VW faces battle with workers over cost cutting plans

VW CEO Martin Winterkorn plans to cut costs by 5 billion euros ($6.7 billion) a year.

July 23, 2014 05:00 AM

BERLIN (Reuters) -- Volkswagen faces a battle with workers over cost cuts at its biggest car division, a central plank of its drive to meet profit margin targets.

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

Elon Musk expands Texas empire with his own park, ‘ecological paradise’

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Read the Automotive News Digital Edition for April 7

Elon Musk expands Texas empire with his own park, ‘ecological paradise’

Jaguar Land Rover is pausing exports to key U.S. market over Trump’s tariffs

Tesla’s software engineering head is said to depart EV maker

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Automotive News Europe awards the 2024 Eurostars

Top 5 stories of the week: Northvolt woes; Alpha’s big buy; all-stars; and more

Staying current is easy with newsletters delivered straight to your inbox.