Volkswagen brand is ‘no longer competitive’ as it faces job cuts
Key Points 💰 Volkswagen announces a $10 billion euro cost-cutting measure for its VW brand, including job cuts, due to high costs and low productivity. 🚗 VW brand chief Thomas Schaefer states that the brand is “no longer competitive” during a staff meeting in Wolfsburg. 🔄 Efforts to reduce staff will focus on partial or…