- Jun 26
Volkswagen plans 100,000 job cuts and closure of four German plants in deepest overhaul in its 89-year history
Europe's largest carmaker weighs a radical restructuring that would double earlier cut targets, break a union pact, and shrink production capacity to 9 million vehicles a year.
- Jun 25
Volkswagen sells majority of engine builder Everllence to Bain Capital for €7.4 billion
The German automaker is handing over 51 percent of its large-engine subsidiary to the US investor, keeping 49 percent, while securing German jobs until 2030.
