Volkswagen CEO Oliver Blume has outlined plans to cut up to 50,000 additional jobs globally as part of a sweeping cost-reduction overhaul. The move reflects the company’s high overhead, which is roughly 20% above its rivals, as well as pressure…
Volkswagen Group reported a brutal 8.6% drop in global sales during the second quarter, with deliveries falling to just under 2.1 million vehicles. The decline was led by a catastrophic 33%+ slump in China, where rising tariffs, regulatory pressure, and…
Volkswagen has announced plans to cut its global model lineup by as much as 50% following a contentious July 9 supervisory board meeting in Wolfsburg. The move comes as the automaker faces mounting pressure from shrinking profits in China, tepid…
The Volkswagen Group has announced a drastic plan to downsize its model lineup by up to 50 percent, with the goal of focusing on the most attractive market segments and products that deliver the greatest added value for customers. The…
Volkswagen’s labor leaders, spearheaded by Works Council Chair Daniela Cavallo, are pushing back against proposed deep cost cuts that include doubling planned job reductions to 100,000 and shuttering four German plants. The dispute erupted during a pivotal supervisory board meeting…
Car ownership isn’t always a smooth ride. Sometimes, the moment you finally sell a vehicle, you feel an overwhelming sense of relief—like a weight has been lifted. That’s exactly what we asked our readers last week: which cars made them…
A 2021 Bentley Bentayga V8 that carried a sticker price of $177,000 when new now averages $114,800 on the used market, according to J.D. Power. That’s a five-year loss of roughly $62,200—or about 35% of its original value. Rough-condition examples…
The 2022 Lucid Air Grand Touring, which debuted with an MSRP of $154,000, has plummeted to just $44,800 after four years—a jaw-dropping 73.2% depreciation, according to Kelley Blue Book (KBB). Real-world listings on Autotrader confirm the trend, with clean, average-mileage…
Genesis’s first SUV, the 2021 GV80, has defied typical depreciation forecasts after five years on the used market. Industry tools like iSeeCars and CarEdge had projected the GV80 would lose roughly 48.5% to 49.8% of its original sticker price by…
Volkswagen AG is preparing a sweeping restructuring plan under CEO Oliver Blume that could eliminate up to 100,000 jobs and shutter four German factories as part of a bid to slash €11 billion in overhead costs by 2030. The proposal,…