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Volkswagen

All articles tagged with #volkswagen

business4 hours ago•3 min saved

VW workers blast management over 'disastrous' messaging as job-cut plan looms

Volkswagen workers criticized management’s communication as the carmaker weighs deeper cost cuts and up to 100,000 total job losses (about 50,000 already planned); a works council morale survey found intranet messaging to be the top grievance ahead of job security, as CEO Oliver Blume and the board prepare nine site meetings across Wolfsburg, Emden, Zwickau, Braunschweig and Hannover amid weaker first-half results and intensified global headwinds.

via Euronews.com|

#business #job-cuts #oliver-blume

business13 days ago•2 min saved

Geely Leads Six–Month Chinese Car Sales as EV Dominance Grows

Autohome data show Geely’s Xingyuan electric hatchback is the top seller in the six months through July, with Tesla’s Model Y second and BYD’s best model slipping to fifth. VW is the only traditional foreign brand in the top 10. New energy vehicles now account for about 65.1% of July passenger-car sales (up from 54% a year earlier), though NEV sales for January–July are down 12.5% while overall passenger-car sales fall 20.3% over the period.

via CNBC|

#business #byd #geely

business17 days ago•4 min saved

VW Urged to Fast-Track Overhaul as Chinese Rivals Rise

Volkswagen’s top investor Porsche SE pressed management to fast-track a sweeping overhaul amid a profit slump and intensifying competition from Chinese car brands, signaling that up to 100,000 jobs may be cut and capacity and cost reductions are needed as the group seeks to regain competitiveness.

via CNBC|

#business #chinese-competition #cost-cutting

technology1 month ago•4 min saved

VW Eyes Halving Its EV Lineup by 2030, Reports Say

Volkswagen is reportedly planning to cut its global model lineup by as much as 50% by 2030 as part of cost‑cutting, with around 10 models allegedly being axed per Bild via Motor1, including the Jetta and Taos and potentially several Porsche and Audi models (Taycan, 718, Q5 Sportback, Q6 E‑Tron Sportback), along with Skoda Fabia and Cupra Raval. The move signals a shift toward a smaller slate of mass‑market EVs (ID. family) while phasing out older models, though VW has not officially confirmed the specifics.

via Electrek|

#discontinuation #ev #lineup

business1 month ago•7 min saved

VW mulls up to 100,000 global job cuts to curb costs

Volkswagen Group is considering cutting as many as 100,000 jobs worldwide, doubling an earlier plan to shed about 50,000 in Germany, as profits have fallen due to weaker sales in key markets and growing competition from Chinese brands. The review spans all brands and regions, with several German plants reportedly under consideration, following protests and ongoing union talks; the company previously reported a multi-year profit decline from €22.6bn in 2023 to €8.9bn last year.

via BBC|

#business #car-industry #china

business1 month ago•3 min saved

VW pushes ahead with 50,000 more job cuts after board blocks plant closures

Volkswagen CEO Oliver Blume confirms a plan to cut about 50,000 more jobs as the supervisory board rejects closing four German factories; the overhaul comprises 12 initiatives and is being rolled out via voluntary redundancies with a broader aim to reduce overheads by 20% and cut annual production from 12 million to 9 million, while also weighing the Osnabrück site’s shift to defence production and drawing criticism from IG Metall.

via The Guardian|

#business #layoffs #overheads

business1 month ago•4 min saved

VW reshapes its lineup as unions push back on jobs and plants

Volkswagen Group unveils a plan to dramatically shrink its model lineup and simplify options to cut complexity and better match demand, without an explicit promise of plant closures or job cuts in its public statement. Reuters, however, reports the move faced a 12-7 vote against changes and underscores the unions’ power on VW’s supervisory board, with protests by IG Metall highlighting ongoing tensions. Earlier talks had floated tens of thousands of potential job losses and even plant closures, illustrating the clash as VW fights tariffs and market share declines in China and North America while balancing capacity (roughly 9 million demand vs. 10 million capacity).

via Ars Technica|

#business #job-cuts #restructuring

business1 month ago•11 min saved

VW’s Bold Overhaul: Half the Lineup and Up to 100,000 Jobs at Risk

Volkswagen weighs a drastic restructuring that could cut up to half its model lineup, reduce annual production to about 9 million vehicles and lay as many as 100,000 workers amid rising costs, competition, and tariffs, with possible German plant closures and strong union opposition. The report also covers talk of ending steering-wheel mandates for driverless cars in the U.S., BMW’s luxury-sales strength in H1 2026, Tata’s plan to invest heavily in Jaguar Land Rover to reach roughly $45–$50 billion in revenue by 2031, and rising gas prices tied to geopolitical tensions.

