Volkswagen reportedly plans to lay off up to 100,000 employees worldwide in a massive downsizing that illustrates how Chinese competition is reshaping the global automotive industry.
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Volkswagen reportedly plans to lay off as many as 100,000 employees worldwide in a massive downsizing that illustrates how Chinese competition is reshaping the global automotive industry.
Why it matters: European automakers are faltering in China and on their home front as Chinese automakers like BYD deliver high-quality, low-cost electric vehicles.
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