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Will Volkswagen have to close factories to avoid sales slump? | DW News
Posted
September 5, 2024
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September 5, 2024
435,153
3,375
2,102
1.26%
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11:06Now PlayingGermany is a by-word for car manufacturing. But today Volkwagen has issued a warning that has people wondering whether it has reached the end of road as an industrial power house.
At a special meeting of the workforce at its headquarters, VW executives told employees the company may have to close factories in Germany if it's to survive a huge slump in car sales. Competition from Chinese car makers and a failure to innovate in electric car technology has left them chasing the pack.
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