The new DAF XBs have been supplied on five-year contract hire agreements, while the larger XDs are on seven-year agreements.

VW has not confirmed those plans but on Wednesday it asked its workers to take a 10% pay cut, arguing it was the only way that Europe's biggest carmaker could save jobs and remain competitive.

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 published on Sunday. "The ...

As VW braces for a new era of cost-cutting and restructuring, the plan has sent ripples through both German unions and U.S.

Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published ...

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 ...

TitleToyota falls, Hyundai, Kia generate record October U.S. sales; double-digit gains expected for overall market ...