High costs, slowing China: VW's perilous road ahead

Legit | 25-09-2024 03:12pm |

After Volkswagen's bombshell announcement earlier this month that it could close factories in Germany for the first time, company management and unions will begin tense talks on a new pay deal Wednesday. Production costs in Germany are "clearly too high", said a leaflet from VW's management distributed to the workforce at several sites in the country ahead of the talks.

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