Sep. 08, 2024 03:28 AM EDT
FRANKFURT, Germany (AP) — Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise won't meet the cost-cutting goals it needs to remain competitive.
CEO Oliver Blume also told employees...
Sep. 02, 2024 16:45 PM EDT
FRANKFURT, Germany (AP) — Germany's Volkswagen says auto industry headwinds mean it can't rule out plant closings in its home country - and must drop a longstanding job protection pledge in force since 1994 that would have barred layoffs through 2029.
“The European automotive...