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German Economy, VW
German economy minister offers help to Volkswagen to avoid site closures
German Economy Minister Robert Habeck said on Friday that he wants to help Volkswagen get through a period of cost-cutting without having to resort to site closures, reflecting concerns about the country's biggest carmaker.
What Volkswagen's woes say about Germany's economic future
Job cuts and possible factory closures at Germany's largest carmaker are a symptom of a wider malaise in Europe's largest economy. VW's faltering electric-vehicle strategy is adding to the company's revenue woes.
German Economy Minister Habeck convenes 'car summit'
In view of the crisis in the German automobile industry, Economy Minister Robert Habeck is inviting stakeholders to a "car summit" next Monday. Habeck has invited the automotive industry to an exchange on the current situation,
German Minister Dangles Prospect of Additional Aid for Carmakers
German Economy Minister Robert Habeck floated the idea of additional support for the country’s carmakers and will discuss ways to address the challenges facing the embattled sector in talks with executives on Monday in Berlin.
Germany considering ways to support VW, says economy minister
Germany's government is exploring ways to support Volkswagen amid potential job cuts. The carmaker plans to reduce costs due to high expenses and competition. Economy Minister Robert Habeck emphasized VW's importance and will visit a plant in Emden.
German economy minister calls on VW to not close factories
German Economy Minister Robert Habeck has called on Volkswagen to refrain from factory closures. "The locations should be preserved," he said during a visit to the VW plant in the north-western city of Emden.
2h
SAIC Volkswagen Says Adjusting Plant Base 'Necessary'
Asked on Saturday about plans to close the Nanjing plant, SAIC Volkswagen said that "based on corporate strategic planning ...
Hosted on MSN
18d
Volkswagen aims to cancel a no-layoffs pledge and won't rule out closing plants in Germany
FRANKFURT,
Germany
(AP) —
Germany
's
Volkswagen
says auto industry headwinds mean it can ... Pennsylvania closed in 1988 ...
Electrek
2d
Volkswagen weighs another plant closure, this time in China as domestic EVs take control
Volkswagen is facing another possible plant closure, this time in China, the company’s largest market. Although China is VW’s ...
The Local
1d
Today in Germany: A roundup of the latest news on Friday
State leaders set to debate hikes in broadcast licence fees, Lufthansa extends suspension of flights to the Middle East, ...
4d
on MSN
Volkswagen May Cut 15,000 Jobs, Jefferies Says
Volkswagen may be considering at least 15,000 job cuts as it struggles against tough competition, Jefferies analysts wrote ...
autoevolution
15h
Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom
Volkswagen's troubles seem to worsen as the German carmaker considers closing car plants in Europe, China, and the US, with ...
4d
on MSN
Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not ...
1d
Volkswagen May Be Very Cheap For A Reason
Volkswagen faces financial challenges amidst market share loss, high costs, and supply chain disruptions. Learn why VWAGY ...
Automotive News
1d
VW could cut up to 30,000 jobs in Germany, report says
The cuts would hit hardest among the automaker's research and development activities in Germany where 4,000 to 6,000 jobs ...
13d
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year ...
Politico Europe
2d
Germany’s rude economic awakening
BERLIN — Germany is finally emerging from the first stage of economic grief: denial.
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