Volkswagen pumps the brakes on ID.7 U.S. launch due to cooling sales and shifting market conditions.
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“No Longer Competitive,” Volkswagen Brand Facing Job Cuts, $11 Billion in Cost Savings
The iconic Volkswagen brand is facing major problems that make it “no longer competitive,” the automaker told its staff on Monday, and that has triggered a 10 billion euro, or $10.9 billion, cost saving program that will include job cuts. More from Headlight.News.