Volkswagen Downfall !!!!!
My dear auto enthusiast,
Last day I came across this video of the current downfall of Germany's car giant VW. currently all the major car manufactures face this issue let it be in EU or USA. I thought if you are a moto enthusiast or some one who is interested in global trade and economy you should be seeing this video on YouTube the link is provided below.
Volkswagen is facing a number of challenges, including slow progress in its transition to EVs and a declining market share in China. The company's EV sales have stagnated due to the high price of its EVs and its attempts to bring all EV-related processes in-house, which have not been successful. Volkswagen's business in China is also being squeezed by local alternatives, and the company is losing market share. This is also due to the escalating EU-China trade war. Additionally, Volkswagen's complicated governance structure makes it difficult for the company to make big decisions.
I hope this summary is helpful. I recommend watching the full video on YouTube.