The Volkswagen Group has a demand problem for its all-electric cars in Europe, which soon might affect its main factory in Zwickau, Germany.
- the weakened demand, combined with reduced subsidies, higher inflation, and competition from Tesla and Chinese imports, might translate into a reduction of production and employment.'s flagship projects. The company transformed a factory for internal combustion engine cars into a 100% all-electric car production site. The original plan was to maintain employment from the ICE era through an increase of all-electric car production capacity to 330,000 .two hatchbacks: Volkswagen ID.
"Volkswagen continues to be 100% convinced of the path to electromobility ... however, in light of the current market conditions we can not extend 269 contracts which will run out shortly after a 12-month duration." Other articles say that a few hundred jobs out of 10,700 in total might be affected as soon as October.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volkswagen ID.4 vs. Tesla Model Y: Which EV crossover wins?The Tesla Model Y is perhaps the best-known electric crossover, but it's not the only one. Can the Volkswagen ID.4 put up a fight against it?
Read more »
Thousands are marching in New York to demand that Biden 'end fossil fuels'The protest comes after a summer of extreme weather events and just ahead of a U.N. summit aimed at prodding global leaders to cut emissions more quickly.
Read more »
Protesters demand end to fossil fuels ahead of climate summit in New YorkYelling that the future and their lives depend on ending fossil fuels, tens of thousands of protesters on Sunday kicked off a week where leaders will...
Read more »
Thousands expected to march in New York to demand that Biden 'end fossil fuels'The protest comes after a summer of extreme weather events and just ahead of a U.N. summit aimed at prodding global leaders to cut emissions more quickly.
Read more »
Consumer rights groups demand reform as major Texas electric company profits from power cutbacksConsumer rights groups are banding together after learning a major Texas electric customer made millions of dollars cutting back on their power.
Read more »
Tens of thousands march to demand end to fossil fuels ahead of U.N. climate summitOrganizers estimated 75,000 people took part in Sunday’s March to End Fossil Fuels in New York City, ahead of a special United Nations summit on Wednesday.
Read more »