Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers to slavery-like conditions on a farm during the 1970s and 1980s, labour prosecutors said on Friday.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
In a stern warning to the automaker, the Indian government told a Mumbai court that quashing Volkswagen's demand to cancel a $1.4 billion tax bill would have "catastrophic consequences" and could encourage companies to withhold information and delay inquiries.
Volkswagen is set to recall 60,490 vehicles in the United States after the U.S. National Highway Traffic Safety Administration (NHTSA) identified a potential safety issue. The recall, which affects certain models, is due to a failure to display the gear position.
A lawyer for an Indian unit of German carmaker Volkswagen, said on Monday the country's $1.4 billion tax demand could become a matter of survival for its business in the country, as it continues to contest the order.
Volkswagen faces intensified strikes at German plants as workers protest wage cuts and closures amid union talks. With trust eroded, unions demand concessions, warning of longer strikes, while VW cites cost-cutting as essential to compete with cheaper Asian rivals.
Volkswagen workers in Germany will stage warning strikes over layoffs, wage cuts, and plant closures as talks with labour union IG Metall fail to reach a resolution.
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