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Almost two-thirds of VW employees in Germany see no improvement in the automaker's corporate culture nearly two and a half years after its diesel emissions fraud was revealed.
German prosecutors searched offices at Audi's headquarters and its plant in Neckarsulm, Germany, in connection with the suspected manipulation of diesel engines in Europe.
Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW.
German union IG Metall threatened to cripple vehicle production at VW AG if top executives at the automaker continue to block sizable pay increases for German staff.
German prosecutors searched the homes of several current and former Audi employees in connection with the automaker's involvement in parent VW's diesel-emissions cheating scandal.
Germany's most powerful union, IG Metall, is escalating a dispute over wages and flexible working hours with day-long strikes planned that threaten to hit automakers and suppliers.
Continental aims to float part of its business on the stock exchange before the end of the year, a German business publication reported.
Continental hired JP Morgan to advise on a possible reorganization that could see a breakup of the company's business units as it repositions for a market focused on EVs and AVs, Reuters reported.
Workers at German companies, including Audi and BMW, are staging further walkouts amid labor talks seeking higher pay and shorter working hours.
VW has cut the salaries and suspended the bonuses of 14 members of its works council, including the council's head Bernd Osterloh, as prosecutors investigate alleged earlier overpayment.
Audi said it was recalling 330,000 cars in Germany due to possible problems with electrical connections for the auxiliary heater that could cause fires.
Opel has reached an agreement with unions to trim working hours and offer early retirement packages. The deal is aimed at cutting costs after PSA acquired the money-losing automaker from GM.
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