Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
Volkswagen sales in China itself dropped 36% because they don’t offer competitive EV’s compared to local EV’s. The quality and innovation of Chinese EV’s is well ahead of what European manufacturers can offer.
Even what were regarded as luxury brands like BMW and Mercedes have lost more than 30% sales.
It has nothing to do with the Chinese threat but all do to with lack of innovation and investment in new technologies.
https://autofreak.com/vw-bmw-mercedes-china-sales-collapse-q2/