The update followed a high-stakes boardroom showdown with the group's supervisory board.

Volkswagen Group’s comprehensive cost-cutting package to combat Chinese manufacturers’ expansion is pending approval from its Supervisory Board as the...

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest…

Volkswagen plans to halve its model lineup amid job cuts and plant closures, facing tensions with labor representatives.