VW News Updates

The warning deepens the challenge for CEO Oliver Blume, who is trying to overhaul Europe’s biggest carmaker as its former growth engines falter. 

Volkswagen's supervisory board backed a sweeping overhaul that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint.

Volkswagen should consider “every option” to usher in a turnaround, Porsche Automobil Holding said Aug. 7, its strongest plea yet for swift change.

Two ex-Volkswagen engineers denied charges they made a combined $300,000 trading on secret information about the carmaker’s planned $5 billion joint venture with EV maker Rivian.

Labor officials have sharply criticized Oliver Blume after details of the restructuring proposals, which could double the total number of job reductions to 100,000, were leaked in the media.

Priced from around $32,000, the ID. Cross will pad out VW’s lineup of affordable electric city models that are increasingly competing with the likes of BYD’s Dolphin Surf.

VW has come through some tumultuous weeks, with a worsening business outlook prompting renewed pressure to make cuts.

The Germany-based company said group sales fell 8.6% in the second quarter to just under 2.1 million vehicles. Sales in China plummeted by more than a third.

Volkswagen plans to cut its sprawling model lineup by as much as 50%, a savings push that was announced after a closely watched supervisory board meeting.

Volkswagen’s influential labor leaders vowed to fight plans for large-scale job cuts and factory closures in Germany.