In Volkswagen’s deepening troubles, a reflection of the mounting risks facing Germany.
Discussions seen following increased vigilance on both sides toward US import tariffs by the Trump administration.
It is not a question of distributing the 35,000 job losses “fairly” between east and west Germany, but of preventing them.
Volkswagen has been struggling these past few years, but now the German automaker has a plan to become competitive again.
In an effort to increase agricultural mechanization in Nigeria, German automaker Volkswagen has announced plans to build an e-tractor manufacturing plant there.
It looks like the situation could be even worse than expected. Porsche said it would cut 1,900 jobs at two German plants by 2029 (via Bloomberg ), blaming “challenging geopolitical and economic conditions.” The sites include Porsche’s Zuffenhausen and Weissach plants, where it aims to reduce around 15% of the workforce.
Germany’s auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen AG, Mercedes-Benz Group AG and hundreds of parts makers dangerously behind in the transition to electric vehicles.