Part 4/8:
Volkswagen's challenges are compounded by its staggering debt of over $200 billion. As Chinese EV makers look to circumvent hefty European tariffs by establishing manufacturing bases within Europe, the threat to the competitiveness of European manufacturers becomes evident. The current climate appears to be a concerning harbinger for the traditional automotive industry, as they risk becoming further obsolete in the face of more agile and cost-efficient Chinese competitors.