Declining Sales and Factory Closures
Volkswagen's troubles are manifesting in several ways:
electric vehicle Setbacks: The company has experienced a rapid decline in electric vehicle sales in the United States, forcing a recall of 100,000 vehicles due to faulty doors.
Production Halts: Ongoing technical issues have led to a complete stop in production for nearly a year.
Factory Closures in Germany: Inefficient operations have resulted in the closure of factories and the layoff of thousands of workers, sparking outrage among German unions.
Chinese Market Struggles: Contrary to expectations, Volkswagen's sales continue to decline even in China, leading to the shutdown of two factories according to local media reports.