Wednesday, September 4, 2024

Volkswagen signals difficulties ahead

Volkswagen management is predicting the closure of two of its plants and the loss of thousands of jobs.

This, the company says, is due to a downturn in sales of cars across Europe since the Covid pandemic.

VW is also struggling with its EV rollout.

Should it close a production line it will be the first time in 87 years.

The company employs 650,00 worldwide and 300,000 across Germany.

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