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Volkswagen Plans Addl. 50,000 Job Cuts, 50% Drop In Models, 3-figure Bln Investment; Stock Gains
German automotive major Volkswagen AG announced its plan to cut anouther 50,000 jobs as part of its transformation program 'Future Plan 2030' with 12 initiatives for significant cost savings. The firm would also half its model portfolio by 2035, aiming for more resilient and competitive operations under demanding market conditions. In addition, the firm said it will invest a three-figure billion..
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7 dagar sedan
Volkswagen Cuts FY26 Revenue View After Weak Q2 Profit, Volume
German automotive major Volkswagen AG reported Friday lower profit in its second quarter as production and sales volume were hurt, mainly by China. However, sales revenues were higher than last year. Going ahead, the firm said it stays on track in challenging environment and expects improved margin in the second half of the year. Further, the firm maintained fiscal 2026 margin view...
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49 dagar sedan
Volkswagen Shares Gain On Positive FY26 Outlook, Despite Weak Q4
Shares of Volkswagen AG were gaining around 4 percent in the morning trade in Germany after the auto major issued fiscal 2026 outlook expecting growth in operating margin and sales, despite reporting sharply lower profit in its fourth quarter with weak vehicle production and sales. Further, the firm trimmed its annual dividend.
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185 dagar sedan
