Volkswagen VZ Aktie News

Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker more freedom to cut costs and shape its future.

GALLATIN, Tenn. — Tennessee Republican Gov. Bill Lee said Monday that he thinks workers at a Volkswagen plant in Chattanooga made “a mistake” by voting to unionize under the United Auto Workers in a landslide election, but acknowledged the choice was ultimately up to them.

The historic vote could have wide-ranging impacts on other automakers, organized labor and the overall U.S. automotive industry.

Shawn Fain tells the Guardian he expects ‘more of the same to come' after celebrating union's historic victory at Tennessee plant

Some experts say the outcome at a plant in Chattanooga, Tenn., may be organized labor's most significant advance in decades.

The United Auto Workers has made history by winning its first unionization vote at an auto factory in the U.S. South. Now it needs to prove the success wasn't a fluke by pulling off a second victory at a Mercedes plant in Alabama next month.

Volkswagen workers in Tennessee voted decisively to become a union shop, according to election results released Friday, marking the first victory for organized labor at a foreign-owned auto plant in the American South.

The Volkswagen plant in Chattanooga is set to become the first unionized auto factory in the South not owned by one of Detroit's Big Three.