Volkswagen eyes up to 100,000 global layoffs as profits slide
An extra 50,000 jobs are still under review, after the group already agreed to cut 50,000 positions by 2030.
BBC News (World), Antara News
Subject
#Volkswagen
Volkswagen weighs 50,000 more job cuts, lifting total to 100,000
Why it matters: The deeper cuts reflect a 20% cost gap, falling sales in China and weaker US demand hit by import tariffs.
Himax chip boom lifts Taiwan’s Wu brothers to $1 billion
What’s new: Their 24% stake gained as Himax shares more than doubled this year on demand for automotive display chips.
BMW cuts 2026 outlook as China weakness and Iran war hit demand
What's new: BMW warned pre-tax profit will fall significantly, and its shares sank 6.5% to a more than five-year low.
Europe’s top carmakers push EU for 70% local-content rule
Why it matters: Volkswagen, Stellantis and Renault want incentives tied to regional production as EV demand stays weak and imports take 26% of the market.