Subscribe
Automakers

VW will redouble cost-saving efforts after disappointing Q3 margins

VW sign
(Krisztian Bocsi/Bloomberg)
B
By:
Bloomberg
October 26, 2023 09:29 AM

Volkswagen Group plans to redouble cost savings following disappointing third-quarter margins, with falling demand in Europe and China adding urgency to efforts to slim down bloated structures.

Featured Stories

Manufacturing
Dealer panel: Tariffs will bump up already high monthly payments

The Trump administration’s tariffs have the potential to turn up the heat on a long-simmering auto industry problem: affordability.

RT
By:
Richard Truett
Dealer panel: Tariffs will bump up already high monthly payments
Finance Insurance
Approved House bill includes tax deduction on first $10,000 of auto loan interest for U.S.-made vehicles
JH
By:
John Huetter
Approved House bill includes tax deduction on first $10,000 of auto loan interest for U.S.-made vehicles
Service And Parts
Making space for big rigs to increase flow of repair gigs
AW
By:
Alysha Webb
Making space for big rigs to increase flow of repair gigs
Mobility
Robots in auto manufacturing are getting smarter. Here’s how
MB
By:
Molly Boigon
Robots in auto manufacturing are getting smarter. Here’s how

Latest News

Cash-strapped Nissan mulls selling global headquarters to fund revival, report says
Trump backs U.S. Steel, Nippon partnership after national security review
Top 5 Canadian auto stories this week: LeddarTech layoffs; GM Oshawa’s potential; Dodge trims Charger trim; more
Daily 5 report for May 23: Why dealers say vehicle affordability is a ‘major problem’
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Daily 5 report for May 22: Automakers seek North American parity with UK tariff framework
More powerful 2026 Toyota RAV4 will be hybrid-only, with U.S. production boost possible
Interactive data dashboard: Get the latest Europe sales and other key statistics
Subaru, amid hot streak, adjusts U.S. leadership as Yoichi Hori becomes regional CEO
Staying current is easy with newsletters delivered straight to your inbox.