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Volkswagen chief warns the automaker's situation is critically serious
Germany
First seen: Aug 24, 2026, 9:02 AM UTCUpdated: Aug 24, 2026, 9:02 AM UTC
WHAT HAPPENED
Volkswagen's chief executive described the company's situation as “more than critical.”
SO WHAT?
Further deterioration at a major automaker could affect jobs, suppliers and the wider European industrial economy.
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