Volkswagen in Crisis in Germany: The Potential Factory Closures and the Mistake of Blaming the Rise of Electric Cars
(Taylor, Otero, and Maurizio) Volkswagen, one of the titans of the global automotive industry, finds itself at a historic crossroads. The iconic German brand has announced its decision to close two factories in Germany, an unprecedented move in its long history. This drastic step is a consequence of the radical transformation the automotive sector is undergoing, primarily driven by the rise of electric vehicles (EVs) and the decline in sales of conventional cars.
(Taylor, Otero, and Maurizio) Volkswagen, one of the titans of the global automotive industry, finds itself at a historic crossroads. The iconic German brand has announced its decision to close two factories in Germany, an unprecedented move in its long history. This drastic step is a consequence of the radical transformation the automotive sector is undergoing, primarily driven by the rise of electric vehicles (EVs) and the decline in sales of conventional cars.