2024-09-07 05:50:08
Business
Economy
Automotive
VW Major Shareholders Called to Repay Dividends Amid Crisis
Image courtesy of : AFP (MORITZ FRANKENBERG)
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t-online
Economy
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Left Party leader Janine Wissler demands the repayment of billions in dividends by VW shareholders to secure jobs; she presents a four-point plan to promote electric cars, modern trains, and buses; CDU and SPD in Lower Saxony demand quick briefing on the VW crisis.
stern
Left party demands VW major shareholders to repay billions in dividends
Economy
Politics
Finance
VW major shareholders are supposed to repay 4.5 billion euros in dividends as the corporation needs money. Employees and taxpayers should not bear the burden of mismanagement, while shareholders benefit. VW announces cost-cutting measures with plant closures and layoffs due to the challenging situation in the European automotive market and deteriorated competitiveness.
The Guardian
An ‘earthquake’ at Volkswagen – and a crisis for Germany?
Economy
Politics
Volkswagen, a crucial company for Germany's economy, faces a crisis as it considers factory closures and job cuts to save €10bn. Workers at the Wolfsburg plant protested the company's plans, with Volkswagen Group CEO Oliver Blume acknowledging the company has been 'living beyond its means'. Daniela Cavallo, head of the works council, vowed 'bitter resistance' and said 'we are the VW family'. Opposition politician Gitta Connemann warned that a crisis at VW could impact the entire German economy...
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