The Latest Breaking News from Oliver Blume

In an interview with German newspaper Bild last month, Volkswagen CEO Oliver Blume was painfully honest about the automaker's delicate situation. He blamed "decades-long structural problems" for the lack of competitiveness, citing high labor costs as one of the main culprits. Massive layoffs, pay cuts, and even plant closures are looming…

Volkswagen (OTC:VLKAF) has boosted its initial investment in American electrical vehicle (EV) maker Rivian (NASDAQ:RIVN) to $5.8 billion, $800 million more than initially planned.

Tesla's "We, Robot" event is Thursday, Oct. 10. Here's what we expect and why some say Elon Musk's company has to deliver this time.

Volkswagen is about to start discussions with unions over pay in the midst of possible plant closures.

Audi workers confiscated hundreds of keys for completed and unfinished cars in a backlash to Volkswagen’s plans for plant closures.

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

Volkswagen is a unique case—half the seats in its supervisory board are controlled by labor representatives, who can determine the company’s future course.