German FAZ: Volkswagen earns almost a third less008893

The Volkswagen Group made significantly less profit last year due to the hard competition in the Far East and due to high conversion costs. The bottom line was that VW earned almost 31 percent less than a year earlier at 12.4 billion euros, as the company said. A significantly lower result came from the former… Continue reading German FAZ: Volkswagen earns almost a third less008893

German Manager Magazin: Volkswagen: Software subsidiary Cariad strokes 1600 jobs004023

The long stumbling Volkswagen-Tware daughter Cariad wants to delete almost every third position by the end of the year. Of the currently 5,900 positions, 1600 should be omitted by the end of December, a company spokesman confirmed on request. The dismantling is to take place in a socially acceptable manner via severance payments and early… Continue reading German Manager Magazin: Volkswagen: Software subsidiary Cariad strokes 1600 jobs004023