Right before Christmas, Volkswagen reached an agreement with German unions to reduce its workforce by over 35,000 people by 2030 through a "socially responsible reduction" program. This drastic decision is part of a broader plan to cut costs in the company's domestic market.

For all its talk of radical change, Volkswagen’s (VOWG_p.DE) cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according to details disclosed by company sources.

A new report claims Chinese carmakers are interested in buying Volkswagen's factories in Germany, but this could be only a pipe dream of a company in distress

The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.

Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,

Volkswagen has to show that it’s armed for the future and can make attractive products," he said, adding: "Blume has made himself vulnerable and accountable." Autos correspondent in Germany ...

BERLIN (Reuters) - For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers ...

In the early 2000s, the complaints were similar...We missed that underneath the surface many things were changing,” says Jens Ulbrich, chief economist at the Bundesbank, Germany’s central bank. Back then,

The Czech Republic, also known as Czechia, has built its post-Cold War economy in the same way Germany did post-reunification: with a focus on industry. Manufacturing as a share of GDP has hovered above 20% in the country for the last 30 years, joining Germany in bucking the Western trend of deindustrialization.

The European Union’s largest economy, Germany, is experiencing a deindustrialisation trend due to factors such as high energy costs, unhelpful government policies and investment shortfalls. The country’s fading industrial competitiveness isn’t likely to improve soon,

The EU promised Thursday an "action plan" to help the bloc's beleaguered auto sector as it held talks with industry leaders who have sounded the alarm over emissions fines and Chinese competition. The European Union is under pressure to help a sector that employs 13 million people and accounts