According to several European media outlets, Volkswagen is coming under growing pressure related to competition from Chinese manufacturers, a weaker outlook for the German automotive industry, and a tense situation within the group's leadership. Shortly before her planned re-election, Susanne Wiegand, until now the only independent member of Volkswagen's supervisory board, resigned from the board. Spiegel.de ↗
According to published information, there is concern among members of Volkswagen's leadership about the group's future. In an anonymous internal survey, six of the nine executive board members reportedly described the situation as a threat to the company's continued existence, while the remaining three described it as tense. The company is also preparing further cost-cutting measures and layoffs. idnes.cz ↗
Analysts warn that cost-saving programs alone may not be enough. According to them, Volkswagen needs not only to cut spending but, above all, to bring attractive models to market. Critical voices were also expected at the group's general meeting held today. HVG ↗
An important factor is developments in Asia and the Pacific, especially in China. There, purely electric cars were reportedly registered in greater numbers than internal-combustion vehicles for the first time in April. At the same time, Chinese manufacturers are no longer entering Europe only through imports but are building production capacity directly in the European market. According to experts, this could in the future lead to a fundamental transformation of European brands, including Volkswagen and Škoda. novinky.cz ↗
Volkswagen faces pressure from China and concerns within the group's leadership
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (3)
Volkswagen: Susanne Wiegand tritt als Aufsichtsrätin zurück
Spiegel.de
| 10:20 18.06.
VIDEO: Opitý vodič bez vodičského preukazu spôsobil v Poľsku zrážku, zadržal ho policajt mimo služby
STVR (Spravy)
| 10:14 18.06.
Značky jako Škoda nebo VW zůstanou, ale budou patřit čínským obrům
idnes.cz
| 10:00 18.06.
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