Volkswagen is struggling significantly in China, where local EV manufacturers dominate and push Western automakers out of the profitable market, damaging Volkswagen's bottom line.
In the U.S. market, Volkswagen's sales are alarmingly low, equivalent to low-tier brands like Fiat, failing to capitalize on the second-largest car market's potential.
Volkswagen's financial troubles may jeopardize its $5 billion commitment to Rivian, threatening the future of the EV company and its partnerships.
The company faces additional pressure from the struggling EV market and regulatory challenges in Europe, making it crucial for Volkswagen to prioritize its core operations.
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