- Reuters•10 hours ago
BERLIN/FRANKFURT (Reuters) - Volkswagen's (VOWG_p.DE) efforts to reach a deal with labor leaders on cost cuts and strategy are faltering on the finishing straight, with both sides haggling hard over the details. Herbert Diess, head of the German carmaker's core VW brand, wants to cut annual costs at the troubled division by 3.7 billion euros ($4.1 billion) through 2021 in a so-called future pact with workers, sources familiar with the negotiations told Reuters on Thursday, before he met staff at VW's Wolfsburg base. "A collapse of the future pact continues to be possible because we are still lacking essential commitments from the company," works council bosses said on Thursday in a letter to German staff seen by Reuters.
- Bloomberg•12 hours ago
Volkswagen AG plans to cut 3.7 billion euros ($4 billion) in costs at its namesake VW car brand by the end of 2020 to shore up profitability and safeguard investment in future vehicle technology, according ...
Volkswagen AG (VLKAY)
Other OTC - Other OTC Delayed Price. Currency in USD
|Day's Range||29.13 - 29.50|
|52wk Range||24.50 - 32.18|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-19.14|
|Avg Vol (3m)||137,795|
|Dividend & Yield||0.03 (0.09%)|