Car Dealership Guy
[NEWS] Volkswagen is about to make history:
After almost 90 years, VW might shut down some of its German auto factories.
Why now?
VW is aiming to cut costs as China-made EVs devour market share in Europe.
And despite heavy investments, VW’s EV sales lag way behind leaders like BYD and Tesla.
Bottom line: China's EV boom is becoming a massive challenge for Europe’s auto giants. If VW follows through on its warning, the automaker will have a major uphill battle…
https://x.com/guydealership/status/1...977068809?s=61