Volkswagen has issued a global recall affecting nearly three million vehicles due to a corrosion defect that could lead to steering failure. The campaign includes popular Volkswagen and Audi models built over the last decade.

Volkswagen is considering a massive workforce reduction and the closure of four German plants to address declining profits and sales. The proposal faces intense opposition from labor unions and could significantly impact the European automotive sector.

Volkswagen is weighing a reduction of up to 100,000 jobs to address declining profits and operational costs that remain higher than those of rival manufacturers. The proposed restructuring includes potential factory closures and significant production cuts, facing strong opposition from labor unions.