HeyJaredChristina Amann
- Indexed articles, last 90 days
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- Sep 18, 2026
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Volkswagen crisis worsens with $11.5 billion profit warning, largely due to Porsche struggles (opens the original)
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BERLIN/FRANKFURT, Sept 18 — Volkswagen on Friday flagged €10 billion ($11.5 billion) in one-off costs, mostly at struggling sports car brand Porsche , deepening a crisis at the world's second-largest automaker that has already triggered the group's biggest-ever restructuring. The profit warning deepens a crisis at Volkswagen, one of Europe's most storied industrial heavyweights that illustrates the continent's struggles with changes to the massive geopolitical environment affecting its top two
Volkswagen crisis worsens with $11.5 billion profit warning, largely due to Porsche struggles - AOL (opens the original)
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BERLIN/FRANKFURT, Sept 18 (Reuters) - Volkswagen on Friday flagged €10 billion ($11.5 billion) in one-off costs, mostly at struggling sports car brand Porsche , deepening a crisis at the world's second-largest automaker that has already triggered the group's biggest-ever restructuring. The profit warning deepens a crisis at Volkswagen, one of Europe's most storied industrial heavyweights that illustrates the continent's struggles with changes to the massive geopolitical environment affecting its
German union demands Volkswagen commitment to 2024 labour agreement (opens the original)
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HANOVER, Germany, Sept 11 (Reuters) - Germany's IG Metall is demanding Volkswagen commits to honouring a landmark labour deal struck in 2024, a leading union representative said, citing fears that a recent turnaround agreement could undermine it with mass job losses. IG Metall members on Friday decided to invoke a legal clause, which was part of the agreement reached in December 2024, to that effect, Thorsten Groeger told reporters in Hanover. The move marks an escalation in the fight for Vol
German union demands Volkswagen commitment to 2024 labour agreement - AOL (opens the original)
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HANOVER, Germany, Sept 11 (Reuters) - Germany's IG Metall is demanding Volkswagen commits to honouring a landmark labour deal struck in 2024, a leading union representative said, citing fears that a recent turnaround agreement could undermine it with mass job losses. IG Metall members on Friday decided to invoke a legal clause, which was part of the agreement reached in December 2024, calling management to the table for talks on the matter, Thorsten Groeger told reporters in Hanover. The move ma
Volkswagen finds defence future for German plant amid major overhaul - AOL (opens the original)
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OSNABRUECK, Germany, Sept 7 (Reuters) - Volkswagen on Monday struck a preliminary deal that will see one of its German sites switch to defence production under new ownership, a first in the automaker's efforts to restructure plants struggling to compete with lower-cost Chinese rivals. The deal offers a potential blueprint for other Volkswagen sites facing an uncertain future as Europe's largest carmaker embarks on its biggest ever restructuring to revive margins and battle chronic overcapacity i
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