Volkswagen's plan to cut 35,000 jobs in Germany by 2030 is on track, with over 20,000 workers at the core VW brand agreeing to end their contracts early, the Bild newspaper reported on Tuesday citing a works council meeting at the carmaker's Wolfsburg headquarters.
German automaker Volkswagen said the company is planning to increase investments in the US to reduce the impact of tariffs and strengthen its position in the auto market.
Porsche struck a deal on Friday to set up its China research and development centre in Shanghai's Jiading district, according to a local government statement.
Volkswagen is holding "fair" and "constructive" talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told the SZ newspaper in an interview published on Friday.
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