VW, BMW and Mercedes Are In Trouble. Here's How They Plan To Fix It

VW, BMW and Mercedes Are In Trouble. Here's How They Plan To Fix It

All three companies saw massive profit declines in the first quarter, and the challenges are far from over.

The turn to the electric car will have "significant job effects", says VDA President Hildegard Müller. But that is not the only danger.

Citroën CEO Thierry Koskas has launched a clear message to European governments: if we want to accelerate the transition to electric mobility, it is essential to strengthen the network of charging points. During the presentation of one of the brand models, the manager stressed that while manufacturers are doing their part in launching affordable electric vehicles, the responsibility for facilitating their use lies with the public authorities. "T…