
Volkswagen CEO Confirms Plans To Fire 50,000 Employees
According to the CEO of the German car giant, VW’s employee headcount is both about 20% higher than that of its competitors—and too high.

According to the CEO of the German car giant, VW’s employee headcount is both about 20% higher than that of its competitors—and too high.

Born from one government decree, the People’s Car is now slowly succumbing to another government decree.

Last year hybrid-electric vehicles became the most popular powertrain among European car consumers.

Volkswagen is scaling back production in Germany, reflecting Europe’s faltering shift toward fully electric mobility.
The CEO of the Volkswagen Group and Porsche was pleased with the talks, but said he is keeping the details confidential.
The sentencing comes ten years after the German carmaker was caught installing software in cars to manipulate emissions tests.

The carmaker’s announcement comes at a tough time for the ruling left-liberal coalition.