Herbert Diess addresses the future of the German auto industry, referencing his experience at Volkswagen Group and BMW.
1 report, 1 independent
Updated Sep 7
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What happened
Herbert Diess addresses the future of the German auto industry, referencing his experience at Volkswagen Group and BMW.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Europe and Germany are facing industrial shifts, with the Volkswagen Group being involved in the changes.Also in this story
- A plant located in Martorell, Spain, is producing the ID. Polo model for sale across Europe, noting high demand in the German market.
- High domestic labor costs are cited as a factor reducing Volkswagen Group's profits.
- Nomura analyzes the economic situation in Europe, noting signs of collapse and political shifts in Germany.
- Volkswagen Group is slashing its product lineup and closing factories while also partnering with n+Bikes for an e-bike effort.
The entities involved
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Volkswagen Group
German automotive manufacturing conglomerate
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BMW
German automobile manufacturer, and conglomerate