cnbc.com·3 min read·medium
VW top investor calls for faster overhaul to fend off Chinese rivals
S
Sam Meredith
✦AI Summary
Volkswagen's primary shareholders are pressuring management to implement a radical restructuring plan, including potential job cuts of up to 100,000 employees. The company faces significant financial pressure from high tariff costs and intense competition from Chinese automotive manufacturers.
Volkswagen 's top investor and controlling family shareholders on Friday issued their clearest message yet to management as the German auto giant weighs the prospect of what could be the most radical overhaul in the firm's 89-year history.
businesseconomyworld
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