TRTWorld June 10, 2026 Volkswagen’s plans for a defence partnership with Israel’s Rafael have been vetoed by the German automaker’s Qatari investors, media reported. Qatar’s sovereign wealth fund, Volkswagen’s third-largest shareholder, rejected the management’s proposal to manufacture missile components and military vehicles at the company’s Osnabruck plant, the Bild newspaper reported on Friday. The move comes after […]
Tag: Volkswagen
Volkswagen is reportedly planning to slash 100,000 jobs and close four German plants
Quartz By Cris Tolomia June 26, 2026 Volkswagen is considering cutting up to 100,000 jobs and shutting four German factories, according to Reuters. The plans would represent the biggest restructuring in the automaker’s 89-year history. Among the sites earmarked for shutdown are three Volkswagen plants — in Hanover, Zwickau, and Emden — as well as Audi’s […]
Volkswagen to slash 50,000 jobs in Germany
RT March 11, 2026 The EU’s largest automaker, Volkswagen (VW), has announced that it will cut about 50,000 jobs in Germany, citing plunging profits, soaring energy costs and mounting trade pressures. In its annual report on Tuesday, VW said that net income nearly halved in 2025, falling to €6.9 billion (over $8 billion), its […]
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