Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce. The job cuts would come alongside the planned closure of four factories in Germany and a 15% reduction in investment over the next five years, according to a report Friday by Manager Magazin, a German business magazine. The report added that Volkswagen – Germany’s biggest automaker and one of its major employers – is planning to spin off its main Volkswagen brand and auto parts business into separate entities.
The company owns several other brands including Audi and Porsche. A Volkswagen spokesperson declined to comment to CNN on “internal, confidential documents.” “The underlying matters will be discussed and approved in the respective committees,” the spokesperson added. “We will not pre-empt this process.” VW employs almost 660,000 people worldwide and had already announced plans to slash 50,000 jobs in Germany by 2030. The company has one US assembly plant, in Chattanooga, Tennessee, which has more than 4,000 workers. Like many European carmakers, it has been squeezed by fresh tariffs on its exports to the United States as well as struggling to counter the rise of Chinese electric vehicles manufacturers, including BYD.
The Volkswagen spokesperson said the company required “sharper focus as well as stricter discipline over costs and investment” to meet its new reality, adding that its traditional business model – making cars in Europe and exporting them globally – “no longer works” for all of its brands. Any job cuts will likely meet resistance from German unions. “If such plans are pushed forward, we would prevent them with all our might,” labor union IG Metall and Volkswagen’s General Works Council said in a joint statement on Friday. Shares of Volkswagen were down 1.5% early afternoon local time. Its stock has dropped by more than a quarter so far this year.
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Number of Casualties in Leipzig Car Ramming May be as High as 80 Getty Images OLIVER JJ LANE5 May 2026968 While the picture is unclear because many were ‘walking wounded’ who left the scene without talking to medics, it is thought the Leipzig car attack may have struck as many as 80 people on Monday. The alleged driver of a car that was ploughed through crowds on a busy shopping street and a historic market square appeared before a court on Tuesday after being arrested at the scene on Monday afternoon.
The suspect, a 33-year-old German citizen, is said to be a local amateur boxing coach. Police say they do not believe the car being driven through the crowds was accidental and they are treating it as a deliberate attack, but say they don’t believe there is any political or religious motivation, NTV reports. The alleged perpetrator was already known to police, it is said, and had left a psychiatric hospital the day before the attack. If the facts as presented turn out to be true, the deaths in Leipzig may again speak to state failure, where a patient at a mental hospital has been allegedly expelled after violence towards staff and fellow inmates, exposing the general public to this danger rather than transferring the individual to a more secure unit. On Monday afternoon, a car was driven at speeds of “at least” 50 kilometres per hour (30mph) through the pedestrianised city centre of Leipzig, eastern Germany.
As reported on Monday, two people were declared dead at the scene, and they have now been identified as a 63 year old woman and 77 year old man reports Die Welt. The number of injured has remained unclear, although it has quickly risen from around a dozen to as many as 80. Three of those are said to be seriously injured and in critical condition, but the total number is unclear as many lightly injured individuals are thought to have left the scene without checking in with paramedics to either check themselves into hospital or go home.
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The controversial Tennessee pastor told congregants on Sunday that federal investigators raided his family home less than two months ago. The June raid came during a six-week sabbatical Locke took after…
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A German tourist has died after a snake crawled into his trousers and bit him as he watched a show in Egypt on a family holiday, police in Germany have said. The 57-year-old man was watching the snake-charming show at a hotel in Hurghada, a popular beach holiday destination on the Red Sea, in early April. The two snakes involved, thought to be cobras, were draped over the necks of audience members, police in southern Bavaria state said.
“The ‘snake charmer’ then let one of the snakes crawl into the trousers” of the German man and it bit him in the leg, they said in a statement. The victim showed “clear signs of poisoning” and had to be resuscitated before being taken to hospital, where he later died, they said. The man – who was not named in the statement – came from the Unterallgäu district of Bavaria and was on holiday with two relatives. German police and prosecutors are investigating his death and are awaiting the results of a toxicology test. When contacted by Agence France-Press, Egyptian authorities said they were not aware of the incident.
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An unruly passenger caused a United Airlines flight from Germany to Chicago to be diverted to a Boston airport on Monday morning. United Airlines flight 945 was diverted to Logan Airport, where it landed around 8:30 a.m. Chicago time due to the unruly passenger. According to the Massachusetts State Police, the passenger was restrained on the flight, but was cooperative by the time troopers boarded the plane. EMS also responded to evaluate the passenger, who declined medical attention.
The flight, a Boeing 787, was heading to Chicago’s O’Hare International Airport from Frankfurt International Airport. It had 231 passengers and 12 crew members on board. United said in a statement after the passenger was removed, “the flight then continued to Chicago.” The individual was placed into custody by U.S. Customs officials and was later taken to Massachusetts General Hospital.
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China on Monday conducted a rare test of a submarine-launched ballistic missile in the Pacific Ocean, sparking criticism from New Zealand and Australia for actions that…
Another heat advisory will be in effect for Broward and Miami-Dade counties as “feels like” temperatures soar to around 105 Tuesday afternoon. The advisory will be…
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A 10-month-old girl has died along with two other people after a tree toppled during an Easter egg hunt in northern Germany, police say.
The 100-foot tree fell on four people participating in the event on Sunday morning in woods near the town of Satrupholm.
The baby girl died in hospital, while her 21-year-old mother died at the scene as she was being treated by first responders, as did another 16-year-old girl.
An 18-year-old woman suffered serious injuries and was brought to the hospital by helicopter.
The incident took place as around 50 people from a nearby residential facility for new mothers, pregnant women and children hunted for eggs in the area, which had been under a high winds warning from the German weather service.
Grief counsellors were sent to the scene, where pictures published by the Bild news site showed several Easter eggs scattered on the ground and two of the victims covered in white sheets.
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President Donald Trump delivers speech at Mount Rushmore before Americas 250th birthday. A celebration of the Greatest civilization and country that has ever been created. Source:…
The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American…
The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American…
The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American…
The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American…
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Now all has been heard; here is the conclusion of the matter: Fear God and keep his commandments, for this is the duty of all mankind. Ecclesiastes 12:13
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The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American Independence. It will highlight the stories of the crucial characters and events that resulted in a small rag-tag army defeating the mightiest empire in the world and establishing the…
Fireworks won’t be the only thing keeping people awake this Fourth of July weekend. As temperatures across the Big Apple soar into the triple digits, a staggering 850,000 New Yorkers are expected to sweat through America’s 250th birthday without air conditioning — and this Postie is one of them. To be fair, I’m a terrible…
The White House Salute to America 250 Task Force has partnered with Hillsdale College to provide a history series that tells the remarkable story of American Independence. It will highlight the stories of the crucial characters and events that resulted in a small rag-tag army defeating the mightiest empire in the world and establishing the…
President Donald Trump has made fighting illegal immigration the centerpiece of his second administration, but for too many families across the country, finding justice has been elusive. Many illegal immigrants who have committed crimes have escaped justice under the Biden administration, while the families of the victims faced ineffective investigations, protracted legal cases, and, in…
The July 4th weekend is here, with millions of Americans expected to gather across the country to celebrate at fireworks displays and barbecues. This year marks a special milestone as the U.S. celebrates the 250th anniversary of its independence. Because July 4 falls on a Saturday this year, companies may observe the holiday on July…
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