"The market is just not there," Antlitz stated, highlighting a significant demand shortfall of 500,000 vehicles due to the shrinking European car market post-pandemic.
Cavallo emphasized the breach of trust caused by management, labeling cost-cutting threats as a ‘declaration of bankruptcy’ for the workers' faith in leadership.
Cavallo criticized CEO Blume for prioritizing the US software deal with Rivian over safeguarding jobs for German workers, raising concerns about the company's direction.
Current circumstances at Volkswagen reflect broader issues within the German economy, including stagnant growth, inflation, and increased competition threatening domestic industries.
Collection
[
|
...
]