Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services business in Germany, Europe, North America, China, and internationally. The company procures, develops, manufactures, and sells vehicles, as well a…
Industry Peers
Auto Manufacturers| Headline | Source | Time |
|---|---|---|
Yesterday | ||
Volkswagen CEO Warns Another 50,000 Jobs Could Be at Risk as Automaker Scrambles to Avoid Factory Closures Volkswagen AG’s CEO Oliver Blume warned employees on Monday that the automaker may need to eliminate another 50,000 jobs worldwide as it tries to close a 20% cost gap with rivals and avoid shutting German factories. Volkswagen Weighs Another 50,000... | ||
This week | ||
Facing high costs, Volkswagen aims to halve model lineup The global automaker seeks to cut equipment options by up to 75 percent and its production capacity to 9 million units. | ||
Volkswagen may cut 50,000 more jobs, CEO tells staff Blume is pushing to reduce costs at the company, which has seen profits decline due to tariff-related expenses, growing competition in China and the need for greater efficiency across its German manufacturing base. | ||
Volkswagen's Cost-Cutting Fight Gets Bigger Total job reductions may eventually reach 100,000 | ||
Older | ||