Volkswagen AG

VOW3

DE0007664039

Auto & Truck Manufacturers

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Volkswagen CEO: union's proposals are 'starting point' but far from sufficient

December 04, 2024 at 10:33 am

BERLIN (Reuters) - Volkswagen CEO Oliver Blume on Wednesday called union proposals for cost savings "a starting point" but said they were not sufficient enough to defend the carmaker's future.

(Writing by Miranda Murray, editing by Rachel More)

Latest news about Volkswagen AG

European Equities End Week Lower in Friday Trading; Wayfair Exits German Market	01-10	MT
Global markets live: Nvidia, Bank of America, Block, Holcim, Unicredit...	01-10
Volkswagen: best market share in France for 8 years	01-10	CF
VW plant in Zwickau must fear for Audi production	01-10	DP
Association: China's EV exports unlikely to grow in 2025	01-10	DP
US to finalize Chinese vehicle crackdown rules next week, Raimondo says	01-09	RE
Volkswagen aims to reduce long-term labor costs with new wage structure	01-09	RE
Field test for charging electric trucks on the A5 completed	01-09	DP
Volkswagen Brand's FY24 Deliveries Edge Down	01-09	MT
Volkswagen: delivered around 4.8 M vehicles in 2024	01-09	CF
VW brand will sell fewer cars in 2024 – China is slowing down	01-09	DP
Volkswagen brand sales will shrink in 2024 – growth in America	01-09	RE
Industry association: Chinese car market likely to grow only slightly in 2025	01-09	DP
Global markets live: Cintas, Amazon, Tesla, Shell, Lufthansa...	01-08
Northvolt owners vote to stay operating while seeking financial rescue	01-08	RE
VW managers to take combined 300-mln-euro pay cut, reports local newspaper	01-08	RE
Owners vote in favor of the continuation of battery manufacturer Northvolt	01-08	RE
Auto stocks fall - CNN reports on Trump's plans for tariffs	01-08	DP
Scout's EV Line Sees Most Orders for Gas Engines	01-08	MT
Volkswagen Management to Take $310 Million Pay Cut Amid Restructuring, Braunschweiger Zeitung Says, Citing Board Member Gunnar Kilian	01-08	DJ
China's auto market picks up at the end of the year – boom in e-cars continues	01-08	DP
VW wants to cut managers' salaries by 300 million euros	01-08	RE
VW managers to take combined 300-million-euro pay cut, reports local newspaper	01-08	RE
VOLKSWAGEN : RBC remains Neutral	01-07	ZD
VW: Management contributes 300 million to the savings program	01-07	DP

Volkswagen AG is a Germany-based company, which manufactures and sells vehicles. The Group consists of two divisions: the Automotive Division and the Financial Services Division. The Automotive Division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. This division focuses on the development of vehicles, engines and vehicle software, the production and sale of passenger cars, light commercial vehicles, trucks, buses, and motorcycles, as well as businesses for genuine parts, large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services Division focuses on dealer and customer financing, leasing, direct banking, and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN.

Employees

651,917

Sector

Auto & Truck Manufacturers

Calendar

17/03/2025 - Q4 2024 Earnings Release (Projected)

More about the company