Volkswagen boss hails cost-cutting deal but shares fall
Volkswagen is struggling with high costs and rising competition in China (Ronny HARTMANN) Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in…
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Oliver Blume
Volkswagen crisis pits homegrown leaders against each other
Volkswagen managers and workers representatives will start crunch talks in Hanover on Wednesday, following the German group's announcement that drastic cost-cutting measures are needed to…
Volkswagen chief executive says situation 'alarming,' cuts needed
The chief executive of Germany's Volkswagen Group has described the situation at the company's core VW brand as "alarming," days after plans for spending cuts and potential plant closures…