Volkswagen's restructuring deal reveals Germany's China problem
4 Articles
4 Articles
Volkswagen’s extensive restructuring – including the cutting of 50,000 jobs and probably the closure of four plants in Germany – underscores the strength of China’s impact on the German economy, as the world’s largest car market, which was a major source of profits a few years ago, quickly becomes...
Pressure in China helps convince Volkswagen it’s time to change
Volkswagen’s sweeping restructuring underlines the force of the China shock hitting Germany’s economy as the world›s biggest car market, short years ago a major profit center, rapidly becomes a major competitive challenge. The stiff headwinds from China facing Germany’s largest carmaker helped break a logjam on the board of directors and convince employee, union and local government officials that Volkswagen needed rapid change. The plan announc…
Volkswagen fights with a powerful opponent: China. VW fears an export swarm from the Far East and complains of an unfair competition. How dangerous is competition from China? Visit to a car dealership in Liebenau in the district of Nienburg.
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