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WorldBusiness

Volkswagen CEO Warns European Carmakers Face Mounting Pressure From Chinese Rivals

European carmakers are facing mounting pressure from Chinese competitors as they struggle to produce affordable electric vehicles while keeping manufacturing costs under control,...

Business

Volkswagen CEO Urges EU to Support Automaker’s Transformation Amid Chinese Competition

Volkswagen Chief Executive Officer Oliver Blume has called on European policymakers to support the automaker’s restructuring efforts, arguing that businesses and governments must...

Volkswagen Recalls More Than 2 Million Vehicles Worldwide Over Steering Risk
BusinessSecurityWorld

Volkswagen Recalls More Than 2 Million Vehicles Worldwide Over Steering Risk

Volkswagen is recalling more than 2.1 million vehicles worldwide over a potential steering defect that could, in extreme cases, lead to a loss...

IG Metall Demands 5% Pay Rise for 3.7 Million German Workers
BusinessEconomyWorld

IG Metall Demands 5% Pay Rise for 3.7 Million German Workers

Germany’s largest industrial union, IG Metall, is demanding a 5% pay increase for about 3.7 million workers in the country’s metal and electrical...

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan
WorldBusinessTechnology

Volkswagen Executive Forecasts 20% Decline in China Car Market

China's passenger car market could shrink by about 20% in 2026, Volkswagen's China chief Ralf Brandstaetter said on Tuesday, as the German automaker...

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan
BusinessTechnology

IG Metall Presses Volkswagen to Honour 2024 Wage Deal

Germany’s IG Metall union is demanding a clear commitment from Volkswagen that it will uphold a major wage and employment agreement reached in...

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan
WorldBusiness

Volkswagen Revamps U.S. Strategy With New Leadership, Pickup Truck Plan

German automaker Volkswagen is preparing a major overhaul of its U.S. strategy, including changes in management and an expanded product lineup featuring its...