2024-09-03 23:55:08
Automotive
Economy
VW's Cost-Cutting Plan Sparks Outcry in Germany
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Tagesspiegel
Federal Minister of Economics Habeck comments on the crisis at Volkswagen; Decisions must be coordinated with social partners; Germany should remain a strong automotive location; VW bears a high responsibility; The transition to e-mobility is crucial.
DER SPIEGEL
Volkswagen: Are electric cars the reason for the company's crisis? - DER SPIEGEL
Economy
Germany's largest automotive group Volkswagen is in crisis; the electric strategy is jeopardizing the industrial location; doubts about the model policy of the Wolfsburg-based company.
Deutsche Welle
VW's warning on plant closures in Germany causes outcry
Economy
Politics
VW, Europe's largest carmaker, is considering plant closures and job cuts in Germany, sparking criticism from politicians, labor unions, and the VW works council. The company's cost-cutting plan aims to save €10 billion by 2026, but an additional €4 billion is needed, according to a Handelsblatt report. VW's management, including brand chief Thomas Schäfer and CEO Oliver Blume, cite the "highly challenging" European auto market and Germany's lack of competitiveness. The move would end VW's 1994..
lvz
The VW Crisis: Decline is no longer unthinkable
Economy
Finance
Politics
Volkswagen is facing major challenges: overcapacity, profitability problems, mistakes in electric mobility; the emissions scandal, dependence on China, and problems in future areas such as software and batteries are additional burdens on the company. Despite these problems, the self-confidence of management and the workforce remains high.
lvz
Volkswagen-Krise: Welchem VW-Werk könnte das Aus drohen?
Wirtschaft
Technologie
VW hat 10 Werke, u.a. Wolfsburg, Hannover, Emden, Zwickau, Salzgitter, Chemnitz. Osnabrück und Dresden haben Sonderrollen: Osnabrück baute einst Karmann-Cabrios, übernahm VW nach Insolvenz. Dresden war Endmontage für Phaeton. Emden steht vor E-Mobilität-Umbruch, Schließung unwahrscheinlich, da Niedersachsen Großaktionär. Hohe Investitionen in E-Auto-Produktion würden bei Schließung viel Geld kosten.
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