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Volkswagen is undergoing a significant transformation, driven by intense competition and the shift toward electric vehicles. The company plans to lay off over 35,000 workers in Germany by 2030, citing high labor costs and the need for greater profit margins to stay competitive. This restructuring will also see a reduction in vehicle production capacity by more than 700,000 units. Negotiations between Volkswagen and the union have resulted in agreements to avoid compulsory layoffs and plant cl..

Volkswagen has embarked on a strategic collaboration with Rivian, investing a substantial €5.8 billion to access Rivian's advanced electric and software architecture. This partnership aims to bolster Volkswagen's capabilities in the evolving electric vehicle (EV) market. The investment includes €3.5 billion for Rivian shares and €2.3 billion for their joint venture, set to operate from Palo Alto, with additional sites planned in Europe and North America. By leveraging Rivian’s innovative arch..