VOLKSWAGEN

Volkswagen is planning an unprecedented restructuring that could include thousands of job cuts

Volkswagen And Rivian Launch Joint Venture Valued At $5.8 Billion

With this venture, the two companies plan to bring "best-in-class software technology" and "next-generation electrical architecture" for future electric vehicles of the companies. The deal will cover various kinds of vehicles, which would also include subcompact cars.

Volkswagen Profit Plunges On High Costs, Chinese Slump

Volkswagen is planning an unprecedented restructuring that could include thousands of job cuts
The German car giant -- whose 10 brands range from its core VW models to Seat, Skoda and Porsche -- has been hit hard by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
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