Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race
Briefly

from Business Insider6 days ago
Volkswagen, facing a 64% plunge in net profit, announced potential factory closures in Germany for the first time, citing declines in EV sales and competitiveness.
Business Insiderhttps://www.businessinsider.com/germany-auto-giants-volkswagen-bmw-mercedes-struggle-sales-china-evs-2024-10
BMW and Mercedes-Benz have issued profit warnings due to plummeting EV sales in Europe and face fierce competition in China, the world's largest automotive market.
Business Insiderhttps://www.businessinsider.com/germany-auto-giants-volkswagen-bmw-mercedes-struggle-sales-china-evs-2024-10
Read at Business Insider
#automotive-industry #volkswagen #bmw #mercedes-benz #electric-vehicles
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