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Volkswagen approves 50,000 job cuts amid Chinese competition, weak demand
El FinancieroLO·DE · ES · CN·about 24 hours ago
IG Metall leader Christiane Benner signals openness to transferring Volkswagen plants to Chinese manufacturers like Xpeng, a notable shift from prior resistance to closures. This reflects deepening pressure on German auto industry amid EV transition and could reshape European manufacturing footprint.
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