Volkswagen Needs A Lot More Money
VW is slashing 7,000 jobs while they get ready to launch new electric vehicles, which are simpler to build and don't need as many staff. But after a week, the German automaker CEO Herbert Diess is persuading the company to be more expeditious so it can obtain its goals. According to the VW boss, they should be able to bag a huge amount of money with their vehicles so that they can invest in the future. As many folks in the auto industry know, Volkswagen has suffered with regard to profitability. They're looking at channeling funds into a bunch of electrified cars under the ID label, comprising a crossover, hatchback, sedan, and a Microbus inspiration. VW is aiming to come up with 22 million EVs in the next decade. It's easier and quicker to build EVs—about 30% less time.
Read more on Motor Trend.
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