As rumored last year, Volkswagen might not be able to avoid closing factories in Germany. The best outcome would be selling some of them to Chinese carmakers that want to start production in Europe.

A softening in the growth of electric vehicle sales has prompted numerous car manufacturers to reconsider their launch schedules and product mix. Just last week, Porsche announced it would add ...

BERLIN (Reuters) -Volkswagen's cost-cutting programme in Germany, signed off with unions last December, has so far led to an average cut in factory costs of 13%, brand CEO Thomas Schaefer told the ...