Germany's Economy Minister considers Volkswagen support amid cost-cutting measures, with a "car summit" addressing auto industry challenges.

Germany's Economy Minister, Robert Habeck, is exploring support for Volkswagen, which is facing significant cost-cutting measures due to high operational costs and intense competition. The government will hold a "car summit" to address challenges in the auto industry, including potential job cuts and plant closures. Habeck emphasized VW's importance to Germany while confirming negotiations with unions to address canceled wage agreements.

September 19, 2024
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