Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at cutting over $4.3 billion. The announcement signals a significant shift for ...

Volkswagen is bracing for a more intense restructuring plan than initially anticipated, which could result in tens of thousands of job cuts among its German workforce — marking one of the ...

BERLIN -- Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the ...

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory ...

By Melissa Eddy Melissa Eddy covers Volkswagen and German business from Berlin. Volkswagen could shut down as many as three factories in Germany and lay off tens of thousands of workers as it ...

WOLFSBURG, Germany (Reuters) -Volkswagen asked its workers to take a 10% pay cut on Wednesday, arguing it was the only way that Europe's biggest carmaker could save jobs and remain competitive as ...

Analyst Daniel Schwarz of Stifel Nicolaus maintained a Buy rating on Volkswagen (0P6O – Research Report), retaining the price target of €135.00. Daniel Schwarz has given his Buy rating due to ...

By Keith Bradsher Reporting from Urumqi, the capital of China’s Xinjiang region The high walls of industrial buildings at Volkswagen’s assembly plant in the heart of northwest China’s ...

Delivery of vehicle and signing of paperwork done in an hour. Highly recommend Lenny and Kuhn Volkswagen to family and friends! Dealt with Lenny Martinez from beginning to end. He made the entire ...

Volkswagen Says Cost Cuts Are Urgently Needed as Its Earnings Decline Sharply BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third ...