P911Dr. Ing. h.c. F. Porsche AG
44.93EUR+1.10%Mkt Cap: 44.49B $P/E: 132.15

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…

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HeadlineSourceTime
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...

Benzinga
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.

Wards Auto
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.

Just Auto
Volkswagen's Cost-Cutting Fight Gets Bigger

Total job reductions may eventually reach 100,000

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