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Volkswagen seeks new era in Germany with old methods

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.
The article from Reuters discusses Volkswagen's strategic plans for 2025, focusing on a significant investment in electric vehicles (EVs) and battery technology, aiming to transition from traditional combustion engines to sustainable mobility. Volkswagen announced a 180 billion euro investment plan over the next five years, with a substantial portion directed towards electrification and digitalization. This includes the development of a new platform for entry-level electric cars, aiming to make EVs more affordable and accessible. However, the company is criticized for its slow pace in transitioning to electric vehicles compared to competitors like Tesla and Chinese manufacturers. Volkswagen's approach includes maintaining a strong presence in China, where it plans to build a new battery plant, and continuing to invest in its home market, Germany, despite challenges like high labor costs and a complex supply chain. The article also touches on the political and economic implications of these investments, including job security concerns and the need for government support in infrastructure for EVs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/volkswagen-seeks-new-era-germany-with-old-methods-2025-01-22/ ]