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German auto workers stage nationwide protests as factory closures loom

Volkswagen writes down €10 billion as Porsche losses mount

2 Sep 21 · 5d ago · 2 articles · 1 source · development 2 of 3

VW Group recorded an $11.5 billion (€10 billion) write-down on Friday, with €6 billion attributed to its 75% stake in Porsche, which has been hit by slowing China sales and overproduction of electric vehicles relative to demand.

Volkswagen writes down €10 billion as Porsche losses mount
arstechnica.com

Christiane Benner IG Metall ChairwomanIG Metall Germany's largest industrial unionVolkswagen Group Major German automakerMercedes-Benz Major German automakerThomas Schaefer VW brand head

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1–2Volkswagen writes down €10 billion as…3Union calls on manufacturers to take…
Sep 22Sep 23Sep 24yesterdaynow · 12:15 PM ET

Reported in the same hours no headline names this development itself — these 2 claims were published in its stretch

  1. 1 outlet Auto Industry Workers Protest in Germany Against Job Cuts, Industrial Policy

    first by WSJ US Business, 5d ago

  2. 1 outlet German auto workers protest to save jobs and factories in crisis-hit industry

    first by Le Monde EN, 5d ago

All 3 developments of German auto workers stage nationwide protests as factory… →

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