Pages Navigation Menu

News, Analysis & Perspective on Autonomous Vehicles

VW to cut jobs, costs in transition to electric, autonomous cars

Volkswagen AG’s main car brand plans to deepen cost cuts and ax more jobs as profits slip in the industry’s shift to electric and self-driving cars. The German carmaker said March 13 it will eliminate as many as 7,000 positions — with measures including early retirement and not filling vacant positions — to achieve an annual profit gain of 5.9 billion euros starting in 2023.

Would you like to receive regular updates on new links?

Your Email