Volkswagen to cut over a quarter of U.S. staff
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Volkswagen AG, the world's fourth largest carmaker, plans to cut more than a quarter of its U.S. staff as it moves its local headquarters from Detroit, it said on Thursday.
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German automaker Volkswagen AG said Friday it will cut investment in auto operations by 6 percent over the next two years and reshuffle its management board as part of an overall reorganization process meant to trim costs.
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Volkswagen  plans to prices its vehicles in the U.S. market more aggressively and drop costly features many customers there don't want, Chief Executive Martin Winterkorn was quoted as saying.
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WOLFSBURG, Germany : Around 4,000 workers at three factories of German car giant Volkswagen halted production for about an hour overnight in the first official warning strikes aimed at putting pressure on management in the deadlocked wage talks, unions
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Volkswagen AG, Europe&#39;s largest carmaker, wants German workers to agree to a two-year wage freeze to cut costs amid a stagnating market in place of the 4 percent yearly raise unions are demanding.
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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The head of personnel at Volkswagen AG said the automaker will have to make dramatic reductions in jobs in Germany if it doesn't get the labor-cost savings it wants in ongoing wage talks, a newspaper reported ...
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Volkswagen  plans to prices  its vehicles in the U.S. market more aggressively and drop  costly features many customers there don't want, Chief  Executive Martin Winterkorn was quoted as saying.
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FRANKFURT  - Around 15,000 workers at German car giant Volkswagen walked off the job in warning strikes aimed at turning up the pressure on management in deadlocked wage talks.
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DaimlerChrysler's (DCXGn.DE)  U.S. arm Chrysler will cut its production by around 90,000  units in the third quarter and around 135,000 in the second  half to try to reduce a glut of inventory, the company said on  Tuesday.
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German car maker Volkswagen  plans production of engines and transmissions in North America to reduce its exposure to the U.S. dollar exchange rate, the German magazine Automobilwoche reported on Saturday.
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Automaker Volkswagen AG said Wednesday that it plans to offer new discounts in Germany on its revamped Golf model as it tries to reach its 2004 sales target, making another departure from the company's resistance to price-cutting.
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Auto parts supplier Delphi Corp. said on Friday it plans to cut up to 5 percent of its work force in 2005 because of increasing pressure from North American vehicle production cuts and rising materials costs.
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German car giant Volkswagen complained that cut-throat competition, high oil prices and the weak dollar had nearly halved its earnings so far this year.
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The head of Volkswagen's Bugatti division, which builds one of the world's most powerful and exclusive sports cars, is to stand down, according to a report in Der Spiegel to be published Sunday.
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BERLIN - German automaker Volkswagen AG said Friday it will cut investment in auto operations by 6 percent over the next two years and reshuffle its management board as part of an overall reorganization process meant to trim costs.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, on Friday said it will cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, accelerating a restructuring plan.