"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW," Blume told ... workers to take a 10% pay cut, arguing it was the only ...

Following months of rumors, the VW Group revealed a set of significant and painful cost-cutting measures designed ... the group's vehicles in a number of key markets, including China, where ...

BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO Oliver Blume said in an interview ...

BERLIN (Reuters) - Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO Oliver Blume said in an interview ...