For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.

Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.

A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress

Car giant VW to wind down production at 2 factories; China could buy factories for foothold in Germany. Read more at straitstimes.com.

However, state support for EVs has been patchy. Germany, Volkswagen's home market, abolished subsidies for electric cars at the end of 2023. Volkswagen is one of a number of European carmakers struggling in the face of fierce Chinese competition and the ...

CFO Arno Antlitz, speaking to investors in New York on Tuesday, said that the cost-cutting deal struck with unions last December tackled the carmaker's problems of high labour costs and capacity underutilisation.

VW produces and sells vehicles around the world. Its Germanness is an important selling point, but the company is equally at home in China, Brazil and the US. Its dependence on foreign markets may soon come to bite.

BERLIN (Reuters) - For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers ...

Volkswagen is exploring alternative uses for its Dresden and Osnabrueck factories under a cost-cutting drive to pare back its German operations. Europe's biggest automaker, which owns brands including Porsche, Audi and Skoda, has seen sales fall amid rising competition from Chinese companies.

For all its talk of radical change, Volkswagen’s cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details ...

Volkswagen is facing a serious crisis in Europe, which has pressured the automaker to reduce costs and restructure its operations.

Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,