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VW, Oliver Blume

VW boss Blume says company's cost-cutting goals are set

VW Group CEO Oliver Blume sees no alternative to tough cost-cutting measures at Volkswagen, according to an newspaper interview published on Sunday. "The goal for cost and capacity adjustments has been set,

Automotive News · 4d

VW needs to cut costs after ‘decades of structural problems,’ CEO Oliver Blume says

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Hosted on MSN · 4d

VW cost cutting necessary after 'decades of structural problems', CEO tells paper

Volkswagen's planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. "The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,

Business Insider · 4d

CEO says VW cost cutting necessary after ‘structural problems,’ Reuters reports

Volkswagen’s (VWAGY) planned cost-cutting program was unavoidable in order to remedy “decades of structural problems” at the

motor1.com on MSN · 3d

VW Boss: 'Decades of Structural Problems' Led to Crisis

Volkswagen CEO Oliver Blume says costs in Germany must be "massively reduced." VW Group profits fell 63.7% in Q3 2024 when sales decreased by 8.3%. Pay cuts are planned to avoid closing factories. To say Volkswagen is going through a rough patch would be an understatement.

Reuters6h

After Trump, German political crisis engulfs industry

That compares with a more than 8% rise expected across Europe Inc. Scholz on Wednesday promised short-term relief measures ...

Daniela Cavallo, VW labour chief battling German plant closures

Company’s first female works council boss views clash as fight for the future of carmaking in Europe’s biggest economy ...

CarExpert.com.au on MSN1d

Volkswagen CEO blames its current problems on ‘decades of structural issues’

With its market share in China falling, Volkswagen says its needs to get its house in order back at home base.

21h

Fearing uncertainty, German industry calls for fast snap election

German industry, reeling from high costs and fierce Asian competition, urged Berlin on Thursday to hold snap elections as ...

Autoblog4y

Porsche CEO Oliver Blume will be installed as head of the VW brand

Volkswagen Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle, Auto Motor und Sport said on Tuesday ...

autoevolution12h

Bentley's First Production EV Due 2026, PHEVs Will Survive Well Into Next Decade

Bentley's 2026 electric utility vehicle might slot under the Bentayga in terms of exterior dimensions. It is likely twinned ...

ET Auto6mon

OLIVER BLUME

The unit - set up under former VW group CEO Herbert Diess -has exceeded its budget and failed to meet goals, contributing to Diess' departure and replacement by Oliver Blume last September.

GlobalData on MSN3d

Volkswagen unveils cost-cutting measures to address structural issues

Volkswagen is planning to implement significant cost reductions methods to enhance competitiveness and maintain sustainability.

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