Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands ...

Volkswagen Layoffs: Volkswagen CEO Oliver Blume said in a letter to shareholders, "In total, around 50,000 jobs are due to be ...

German automaker Volkswagen plans to cut 50,000 jobs by 2030 as profits fall due to increased competition with Chinese ...

Europe's largest carmaker said post-tax profits had dropped to their lowest level since 2016.

Volkswagen, Europe’s largest carmaker, has reportedly announced plans to cut around 50,000 jobs in Germany by 2030 as it grapples with mounting global challenges ranging from intensifying competition ...

Volkswagen job cuts target 50,000 roles as profits fall 44% amid China competition, U.S. tariffs, and EV transition ...

“In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany,” Volkswagen CEO Oliver Blume said in a letter to shareholders in the firm’s annual report.

Volkswagen had previously reached an agreement with unions at the end of 2024 to reduce 35,000 jobs by 2030. Credit: Peter J B / Shutterstock.com Volkswagen Group plans to cut 50,000 jobs in Germany ...

Slowing demand, tariffs, and geopolitical uncertainty are cutting into the profits of Volkswagen’s most lucrative brands.

Volkswagen said Tuesday that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016.

German auto giant Volkswagen will cut 50,000 jobs in Germany by 2030. This move comes as the company faces declining profits and intense competition, especially from Chinese electric vehicle makers.

Volkswagen reported a 54% drop in pre-tax profits to €8.9 billon (£6.6 billion), citing US tariffs and a costly strategy shift at Porsche. Net profit after tax fell by around 44% in 2025, from €12.4 ...