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 ...

"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 ...

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 ...