The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000. The group – which includes Audi, Porsche, Skoda as well as the VW brand – said
Volkswagen plans to cut roughly 50,000 more jobs worldwide. On Thursday, the company’s supervisory board approved its “Future Plan 2030,” a 12-part restructuring effort that Volkswagen calls the “most extensive transformation program” in its history. Volkswagen said a “fundamental adjustment” of its global workforce — including management roles — will be necessary beyond its existing
A lot of automakers talk about wanting to minimize or eliminate driver distractions so as to make the experience of driving more rewarding and safer overall. Lamborghini has a different strategy; it wants the driver to become one with their vehicle. This helps explain the storied super car maker’s tagline for the new Revuelto SV:
The U.S. Department of Justice has charged two Volkswagen engineers with securities fraud over an alleged insider trading scheme related to the German automaker’s joint venture with Rivian. The indictment, unsealed Friday by the U.S. Attorney for the Southern District of New York, alleges that Michael Stamp and Marcus Plank earned more than $300,000 using
The chief executive of German car giant Volkswagen Group has confirmed that it intends to cut up to 100,000 jobs, double what was previously stated. The group, which includes Porsche, Audi, Seat and Skoda as well as the VW brand, had previously said it would cut around 50,000 jobs in Germany by 2030. It suffered