Page 8 - Thomas Schaefer News Today

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.

Brand chief Thomas Schaefer warned that high costs and low productivity were making its cars uncompetitive

This program is set to include staff reductions as part of the company's broader strategy to enhance efficiency during its shift towards electric vehicle…

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its

Volkswagen’s original brand is “no longer competitive,” the company’s brand chief warned Monday, owing to high costs and low productivity.

Volkswagen Claims It Is No Longer Competitive Will Fire High Cost Workers To Become So

Plus, EV battery prices are dropping, and Subaru factory wages are on the rise

The renowned German automaker Volkswagen AG (OTC: VWAGY) reportedly plans a substantial cost-saving initiative totaling €10 billion ($10.9 billion).

Volkswagen has had many sales hits over its long history that include cars like the original Beetle, the Golf hatchback, Jetta compact sedan and Passat…

Volkswagens brand chief said Monday the carmakers original brand is "no longer competitive" because of high costs and low productivity.