A German court has convicted four former Volkswagen managers of fraud and gave two of them prison sentences for their part in the manipulation of emissions controls.

Moritz Frankenberg/dpa Workers from German carmaker Volkswagen were gathering at the company's headquarters in Wolfsburg on Wednesday to weigh a difficult cost-cutting plan negotiated in December ...

Some of those measures include cutting employee wages and potentially closing three of the manufacturer’s German production facilities. In response, nearly 100,000 workers have joined VW strikes ...

Thomas Schaefer, who heads the Volkswagen brand division, said German factories were not productive enough and were operating 25-50% above targeted costs, meaning some sites were twice as ...

VW's response to these tough times has been to propose a 10 percent pay cut, thousands of layoffs, and the closure of three German factories—the first time such a thing will have happened in the ...

Volkswagen plans to close as many as three of its German factories, a move unprecedented in the brand's history, as it looks to cut more than $4.3 billion in costs, The powerful workers' union is ...

“All German VW plants are affected by this. None of them are safe,” works council chairperson Daniela Cavallo added. She said that Volkswagen planned to move some production abroad or ...

The plant became the first VW site to produce only fully electric vehicles in November 2019, after a €1.2 billion ($1.4 billion) investment to convert the factory.

For the first time in its history, German automaker Volkswagen is considering shutting down two of its plants inside Germany. It's a move that shows the mounting pressure from Chinese competition ...

Germany wants to support Volkswagen and help it avoid factory ... for 2024 on the back of weak sales in the key Chinese market. German rival BMW likewise trimmed its profit guidance earlier ...