"Management is absolutely serious about all this. This is not a discussion. We are talking about a deep modernization, a significant overhaul to adapt to the changing market." This indicates Volkswagen’s commitment to tackling the challenges posed by intense competition and economic factors.
"With intense competition from China, a weakening economy, and high interest rates, Volkswagen faces unprecedented challenges. The potential job cuts and plant closures illustrate the dire state of the European auto industry." This highlights the factors contributing to the current crisis.
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