Mercedes will cut costs to fund EVsSept. 11
Mercedes says the launch of its EQ electric vehicle family could mean it may not meet its profit margin target in the midterm. The automaker plans a $4.8 billion cost-cutting program to counteract the expected pressure on earnings.
Audi plans $12 billion in cost cuts to fund EV push, report saysJuly 31
Audi plans to reduce costs by 10 billion euros ($12 billion) to help fund a shift to EVs, Reuters reported. The bulk of the savings would come from cutting research and development costs, sources said.
BMW looks to trim costs by $1.14 billion, report saysJuly 7
VW will reduce management ranks in cost-cutting moveJune 27
Mueller sees further conflict with VW unions on cost savingsMay 10
How VW plans to achieve job cuts in GermanyMay 10
VW hopes to finalize plans this year to reduce its German workforce by a net 14,000 workers by the end of the decade without using costly severance packages, as the brand seeks to save 3 billion euros in domestic labor costs to help offset the costs of its diesel scandal.
VW targets productivity gains, will break even in N.A. in 2020May 5
VW's Diess wins labor backing for reform plans, paper saysMarch 17
VW Group's powerful labor chief, Bernd Osterloh, said a dispute with VW brand boss Herbert Diess over how to implement reforms at the automaker's core brand has been laid to rest. "That's history," Osterloh told a German newspaper.
VW brand's cost-cutting likely to slow down on product offensiveMarch 13
Volkswagen's core brand reduced its fixed costs in Germany for the first time in nearly a decade last year, but management doesn't expect the brand can maintain the same momentum as it launches its biggest product offensive to date.
VW brand chief Diess gets backing from Porsche-Piech clan, report saysFeb. 24
PSA's Tavares says Opel deal would find 'speedy' savingsFeb. 23
PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.
VW will cut 30,000 jobs to revive core brandNov. 18, 2016
VW Group will cut 30,000 jobs globally to help achieve $3.92 billion in annual savings by 2020. The automaker aims to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions-cheating scandal.