Part 2/8:
Audi recently revealed plans to cut tens of thousands of jobs as part of a larger strategy aimed at reducing expenses and stabilizing the company. Specifically, the manufacturer is set to eliminate around 7,500 positions by 2029, a response to declining sales and profits. Last year, Audi's sales plummeted, reflecting a broader downturn across the industry. The need for cost-cutting measures has never been more crucial, particularly as Volkswagen’s credit rating suffered its first-ever downgrade, signaling deep-rooted issues within the German automotive sector.