Volkswagen Troubles Deepen Across the Globe As Sales Shrink and Massive Layoffs Loom

Time is losing patience with Volkswagen, whose plans to cut 10 billion euros in costs have failed. The German carmaker has announced a production halt at its US factory in Chattanooga, while other plants are reportedly on the chopping board in China and Europe. A new report from Germany claims that Volkswagen Group CEO Oliver Blume is considering laying off 30,000 workers in Germany, risking an open war with the unions. I've written ... (continue reading...)