Commentary: Only Volkswagen itself can solve Volkswagen's crisis
The corporation is aware of its problems - but the management, works council and owners are blocking each other. In the end, one person is particularly pleased about this: the competition.
Volkswagen is facing significant challenges, including declining business in China and increasing competition from Chinese manufacturers in Europe. The company's electric cars are not generating enough profit, and US tariffs imposed by Donald Trump are affecting the earnings of its Audi and Porsche divisions. Volkswagen's costs are high and its organization is complex, with four German plants lacking a secure outlook for the next decade.
A compromise on a restructuring plan is yet to be reached, with the board, employees, and the state of Lower Saxony at odds, increasing the likelihood of an escalation at an extraordinary general meeting.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
