Volkswagen shares hit an 11-week high Friday after the supervisory board of Europe's largest automaker struck an ambitious turnaround agreement...

Volkswagen announces plans to cut 100,000 jobs by 2030, marking a historic restructuring amid economic challenges.

Volkswagen, the world's second-largest automaker, is trying to get more nimble. It's planning huge job cuts as Chinese automakers step up competition.

Volkswagen’s board backs 50,000 additional job cuts, fewer models and a smaller industrial footprint as the carmaker targets a 9% margin by 2030.