How VW’s disaster may reshape the worldwide automobile business | The Dip

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. Consultant Manuel Vermeer warns that Germany and Europe must come up with a joint stance, both with and against China, or risk declining even further.

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