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The Latest Breaking News from Oliver Blume

Chinese EV sales surge to new high in Europe putting tariffs under scrutiny

Imports this year now account for 14% of the market amid claims vehicles are being dumped in the EU and UK

The Guardian - UK

Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring

Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring

Volkswagen has already confirmed it is evaluating plans to eliminate up to 100,000 jobs, double the number previously discussed, as part of an effort to restore competitiveness after a sharp earnings decline.

International Business Times

Thousands Protest As Volkswagen Weighs Closing Historic Audi Factory

Thousands Protest As Volkswagen Weighs Closing Historic Audi Factory

VW’s restructuring puts Audi assembly at Neckarsulm under a 2030 closure risk despite a job guarantee running to 2034.

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Volkswagen's Model Is In Crisis. Its Porsche Unit Will Shed 20% Of Its Jobs Over The Next Decade

Volkswagen's Porsche is set to shed about 20% of its jobs over the next decade, the company announced.

International Business Times

VW Wants Higher Tariffs After Chinese PHEVs Overtake Its Best-Seller in Europe

The Volkswagen Tiguan plug-in hybrid once ruled the charts. Now, it’s not even on the podium, and VW wants the EU to do something about it.

Volkswagen Missed Its Profit Forecast, Deepening Its Crisis. CFO Says 4% Margin Is a 'Wake-Up Call'

Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion), a decline of nearly 10% from last year and well below analysts' expectations of 4.3 billion euros.

International Business Times

Mass job cuts loom at VW as profits fall steeply on China sales slump

Carmaker expects to sell 3% fewer vehicles this year as it pushes through a programme that could eliminate 100,000 roles

The Guardian - UK

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Volkswagen scraps revenue growth forecast as tariffs, China weigh

Volkswagen scraps revenue growth forecast as tariffs, China weigh

Volkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costly tariffs and competition. Second-quarter results showed a significant profit slump, prompting a restructuring plan. This plan includes a proposed reduction of approximately 100,000 jobs across the group.…

The Economic Times

Consumer Tech (Jul 13-17): IBM Sees Worst Day On Record, Gemini 3.5 Pro Release Delayed, Uber Acquires Delivery Hero & More

Consumer Tech (Jul 13-17): IBM Sees Worst Day On Record, Gemini 3.5 Pro Release Delayed, Uber Acquires Delivery Hero & More

President Donald Trump, hedge fund billionaire Bill Ackman and entrepreneur Anthony Pompliano criticized New York’s decision to temporarily halt approvals for new large-scale data centers.

Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council says

Volkswagen workers to grill CEO on overhaul threatening 140,000 jobs, works council says

Volkswagen's works council will host staff assemblies with CEO Oliver Blume in August. Workers can question him about plans that threaten up to 140,000 jobs. Blume has stated that 50,000 job cuts are underway to improve cost competitiveness. Plant closures after 2030 could endanger an additional 40,000 positions. Volkswagen declined…

The Economic Times

Volkswagen Warns of up to 100,000 Job Cuts: Why Analysts Are Calling It a Negotiating Tactic

Volkswagen Warns of up to 100,000 Job Cuts: Why Analysts Are Calling It a Negotiating Tactic

Volkswagen may cut up to 100,000 jobs globally as part of a major restructuring effort, driven by declining profits and increased competition. Analysts suggest this could be a negotiation tactic.

International Business Times UK

Volkswagen Group Internal Memo Reportedly Calls For Doubling Layoffs

CEO Oliver Blume told the staff a 'theoretical reduction' of another 50,000 jobs is under consideration.

Volkswagen is Fighting Rising Costs and Global Competition. Its CEO Says 100,000 People Could Be Laid Off To Reorganize

Volkswagen is Fighting Rising Costs and Global Competition. Its CEO Says 100,000 People Could Be Laid Off To Reorganize

Volkswagen CEO Oliver Blume has warned employees that the German automotive giant may need to eliminate roughly 50,000 additional jobs on top of previously announced workforce reductions.

International Business Times

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

The Guardian - UK

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The Economic Times

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Volkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce costs. The company faces tariff expenses and strong competition in China. Management is assessing necessary and feasible adjustments across all brands. Labor representatives reportedly blocked initial restructuring proposals from…

VW Group Boss Admits The Real Problem: Its Cars Aren't Profitable Enough

Further cost-cutting measures are underway to turn things around.

The Independent UK

Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Volkswagen’s CEO has indicated that he’s trying to avoid closing plants as he seeks to turn around the automaker’s performance

Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts

Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.

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Volkswagen risks 'major conflict' with staff over cost-cutting drive, union warns

Chief Executive Oliver Blume is considering cutting 100,000 jobs worldwide, around 16% of Volkswagen's global workforce, and closing three Volkswagen plants in Germany as well as one Audi factory,

Volkswagen faces crunch talks over 100,000 job cuts and factory closures

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

The Guardian - UK

VW workers protest in Germany over proposed job cuts and factory closures

Demonstrations at 18 sites set up as radical transformation plan put to board of Europe’s biggest carmaker

The Original Porsche Macan Goes Out Of Production This Month

The last of the original Macan breed will roll off the line at the end of July.

The Economic Times

Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts. IG Metall is organising protests by VW workers outside plants across the country Thursday, when the carmaker's…

The Economic Times

What are the key issues in Volkswagen's restructuring efforts?

Volkswagen's board will meet July ninth to discuss a major transformation plan. This plan includes potential closures of four German plants and significant job cuts. The company is also reviewing its structure and may spin off business divisions. Management and labor representatives will likely begin months of talks on these…

Volkswagen Group Speaks Out On Reports It Could Sell Some Brands

It neither denies nor confirms plans to offload some of its companies.

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