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Volkswagen
VW advisers push sale of Ducati, Lamborghini after Everllence deal
Volkswagen is facing mounting pressure to sell prized brands including Ducati and Lamborghini as its financial crisis deepens, with advisers pushing the automaker to capitalize on the momentum from its recent Everllence divestiture, according to a report in the Financial…
Volkswagen stock nears 15-year low on reports of 100,000 job cuts
Shares in Volkswagen AG fell nearly 2% on Monday to approach their lowest level since October 2010, after reports emerged that the automaker is preparing to eliminate up to 100,000 jobs and close four German factories in one of the…
Volkswagen to end Bosch self-driving partnership after €1.5B investment
Volkswagen plans to terminate its automated driving partnership with Bosch, ending a collaboration that absorbed roughly €1.5 billion without delivering competitive technology, according to a report by Germany's Bild newspaper on Sunday.
VW CEO plans to cut 100,000 jobs worldwide, report says
Volkswagen CEO Oliver Blume is planning to eliminate up to 100,000 jobs worldwide over the coming years, according to a report by Manager Magazin published on Wednesday, marking a dramatic escalation of the German automaker's already sweeping restructuring campaign.
Bain Capital wins bid for Volkswagen’s Everllence unit
Bain Capital is set to acquire a controlling stake in Volkswagen's marine and heavy diesel engine division Everllence, concluding one of Europe's most hotly contested private equity auctions this year, the Financial Times reported on Wednesday.
VW CEO lays out sweeping restructuring at annual meeting
Volkswagen CEO Oliver Blume used the automaker's annual general meeting on Thursday to lay out a sweeping plan for the future, warning shareholders that rising geopolitical tensions, fierce competition, and trade barriers demand faster and deeper changes at Europe's largest…