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Volkswagen Earthquake in the Automotive Industry

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BloombergHT

Published on Sep 26, 2024

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German automakers are facing inflationary pressures, high energy costs, slow economic growth in Europe and competition from Chinese automakers as well as Tesla. The German automaker Volkswagen’s decision to close its factories in Germany for the first time in its history as part of austerity and cost-cutting measures on September 2 and its early termination of a 30-year job protection agreement caused a stir in the German automotive sector. Subscribe to BloombergHT YouTube Channel ➤ youtube.com/bloomberght?sub_confirmat... Official Website: http://www.bloomberght.com Social Media Accounts: Facebook: / bloomberght Instagram: / bloomberghttv Twitter: / bloomberght BloombergHT Contact: [email protected]

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