More than 45,000 jobs are at risk amid mounting competition from Chinese rivals

Volkswagen plans to discontinue production at four of its German plants, according to news reports. Read more at straitstimes.com. Read more at straitstimes.com.

Volkswagen plans to cut up to 100,000 jobs and close four German plants in its biggest restructuring ever, driven by EV competition and high production

With falling sales in the US and especially China, VW Group wants to restructure.