Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver Blume said "the pie has become smaller, and we have more guests at the table". "Fewer cars are being sold in Europe.
A global slump in sales is prompting automakers to rethink the rush to EVs.
Blume is currently the CEO of both Porsche and Volkswagen, but Volkswagen investors feel that he can’t focus on both.
The aim of the contract negotiations between the Volkswagen board, works council and the IG Metall union is directly the ...
Calls mount for Volkswagen chief to focus on restructuring as management tries to close German factories and cut jobs ...
The talks center on VW's plan to potentially shutter factories in Germany for the first time after scrapping decades-old job ...