VW austerity package: Expert on threatened VW plants: "Race to survival"
Zwickau is a cradle of automobile construction in Germany. But the struggle for survival is getting tougher. What can help the location from the perspective of an auto expert - and why armaments are not an alternative.
Volkswagen's supervisory board has made decisions that exacerbate competition between threatened locations, according to automotive expert Werner Olle. The board recently approved the elimination of 50,000 jobs worldwide, in addition to previously agreed cuts of 50,000 jobs in Germany by 2030. Olle suggests that a future agreement for the Zwickau location could reduce labor costs and secure its survival, citing a similar successful agreement in the 1990s.
He also proposes that VW consider developing new models with Chinese partners, like competitor Stellantis, which is set to produce an electric SUV in Saragossa, Spain, developed with Chinese company Leapmotor.
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.
