Browsing Tag
Oliver Blume
5 posts
Volkswagen already planned 50,000 job cuts, but Oliver Blume says that may not be enough
Volkswagen chief executive officer Oliver Blume has warned that as many as 50,000 additional jobs could theoretically be affected if the automaker cannot close its overhead-cost gap through other measures. The potential reductions would be separate from approximately 50,000 German roles already scheduled to disappear by 2030, but no final additional layoff target has been approved.
Volkswagen (VOW3) Q2 deliveries fall 8.6% as China plunges 36.6% amid restructuring
Volkswagen (VOW3) Q2 deliveries fall 8.6% as China plunges 36.6%; core brand -14%, Porsche -18%. Model halving collides with Zwickau plant protests.
Volkswagen already planned 50,000 job cuts, so why is Oliver Blume reportedly targeting 100,000 now?
Volkswagen is reportedly considering up to 100,000 global job cuts, four German plant closures and a 15% investment reduction, potentially transforming Europe’s largest automaker into a smaller, more decentralised and financially disciplined industrial group.
Volkswagen Brand Group Core Q1 2026 operating profit climbs 38% to €1.54bn as ID.4 USA exit drags Volkswagen brand margin to 0.4%
Volkswagen Brand Group Core hit a 4.4% Q1 margin. The flagship Volkswagen brand managed 0.4%. Skoda Auto is now carrying the entire portfolio.
Rivian (RIVN) R2 launch and Uber robotaxi deal put 2026 at the centre of the EV turnaround story
Rivian (NASDAQ: RIVN) is launching the R2 SUV, closing a USD 1.25B Uber robotaxi deal, and receiving fresh VW funding. Here is what retail investors need to know.