Volkswagen Boss Warns 'We Are No Longer Competitive'
Volkswagen Group—Europe’s largest automotive group—has encountered some serious challenges as its main brand needs to cut costs on a massive scale. According to Reuters, Volkswagen Brand CEO Thomas Schaefer warned the staff during a meeting at the carmaker’s headquarters in Wolfsburg that costs are too high, while productivity is too low, which together makes the cars uncompetitive: “With many of […]
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