via Jalopnik|

#auto-industry #autonomous-vehicles #business

business1 month ago•16 min saved

VW to halve its lineup to cut complexity amid China EV slump

Volkswagen will streamline its global model lineup by up to 50% and slash product complexity by as much as 75% under CEO Oliver Blume’s Future Plan, aiming to focus on core segments as China’s EV demand weakens and costs rise. The strategy also includes trimming annual production capacity to about 9 million vehicles (from 10 million) and has touched on plant closures and up to 100,000 potential job cuts (blocked by labor reps), with possible divestment of luxury brands like Lamborghini and Ducati. While VW sees pockets of growth in Europe and South America, EV deliveries remain volatile (notably a US slump after subsidies expired), underscoring the need to simplify the portfolio to restore profitability.

via Yahoo Finance|

#business #china #ev

business1 month ago•2 min saved

VW Shrinks Model Range and Factory Footprint in Major Efficiency Overhaul

Volkswagen unveiled a sweeping efficiency overhaul to halve its model lineup and reduce production capacity to 9 million vehicles per year (down from 12 million pre‑COVID), with about 2 million already cut. The plan also aims to simplify offerings by up to 75% and merge software, platforms and electronic architectures across regions to boost efficiency, pursuing a goal to become the most attractive automaker by 2030. While the release doesn’t explicitly confirm layoffs, reports of up to 100,000 job cuts and closing factories have sparked protests by IG Metall, signaling what could be VW’s biggest restructuring in its 89-year history.

via Engadget|

#business #ig-metall #layoffs

business1 month ago•2 min saved

VW trims model lineup as sales slump deepens, hit by China

Volkswagen posted a 8.6% Q2 sales drop to about 2.1 million vehicles, with China down more than a third, as it announced a plan to cut its model lineup by up to half to reduce complexity and overcapacity. Core VW deliveries fell about 14%, Audi down 8%, and Porsche down 18%, while Lamborghini, Skoda and the trucks unit rose. The move comes amid geopolitics, tariffs and regulatory pressures, prompting skepticism from analysts and protests at the Zwickau plant where production has shifted to EVs.

via ABC News - Breaking News, Latest News and Videos|

#automotive-industry #business #china

business1 month ago•3 min saved

VW to slash models and trim capacity in sweeping restructuring

Volkswagen said it will drastically cut its model lineup—by up to half—and reduce annual production capacity to about nine million vehicles from 12 million, as part of a broader transformation. The move follows a tense boardroom clash and reports of potentially closing four German plants and cutting up to 100,000 jobs, though unions and lawmakers oppose the plan and no final agreement has been reached.

via CNBC|

#auto-industry #business #labor-unions

business1 month ago•12 min saved

VW’s 100,000-Job Overhaul Signals a Turntoward Change Amid EV Surge

Volkswagen is reportedly planning a radical overhaul that would cut about 100,000 jobs (roughly 15% of its global workforce) and halt production at several German plants, while trimming five-year investments by about 15% to roughly €130 billion. The plan, described via Manager Magazin and CNBC, would be VW’s largest restructuring in 89 years and faces pressure from labor unions. The moves come as Tesla and Chinese competitors gain market share in Europe and Germany, with VW’s domestic sales slipping in Q1 2026 even as rival volumes rise, underscoring the push to accelerate electrification and software/battery progress across the Group.

via Not a Tesla App|

#auto-industry #business #electric-vehicles

business1 month ago•1 min saved

VW to Cut About 100,000 Jobs in Major Restructuring Push

VW plans to cut about 100,000 jobs globally—roughly one-sixth of its workforce—as part of a major restructuring to boost competitiveness amid weak demand and fierce Chinese competition; if realized, it would rank among the largest layoffs in business history. The move faces potential obstacles from Germany's labor rules and comes as VW's per-employee output trails Toyota's, underscoring the pressure to slim costs. The company says the industry is transforming and the group must realign to stay competitive, with the U.S. Chattanooga plant noted in the broader strategy.

via Axios|

#automotive-industry #business #china

business1 month ago•3 min saved

VW Faces Up to 100,000 Job Cuts as Restructuring and Plant Closures Loom

Manager Magazin reports VW could double planned layoffs to 100,000 and may close four plants (Zwickau, Emden, Hanover, Neckarsulm) as part of a broader restructuring that could spin off the core VW brand and its components arm into separate, potentially listed companies. This follows an earlier plan to cut 50,000 jobs by 2030 and a move to shift Golf production to Puebla, Mexico from 2027 to boost competitiveness in the EV era. VW did not comment on the report.

via Motor1.com|

#business #ev-transformation #factory-closures