Volkswagen plans to close at least three factories in Germany, lay off tens of thousands of staff and downsize remaining ...

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, ...

Days after Volkswagen announced it was closing three factories in Germany – a first for the company – the carmaker will now ...

Scout Motors, the off-road, U.S.-centric brand spun off from Volkswagen, is getting ready to root itself in South Carolina.

Volkswagen AG laid out cost-savings proposals to workers that would shore up its financial position while potentially ...

This economic blow came as worker unions threatened strikes over proposed factory closures and restructuring plans in Germany.

Volkswagen cast its least-profitable quarter in years as cause for the first factory closures in Germany in its 87-year history. Operating profit plunged 42pc to €2.86bn in the third quarter ...

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while rivals BMW and Mercedes-Benz ...

Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand.

Porsche, which is majority owned by VW, last week reported a 41 per cent drop in quarterly profits, while German rival ...