Volkswagen AG (VWAPY)

Milei’s Revamp Offers CEOs a Hint of Optimism on Argentina

(Bloomberg) -- In the early days of Javier Milei’s presidency, Volkswagen AG’s South America chief wasn’t too happy with him. Now he’s part of a chorus of business leaders feeling encouraged about Argentina for the first time in years.Most Read from BloombergThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictInside NYC’s Playbook for Getting Federal Grant FundsA Courtyard Apartment Building Designed for Southwest SprawlThe Tartarian CandidateBooming Cambridge Exposes En

VW works council head says company to shutter three Germany plants, Reuters says

Daniel Cavallo, head of Volkswagen’s (VWAGY) works council, said that the car maker intends to shut down at least three factories in Germany, cut tens of thousands of jobs, and shrink its remaining factories in the country as it plots a deeper-than-anticipated revamp, Reuters’ Axel Schmidt, Christoph Steitz, and Christina Amann report. “Management is absolutely serious about all this. This is not sabre-rattling in the collective bargaining round,” Cavallo told employees at the carmaker’s biggest

As Volkswagen closes plants in Germany, where is production headed?

Volkswagen has announced a historic decision to shut plants in Germany, slash salaries and cut thousands of jobs.

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  Volkswagen Aims to Slash Jobs and Close Plants, Works Council Says

  The Wall Street Journal
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  Volkswagen's labour chief warns of mass layoffs, plant closures in Germany

  Reuters