2024-09-04 23:55:08
Business
Automotive
Economy
VW's Savings Program and Layoffs: Key Messages
Image courtesy of : AFP (MORITZ FRANKENBERG)
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taz
Economy
Technology
Politics
The Volkswagen Group is planning a savings program until 2026; a cost gap of 2-5 billion euros; the Supervisory Board must approve plant closures; the state government of Lower Saxony is interested in preserving jobs; weak sales figures in China, missing the transformation to electric cars, the diesel scandal cost billions; criminal proceedings have been initiated against former CEO Martin Winterkorn.
Tagesschau - Wirtschaft und Börsen-Nachrichten
Trial against former VW CEO Winterkorn rejects allegations
Economy
The former VW CEO Martin Winterkorn rejects allegations in the criminal trial on the diesel scandal; he was not an engine developer and was not informed about exhaust gas manipulation.
zeit
Diesel Emissions Scandal: Former Volkswagen CEO Rejects Charges
Economy
Former Volkswagen CEO Martin Winterkorn rejects charges related to the diesel emissions scandal; he was not responsible for engine development, emissions control specialists, or software experts, but rather for strategic decisions as chairman of the board; he must stand trial in Braunschweig on charges of fraud, false statements, and market manipulation; Volkswagen had installed illegal software in millions of diesel vehicles under Winterkorn's leadership.
gmx
Tense atmosphere at VW works council meeting - works council announces resistance
Economy
Finance
At a works council meeting attended by thousands of employees in Wolfsburg, the management of Volkswagen defended the announced austerity measures. The outraged employees responded with a minutes-long chorus of whistles. The works council announced "bitter resistance" against possible plant closures and layoffs.
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