Posted Jul 24, 2026 at 11:10 AM UTCTExternal LinkThomas RickerVW’s in trouble.Shortly after confirming it was looking at closing plants and cutting up to 100,000 jobs, the world’s 2nd largest auto company posted miserable financials and a desperate outlook as it lays the ground work for a radical overhaul of its business under threat from Chinese upstarts.Volkswagen CFO addresses plant closures, job losses as profits sink[CNBC]Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Thomas Ricker
VW’s in trouble.
Shortly after confirming it was looking at closing plants and cutting up to 100,000 jobs, the world’s 2nd largest auto company posted miserable financials and a desperate outlook as it lays the ground work for a radical overhaul of its business under threat from Chinese upstarts. [Link: Volkswagen CFO addresses plant closures, job losses as profits sink | https://www.cnbc.com/2026/07/24/volkswagen-earnings-autos-germany.html | CNBC]
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