After 70 hours of negotiations, the largest negotiation in Volkswagen's 87-year history has finally come to an end. Volkswagen Group has reportedly reached a restructuring agreement with its unions. It plans to reduce the production capacity of German factories by 734,000 vehicles by 2030 and eliminate 35,000 jobs through early retirement. It is expected to save 4 billion euros in operating costs every year. The restructuring plan shows that the Dresden plant will be closed in 2025: the production of the iconic Golf model will be transferred to Mexico. The production line of the headquarters factory in Wolfsburg has been reduced by half, but an electric vehicle production line will be added. Employees need to accept bonus adjustments and basic salaries remain unchanged. The European car market is experiencing a chill, with many car companies taking tightening measures. Sellamtis and other vehicle manufacturers and parts suppliers have successively announced layoff plans. The European Commission will launch a strategic dialogue on the "Future of the European Automotive Industry" in January 2025.

The German Metals Union held a press conference in Wolfsburg, where Volkswagen is headquartered, on November 20, local time, and once again clearly opposed the salary cuts, layoffs and factory closures proposed by Volkswagen management. The union said that in order to reduce the company's production costs, it can accept reducing working hours to retain more jobs, and incorporate part of the planned increase in workers' wages and bonuses into a "future fund" to help companies cope with risks. The union estimates that these measures can help Volkswagen reduce labor costs by 1.5 billion euros. If this plan is not accepted by management, a "large-scale strike never seen before in this country" will be held from December 1.

On June 25th, American electric vehicle manufacturer Rivian announced that it had received a $5 billion injection from Volkswagen and the two sides would also establish a joint venture.

On November 24, Volkswagen China stated on its official Weibo that Volkswagen (China) Technology Co., Ltd. will develop the group's first electric vehicle platform for the Chinese market within three years。

On July 27, German carmaker Volkswagen said it expected to deliver between 9 million and 9.5 million vehicles this year due to the uncertain economic situation, down from its previous target of 9.5 million.。