Volkswagen Crisis: 100,000 Job Cuts and Plant Closures in Historic Restructuring
Volkswagen AG is preparing for the most significant restructuring in its 87-year history as the German automaker navigates a deepening financial crisis. Facing intense pressure from high production costs, stiff competition in the electric vehicle market, and declining demand in China, the company has signaled plans to implement sweeping cost-cutting measures, including potential factory closures … Read more