Latest Volkswagen AG News
German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes
FRANKFURT, Germany (AP) — Germany's technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and global auto industries. The...
Volkswagen says cost cuts are urgently needed as its earnings decline sharply
BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the possibility of the automaker's first plant closures in Germany. The company reported net...
What to know about Europe's tariffs on Chinese electric vehicles
FRANKFURT, Germany (AP) — The European Union has finalized its sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation...
Volkswagen's employee council says the automaker plans to close at least 3 German plants
BERLIN (AP) — Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's works council said Monday. Employee council chief Daniela Cavallo said at a meeting with Volkswagen workers at the company's Wolfsburg...
China has deported a VW executive for allegedly using drugs while in Thailand
BEIJING (AP) — A senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in Thailand, according to Chinese authorities and German media reports. A Chinese Foreign Ministry spokesperson confirmed Wednesday that a...
Trump calls for 100% tariffs on cars made in Mexico as part of US manufacturing plan
SAVANNAH, Ga. (AP) — Donald Trump on Tuesday pledged to stop U.S. businesses from shipping jobs overseas and to take other countries’ jobs and factories by relying heavily on sweeping tariffs to boost auto manufacturing — despite warnings that domestic consumers would pay more and a lack of...
