Volkswagen, Europe’s largest automaker, is grappling to stay competitive in the electric vehicle market. The CEO of Volkswagen brand cars, Thomas Shafer, recently declared, “We are no longer competitive,” as the company announced additional job cuts. As the automotive industry undergoes a seismic shift towards EVs, Volkswagen is working tirelessly to remain in the race against formidable competitors like Tesla.

With the rapid rise of EVs, Volkswagen finds itself struggling to adapt to the new realities. During a staff meeting, Thomas Shafer highlighted the critical issues faced by the… Read more…