{Lackluster economic growth as well as higher energy, living and borrowing costs in Europe have weighed on demand for its ID fleet of EVs.}
Even now VW poor managment fails to address the real reasons for its woes
Huge debts that need paying back (Current Volkswagen Total Debt
123.89 B ) and also its poor car tech
Not to mention lack of brand trust from 11 million owners following “Dieselgate” and “Emissionsgate which equates to approx 25 pc of total above debt
Germanys economy which is now in recession relies heavily on this one
manufacturer
Volkswagen is the biggest of Germany’s car makers and one of the country’s largest employers, with more than 270,000 jobs in its home country and even more working for suppliers
Not surprised if we see more troubles ahead
