Subscribe
Automakers

VW warns of plant closures, forced layoffs in Germany in cost-cutting drive

A car conveyor bridge at VW's Wolfsburg plant.
A car conveyor bridge at VW's Wolfsburg plant. (VW)
fw
By:
from wire reports
September 02, 2024 01:56 PM

BERLIN -- Volkswagen Group said it can no longer rule out plant closures in Germany as it seeks ways to save an extra several billions of euros at its core VW brand.

Featured Stories

Stellantis
First wind tunnel, turbine cars and minivans: 100 years of Chrysler innovations

Chrysler's first century was marked by intriguing designs, engaging muscle cars, the creation of the minivan segment and resilience through multiple stretches of financial peril.

VB
By:
Vince Bond Jr.
First wind tunnel, turbine cars and minivans: 100 years of Chrysler innovations
Stellantis
New Stellantis CEO Antonio Filosa faces series of hurdles
VB
By:
Vince Bond Jr.
New Stellantis CEO Antonio Filosa faces series of hurdles
Manufacturing
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
BN
By:
Bloomberg News
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
China
Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
RN
By:
Reuters News
Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Latest News

Waymo leads autonomy race, but Tesla could quickly close gap in competition of ‘heavyweights’
First wind tunnel, turbine cars and minivans: 100 years of Chrysler innovations
The Chrysler Building, Art Deco ‘monument’ to auto pioneer, is crumbling and for sale
BYD sales hit 2025 high in May on bigger discounts; China, key trade group urge halt to endless price war
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Honda Canada certifies used vehicles up to 10 model years old amid affordability challenge
BMW, Mercedes, VW said to be in talks with U.S. over possible tariff deal
Cars & Concepts: New and refreshed offerings from Kia, Subaru, Lexus, more
BYD’s latest incentives dim industry outlook for profits
Staying current is easy with newsletters delivered straight to your inbox.