Volkswagen Warns of Factory Closures as It Downgrades 2024 Financial Forecast
Volkswagen has downgraded its 2024 financial outlook amid significant challenges, marking a difficult period for the automotive giant. Facing high production costs, slow progress in its transition to electric vehicles (EVs), and rising competition in key markets like China, VW has warned of potential factory closures in Germany, a move that could lead to major […]