Volkswagen to go aggressive on restructuring, to cull Spanish marque Seat
Thomas Schaefer, Volkswagen's brand head, made the declaration amid workers' protests that started after the automaker issued a profit warning...
Tag : Oliver Blume
Automobile conundrum: Germany’s industrial crown jewel under pressure
One after another, German automobile companies are announcing restructuring plans, only to meet opposition and scrutiny from labour unions...
Volkswagen approves Oliver Blume’s plan for 50,000 more job cuts, US expansion
Volkswagen's restructuring plan also explores alternatives for four German plants that will eventually run out of models during the next decade...
Oliver Blume vs workers: Stormy board meeting awaits Volkswagen CEO
Radical measures like doubling the job cuts, closing factories and divesting parts of the business have ruffled the feathers of the labour unions...
Volkswagen CEO doubles down on job cuts, weighs ‘intelligent’ plant overhaul
Oliver Blume-led Volkswagen is facing headwinds like tariff costs, stiff Chinese competition, and pressure on its manufacturing networks...
IF Insights: Volkswagen Law returns, putting CEO Oliver Blume to fresh test
Blume's organizational shake-up plan faces strong opposition from workers' unions and key shareholders, with the latter having the power to block it...
Volkswagen overhaul: CEO Oliver Blume may face union test again
The proposed closures at Hanover, Zwickau, and Emden, along with Audi’s Neckarsulm site, would put over 45,000 jobs at risk, on top of 50,000 cuts announced in 2024...
Skoda retreats as Chinese EVs dominate
Volkswagen will continue to sell Skoda models in the Chinese market in collaboration with a regional partner until mid-2026...
Business Leader of the Week: All eyes on Oliver Blume as Volkswagen enters choppy waters
Oliver Blume, who became the group's CEO in 2022, has kept up positive relations with the unions and the influential Porsche and Piech families, who own Volkswagen...