Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at ...

Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German ...

For much of its storied history, the German automaker Volkswagen (VLKAF) has been an industry innovator, icon and tour de force. With a portfolio of well-known models, from the legendary Beetle to ...

"Volkswagen is shocking its workforce" with cost-cutting plans "of historic dimensions ... to electric vehicles and rising competition in key market China. Rival carmakers in Germany's flagship ...

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest economy as it plots a deeper-than-expected overhaul ...

There’s never been a better time to buy a used electric car, thanks to bigger batteries, improved range and more options on ...

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 ...

VW is also eyeing a 10-percent pay cut for all remaining staff and no salary ... a stuttering switch to electric vehicles and rising competition in key market China. Rival carmakers in Germany's ...

The German group -- whose 10 brands range from its core VW models to Seat, Skoda and Porsche -- has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and ...