Volkswagen Faces Historic Crisis Amidst Economic Challenges
The auto giant grapples with potential job cuts and plant closures as it navigates a turbulent transition towards electric vehicles.
- Volkswagen is considering significant cost-cutting measures, including potential plant closures and job reductions, due to declining sales and increased competition.
- The shift to electric vehicles is contributing to the crisis, with up to 300,000 jobs in the German auto industry at risk by 2035, though it also presents opportunities for new roles.
- Internal tensions at VW are heightened by the involvement of the state of Niedersachsen, which holds significant influence over company decisions.
- The broader economic context in Germany is challenging, with the government facing criticism for its handling of economic policies amidst a looming recession.
- Industry experts emphasize the need for strategic adjustments and policy support to facilitate the transition and maintain competitiveness in the global market.



















































































































































































































































































