CEO Oliver Blume also told employees Wednesday that the company must end a three-decade-old job protection pledge that would have prohibited layoffs through 2029.
Workers aren't the only ones worried as Volkswagen weighs its first closure of a German auto plant
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The Volkswagen Group, which also includes Audi and Porsche, plans to launch 40 new models in China over the next three years and to have a lineup of 30 EVs by 2030 in what Volkswagen CEO Oliver Blume told investors Wednesday is the company’s “second home market.”
Volkswagen rethinking Chinese consumers in bid to overtake upstart EV makers
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