Volkswagen

Volkswagen is preparing to cut 50,000 more jobs globally, adding to previous reductions, as it confronts declining profits and rising competition, particularly from Chinese automakers.

Unions plan protests as Volkswagen considers cutting tens of thousands of jobs and closing factories due to US tariffs, electric vehicle challenges, and competition in China.

Volkswagen dismantles its autonomous driving partnership with Bosch and eyes production of China-developed models in Germany, while Aston Martin doubles down on performance at Goodwood.