International Report - Germany: Volkswagen Car Manufacturer in Turmoil
2 Articles
2 Articles
The crisis of German car manufacturers is so deep that previously unthinkable layoffs and factory closures will come. The engine of the entire Volkswagen concern is now the domestic Škoda Auto, which did not bet everything on one card. Radek Špicar, vice president of the Confederation of Industry and Transport, told the news agency.
The German car group Volkswagen, the first European manufacturer, is multiplying the restructuring plans. After that of December 2024, it has just announced a new one this summer with 50,000 new jobs at stake throughout the world. Struggled by Chinese competition, by US tariffs and by a weak European market, Volkswagen suffers as never before in its existence. To the point that the future of its model factory in Zwickau, in Saxony, its leadershi…
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- 50% of the sources lean Left, 50% of the sources are Center
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