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How VW's crisis could reshape the global car industry
Published 3 months ago
Description
Volkswagen’s reported plans for deeper job cuts and possible German plant closures have turned into a warning sign for the wider car industry. The company is being hit by weaker demand, high costs, US tariffs and tougher competition from Chinese electric carmakers. VW has not publicly confirmed the reported cuts, saying the issue will go through its internal decision-making process.