For all its talk of radical change, Volkswagen’s (VOWG_p.DE) cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details disclosed by company sources.
The European Union’s largest economy, Germany, is experiencing a deindustrialisation trend due to factors such as high energy costs, unhelpful government policies and investment shortfalls. The country’s fading industrial competitiveness isn’t likely to improve soon,
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.
The Czech Republic, also known as Czechia, has built its post-Cold War economy in the same way Germany did post-reunification: with a focus on industry. Manufacturing as a share of GDP has hovered above 20% in the country for the last 30 years, joining Germany in bucking the Western trend of deindustrialization.
Volkswagen, unions struck cost-cutting deal before Christmas Factories must meet yearly cost reduction targets New investments contingent on hitting interim milestones Questions remain how ...
BERLIN (Reuters) - For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers ...
Germany Volkswagen's $60 billion investment in combustion engines focuses on sustainability and synthetic fuels, shaping the future of the automotive industry and EV transition.
A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress
Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".
Porsche may have no substitute for American production if new tariffs threatened by President Trump are enacted. Germany’s Handelsblatt reports
Volkswagen is exploring the possibility of sharing its excess production lines in Europe with Chinese EV makers.