Volkswagen Deepens Cost-cutting Overhaul

Dow Jones06-26

Volkswagen has been working on plans for a major overhaul of its business for months as it seeks to slash costs largely through technological advancements.

The German car giant said in a statement that its entire group, including brands and subsidiaries, needs to undergo deep change. The group's executive board has been working for months to develop a realignment plan, it said.

Following approval from its Supervisory Board, the next step will be to implement the transformation, it said.

Volkswagen's comments follow the company's previous decision to cut 50,000 jobs across the group in Germany by 2030. According to a report from Germany's Manager Magazin, the company could cut up to 100,000 jobs.

At its annual shareholder meeting earlier this month, Chief Executive Oliver Blume said that the next few years are crucial.

The group had previously said it sought to transform the business by making changes such as slashing overhead costs, reducing complexities and bolstering technology development.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

June 26, 2026 06:30 ET (10:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2646359878?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-26 18:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646359878","market":"sh","top_or_hot":-1,"title":"Volkswagen Deepens Cost-cutting Overhaul","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Volkswagen has been working on plans for a major overhaul of its business for months as it seeks to slash costs largely through technological advancements. \n</p>\n<p>\n  The German car giant said in a statement that its entire group, including brands and subsidiaries, needs to undergo deep change. The group's executive board has been working for months to develop a realignment plan, it said. \n</p>\n<p>\n  Following approval from its Supervisory Board, the next step will be to implement the transformation, it said. \n</p>\n<p>\n  Volkswagen's comments follow the company's previous decision to cut 50,000 jobs across the group in Germany by 2030. According to a report from Germany's Manager Magazin, the company could cut up to 100,000 jobs. \n</p>\n<p>\n  At its annual shareholder meeting earlier this month, Chief Executive Oliver Blume said that the next few years are crucial. \n</p>\n<p>\n  The group had previously said it sought to transform the business by making changes such as slashing overhead costs, reducing complexities and bolstering technology development. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Aimee Look at aimee.look@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2026 06:30 ET (10:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volkswagen Deepens Cost-cutting Overhaul</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolkswagen Deepens Cost-cutting Overhaul\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-26 18:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Volkswagen has been working on plans for a major overhaul of its business for months as it seeks to slash costs largely through technological advancements. \n</p>\n<p>\n  The German car giant said in a statement that its entire group, including brands and subsidiaries, needs to undergo deep change. The group's executive board has been working for months to develop a realignment plan, it said. \n</p>\n<p>\n  Following approval from its Supervisory Board, the next step will be to implement the transformation, it said. \n</p>\n<p>\n  Volkswagen's comments follow the company's previous decision to cut 50,000 jobs across the group in Germany by 2030. According to a report from Germany's Manager Magazin, the company could cut up to 100,000 jobs. \n</p>\n<p>\n  At its annual shareholder meeting earlier this month, Chief Executive Oliver Blume said that the next few years are crucial. \n</p>\n<p>\n  The group had previously said it sought to transform the business by making changes such as slashing overhead costs, reducing complexities and bolstering technology development. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Aimee Look at aimee.look@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2026 06:30 ET (10:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽车制造商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646359878","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646359878","pubTimestamp":1782469800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Volkswagen has been working on plans for a major overhaul of its business for months as it seeks to slash costs largely through technological advancements.The German car giant said in a statement that its entire group, including brands and subsidiaries, needs to undergo deep change. The group's executive board has been working for months to develop a realignment plan, it said.Following approval from its Supervisory Board, the next step will be to implement the transformation, it said.Volkswagen's comments follow the company's previous decision to cut 50,000 jobs across the group in Germany by 2030. According to a report from Germany's Manager Magazin, the company could cut up to 100,000 jobs.At its annual shareholder meeting earlier this month, Chief Executive Oliver Blume said that the next few years are crucial.The group had previously said it sought to transform the business by making changes such as slashing overhead costs, reducing complexities and bolstering technology developmen","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","VWAPY":"Volkswagen AG"},"translate_title":"大众汽车深化成本削减大修","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWAPY":0.9},"content_text":"Volkswagen has been working on plans for a major overhaul of its business for months as it seeks to slash costs largely through technological advancements. \n\n\n  The German car giant said in a statement that its entire group, including brands and subsidiaries, needs to undergo deep change. The group's executive board has been working for months to develop a realignment plan, it said. \n\n\n  Following approval from its Supervisory Board, the next step will be to implement the transformation, it said. \n\n\n  Volkswagen's comments follow the company's previous decision to cut 50,000 jobs across the group in Germany by 2030. According to a report from Germany's Manager Magazin, the company could cut up to 100,000 jobs. \n\n\n  At its annual shareholder meeting earlier this month, Chief Executive Oliver Blume said that the next few years are crucial. \n\n\n  The group had previously said it sought to transform the business by making changes such as slashing overhead costs, reducing complexities and bolstering technology development. \n\n\n \n\n\n  Write to Aimee Look at aimee.look@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2026 06:30 ET (10:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646359878","isCrawlerRequest":true}