having an electric version by 2030.
WOLFSBURG, Germany (Reuters) -Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it ...
Volkswagen set plans to add a compact SUV with styling influences from the "Concept A" concept vehicle introduced at the 2006 Geneva Auto Show, and on 20 July 2006, Volkswagen announced that the new vehicle called the Tiguan.
In 2007, Volkswagen Group introduced a more flexible "modular component system" architecture on which to base future platforms. Four such component systems were planned: [ 5 ] However, models developed from these modular component systems may also be identified by PL/PQ platform designations.
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