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Volkswagen, a German economic icon, plans major cuts amid crisis, facing competition from Chinese EV makers.
Volkswagen, a symbol of Germany's post-war recovery, faces major economic challenges.
Originally commissioned by Hitler, the Beetle became a global icon, followed by successful models like the Golf and T1 Bus.
Now, the company is considering closing plants, cutting jobs, and reducing pay to save €4bn, partly due to losing ground to Chinese electric vehicle makers.
This crisis highlights the emotional and economic importance of VW to Germany.
5 months ago
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