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The Latest Breaking News from Magazin

Volkswagen Will Cut 100,000 Jobs And Close Four Factories: Report

The new report also alleges the core VW brand will be separated from the VW Group.

Volkswagen to cut up to 100,000 jobs

Volkswagen to cut up to 100,000 jobs

BERLIN — Volkswagen CEO Oliver Blume aims to cut up to ‌100,000 jobs from the current workforce worldwide over the next few years and discontinue production at four of the group's German plants, Manager Magazin reported on Friday.

Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Volkswagen CEO aims to cut up to 100,000 jobs in next years: Report

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also aims to reduce investments by 15% over five years. These moves come as VW faces pressure from tariffs, Chinese competition, and the costly transition to…

The Economic Times

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Volkswagen's Struggles Continue: The Company Is Slashing Capacity Again

In 2019, before the pandemic, Volkswagen Group was riding high. The German auto conglomerate sold nearly 11 million cars worldwide and was preparing for 12 million, but it never got close to that figure. Since 2020, the company has failed to sell more than 10 million vehicles a year, which…

Volkswagen Group Eyes 'Massive' Cost Cuts: Report

Here we go again. The Volkswagen Group may have already implemented a cost-cutting strategy, but it’s apparently not enough. Despite saving an unspecified amount in the double-digit billion-euro range, according to a company spokesperson, it now needs to trim even more. A new report from Germany claims the automotive conglomerate…

Mercedes Might Buy Engines From Its Biggest Rival, BMW

In a strange twist, we might soon see BMW engines powering Mercedes-Benz cars. According to a rumor first reported by German publication Manager Magazin, the tri-star brand is in talks with BMW to purchase four-cylinder motors for its lineup starting in 2027.

Google, Porsche in Talks over Google Apps Access

Google and Porsche are in talks over a possible deal to allow Google Apps to be used in Porsche cockpits, German business magazine Manager Magazin reported on Thursday, citing managers from both companies. A focus of the deal would be access to Google Maps, the report added. Spokespeople for Porsche…

Asharq Al-Awsat

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Volkswagen Trinity Delayed Until 2030 Due To Software Problems: Report

Volkswagen Trinity Delayed Until 2030 Due To Software Problems: Report

The new factory where it's supposed to be made might not be built anymore.

VW Said To Consider Building ID. Buzz, Electric Pickup In The US

VW Said To Consider Building ID. Buzz, Electric Pickup In The US

Besides the US plant expansion, the automaker is also considering a new battery cell factory, VW shareholders told Manager Magazin.

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