Volkswagen’s attempt to repurpose its struggling Osnabrück factory in Germany by partnering with Israel’s Rafael Advanced Defense Systems to build military trucks for the Iron Dome system has reportedly been vetoed by Qatar. The proposed joint venture, which would have…
The Volkswagen Group, which has already announced plans to cut 50,000 jobs, may be considering doubling that figure to 100,000, according to an internal memo seen by Reuters. CEO Oliver Blume has stated that the company’s costs are 20% higher…
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’s CEO, Oliver Blume, has admitted that the company’s underlying problem is slim profit margins. Despite high demand for its products, the company is not making enough money from them due to high production costs. To address this issue,…
International, the commercial vehicle arm of Traton Group, reported a 8% year-on-year decline in Q2 2026 truck and bus sales to 16,200 units, down from 17,600 in Q2 2025. However, the company saw a 21% sequential rise from the first…
A London court has largely rejected claims that car manufacturers, including Mercedes-Benz, Ford, and Renault, used illegal defeat devices to cheat on emissions tests. The case, which involved 1.6 million claimants and 38 allegations, saw only two allegations upheld, undermining…
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…