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Volkswagen chief says the company’s situation is "more than critical" amid cost-cutting measures
Germany
First seen: Aug 21, 2026, 3:33 PM UTCUpdated: Aug 21, 2026, 3:33 PM UTC
WHAT HAPPENED
Volkswagen is implementing cost-saving measures, and Chief Executive Oliver Blume described the company’s situation as more than critical.
SO WHAT?
Volkswagen’s difficulties could affect jobs, suppliers and the wider German automotive sector.
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