VW may raise US wages by 11% as of next month - Breaking The News
Download our appPlay StoreApp Store

VW may raise US wages by 11% as of next month

EPA/SEBASTIAO MOREIRA

Volkswagen AG will announce today an 11% wage increase starting next month, the Financial Times reported Wednesday.

With this wage hike, three-quarters of non-union US auto plants owned by traditional automakers have raised wages since a post-strike agreement was reached between the United Auto Workers and Ford, General Motors, and Stellantis.

VW is the latest non-US company to raise wages for US workers following the six-week strike. Nissan has already raised salaries by 10%, Hyundai announced an increase of 25% by 2028, and Honda and Toyota have announced smaller increases.

Related Stocks
Volkswagen
Related News
Honda releases new electric scooter in Vietnam
Honda Motor Co., Ltd. launched on Monday its newest electric scooter, the ICON e:, exclusively in Vietnam.According to the announcement the company's Vietnamese branch made on Facebook, the scooter will be available for purchase in April and cost 29 million dong (approximately $1,130), excluding the battery. The motorbike is run by a lithium-ion battery that can reach some 1.5 kilowatts (KW) of power and can hit a speed of 48 kilometers per hour...
European carmakers' shares sink after tariffs
Various European automobile companies observed on Thursday a dip in the prices of their shares after United States President Donald Trump imposed a 25% tariff on all cars made outside the North American country. The European Automobile Manufacturers' Association (ACEA) then warned that the move will impact the sector in the world, including the US.At 12:50 pm CET, Stellantis NV declined by 3.93%, Mercedes-Benz Group AG by 3.22%, Bayerische...
Toyota CEO visits delayed Japan plant site
Toyota Motor CEO Koji Sato traveled to the planned battery plant location in Japan’s Fukuoka Prefecture after the company announced the decision to postpone its development amid falling global demand for electric vehicles, Nikkei Asia reported on Tuesday.Sato visited the location earlier in the day and met with Governor Seitaro Hattori to officially convey the news. The plant was expected to begin operations in 2028 and play a central role in Toyota's push...
Audi to cut 7,500 jobs in cost-saving push by 2029
Volkswagen's luxury brand Audi announced Monday that it will cut 7,500 jobs in Germany by 2029 as part of a cost-reduction strategy. The layoffs, focused on administration and development roles, are part of a broader restructuring plan to save €1 billion annually. The move is part of broader job reductions across the Volkswagen Group, which is cutting nearly 48,000 positions, including 35,000 at VW, 3,900 at Porsche, and 1,600 at software unit Cariad. "We...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.