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Global Business News

The Economic Times

Global Business / The Economic Times

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Volkswagen rescue plan 'short on specifics' after tense stakeholder talks

Volkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operations and investment. Analysts noted a lack of agreement on job cuts and plant closures. Volkswagen faces high costs and rising competition from China. The German auto giant is under pressure to restructure its business model.

10 Jul 2026 12:49 pm