Europe's largest carmaker, Volkswagen, announced it would cut as many as 50,000 jobs in its domestic market, Germany, by 2030, as its profit slid to its lowest level since 2016. "In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany," Volkswagen CEO Oliver Bl»»»

For 2026, Volkswagen said it expected a core profit margin of between 4% and 5.5%, potentially lower still than the 4.6% it achieved this year. (EPA Images pic) WOLFSBURG: Volkswagen said Tuesday that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016. “In»»»

WOLFSBURG, Germany: Volkswagen said Tuesday (Mar 10) that it would cut 50,000 jobs in Germany by 2030 as its profit slid to its lowest level since 2016. "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 s»»»

WOLFSBURG, Germany, March 10, 2026 (BSS/AFP) - Volkswagen said Tuesday that earnings after tax fell about 44 percent last year as US tariffs, fierce competition in China and a costly revamp of its sportscar-maker Porsche all weighed on performance. Earnings after tax in 2025 came in at 6.9 billion »»»