Volkswagen shares down amid concerns over cost-cutting agreement

Volkswagen shares fell over 2% after a labor cost reduction agreement raised skepticism about its efficacy in achieving significant savings amidst competition and overcapacity challenges.

Volkswagen secures labor deal to cut capacity, avoid factory closures

Volkswagen agrees with labor leaders to reduce production capacity while maintaining jobs, avoiding factory closures, and shifting production, amidst market challenges in China and demand for electric vehicles.

VW denies agreement with labor representatives but says progress has been made

Volkswagen denies finalizing a labor agreement amid ongoing negotiations over cost-cutting measures to address a €4 billion shortfall and achieve a 6.5% EBIT margin by 2026.

Volkswagen closer to agreement with labor leaders - Reuters

Volkswagen is nearing a labor deal after lengthy negotiations amid significant strikes, aiming for cost reductions and certainty for workers by Christmas. Progress is being made, yet challenges remain.

Volkswagen's restructuring talks with labor leaders hit a snag

Volkswagen faces challenges in restructuring talks with labor leaders, focusing on cost-cutting measures amidst opposition from workers. The union seeks a job security plan for its members.

European car sales dip in Novembe amid soft EV demand

Europe's car sales fell in November, with significant drops in EV sales, while hybrid registrations rose, amid competition, high costs, and shifting consumer demand.

Volkswagen invests $48 million in Canadian firm Patriot Battery Metals

Volkswagen remains far from deal in union talks

Volkswagen AG is in negotiations over layoffs and factory closures, facing potential strikes in January if no agreement is reached after complex discussions amid protests from workers.

Volkswagen, labor leaders re-engage in crucial cost-cut talks

Volkswagen and labor representatives are negotiating over cost reductions and potential factory closures, with escalating tensions and strike actions possible if no agreement is reached soon.

Lamborghini delays first EV launch for 2029

Lamborghini plans to produce its first electric car in 2029, reaffirming commitment to Italian manufacturing despite market readiness concerns and regulatory uncertainties.