Volkswagen plans to cut costs to address long-standing structural issues. CEO Oliver Blume said weak market demand in Europe and lower earnings from China highlight these problems, according to a detailed report by Reuters.

Cost cutting necessary after 'decades of structural problems: Volkswagen CEO

Volkswagen Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.

Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks

German prosecutors charged former Volkswagen CEO Martin Winterkorn and four others with fraud in the emissions cheating scandal that has helped turn many Europeans against diesel engines and accelerated the push toward electric cars.

WION Wallet: Former VW CEO charged with fraud in Germany, may face 10 yrs of imprisonment

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Cost cutting necessary after 'decades of structural problems: Volkswagen CEO

Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks

WION Wallet: Former VW CEO charged with fraud in Germany, may face 10 yrs of imprisonment