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CEO says VW cost cutting necessary
VW cost cutting necessary after 'decades of structural problems', CEO tells paper
"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at
VW
," Blume told Sunday paper Bild am Sonntag. The head of Volkswagen's works council said last Monday that the carmaker plans to shut at ...
VW Boss: 'Decades of Structural Problems' Led to Crisis
Volkswagen CEO Oliver Blume says costs in Germany must be "massively reduced." VW Group profits fell 63.7% in Q3 2024 when sales decreased by 8.3%. Pay cuts are planned to avoid closing factories. To say Volkswagen is going through a rough patch would be an understatement.
VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says
Volkswagen VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says. Share. Expand (BLOOMBERG/Bloomberg) November 03, 2024 06:08 PM
1d
VW resurrects the Scout name with this new truck and SUV—and here’s the big surprise
Remember the commercial truck maker called International Harvester that made rugged SUVs and trucks with the Scout name back ...
6d
VW demands 10% wage cuts to save jobs as profits plunge
Volkswagen on Wednesday reported a 42% drop in third-quarter profit to its lowest level in three years. "This highlights the ...
12d
on MSN
VW Is Bringing Back Scout as an Electric Truck. Here’s Why It’s a Big Deal
A mainstream German automaker reviving and old American name to create an all-new brand name is not something that happens ...
6d
on MSN
Scout Motors EVs will use Rivian-VW software and architecture
VW's new offshoot EV company Scout Motors, which revealed its first two vehicles last week, will use the software and zonal ...
Gadget on MSN
8h
VW goes farming with e-tractors in Africa
The GenFarm Project is an ecosystem of mobility solutions and e-powered mechanised farming services for rural areas.
8d
The New Scout: VW, Lawsuits, and My Commentary
"VW AG's decision to attempt to sell Scout vehicles direct to consumers and compete with its U.S. dealer partners is ...
8d
VW may close plants in Germany for the first time in its history
Volkswagen, the largest employer in Germany, is facing increased competition from China and weakening demand.
ConsumerAffairs
8d
Car dealers will challenge VW's attempt to sell Scouts directly to consumers
Volkswagen's Scout brand hasn't even launched and already it's in trouble. VW has said it wants to sell its new line of ...
3d
on MSN
All Your Burning VW ID.Buzz Questions Answered
All VW ID. Buzz trims can charge at up to 200 kWh. That’s enough to allow the van to go from 10 percent to 80 percent in 26 ...
11d
VW Pitches America’s Heartland on EVs With New Scout Pickup, SUV
The new Scout Motors brand will also offer hybrids as it competes with Ford, Rivian and Tesla for a share of the truck market ...
Reuters on MSN
6d
VW and workers face off in second round of talks over pay and plants
Volkswagen and its powerful unions will lock horns on Wednesday for a second time over management plans for plant closures ...
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China
Germany
Volkswagen
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Oliver Blume
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