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The Latest Breaking News from Daniela Cavallo

It's been a strange and unpredictable year for electric vehicle sales in America and, frankly, for new car sales in general. But if you want to assess the European market, replace the adjectives above with "apocalyptic." Intense competition from China, a weak economy, slowing EV demand as subsidies evaporate and…

InsideEVs

Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union

German carmaker warns of stagnation in the European sector amid news of deeper-than-expected action

The Guardian - UK

Crisis-hit VW Mulls Closing At Least Three German Plants

Ailing auto giant Volkswagen plans to close at least three factories in Germany and slash tens of thousands of jobs as part of drastic cost-savings drive, workers' representatives said Monday, calling the proposed cuts "of historic dimensions".

International Business Times

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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

The Independent UK

An ‘earthquake’ at Volkswagen – and a crisis for Germany?

The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this

The Guardian - UK

Volkswagen Chief Warns Brand Has 'One, Maybe Two' Years To Get It Together

Today on Critical Materials: VW puts a clock on getting their ship in order, BYD pauses its Mexico plans and Ultium workers in Tennessee join the UAW.

InsideEVs

Volkswagen CEO Oliver Blume will spar with one of Germany's fiercest worker groups over his €10 billion cost-cutting plan to save the carmaker

Volkswagen is a unique case—half the seats in its supervisory board are controlled by labor representatives, who can determine the company’s future course.

Fortune

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Volkswagen in trouble? Carmaker considers first ever German factory closure

Volkswagen CEO Oliver Bloom decried the German manufacturing industry as his company said it was considering plant closures.

Fortune

Volkswagen Weighing Plant Closures, Job Cuts In Germany

German automotive giant warned it could take the unprecedented move of shutting down production sites, and threatened further job cuts as its savings plans stalled

International Business Times

VW makes a major move that investors need to know about

The German automaker has to contend with issues in the United States and in Europe.

The Street

‘Ruffling feathers’: How Volkswagen fell out of love with Herbert Diess

World’s second-largest carmaker sacked chief executive on Friday after bruising four-year tenure

People

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