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Volkswagen reboots strategy with massive job cuts and ambitious EV targets

ArenaEV
Flat sales and falling profits have forced the Volkswagen Group to change its corporate direction. The German automotive giant kept global deliveries flat at 9.0 million vehicles, but its financial performance suffered a big blow. In response, CEO Oliver Blume revealed a comprehensive plan to secure the company’s future by 2030, with the strategy relying on huge workforce reductions to… Read more…

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