Volkswagen Faces Restructuring as Profitability Falls and China Competition Intensifies
Volkswagen is dealing with one of the biggest challenges in its history as profitability declines, new technologies arrive, and competition from China intensifies. With global production capacity exceeding demand, the automaker is pursuing a far-reaching restructuring program that could reshape operations in Germany and beyond. The debate centers on factory utilization, rising costs, and its ability to compete.