Volkswagen must solve most of its problems on its own

“Volkswagen” said in early September that the company needs significant restructuring to remain competitive, and it is considering closing production plants for the first time in its 87-year history in the country.

“Volkswagen itself will have to handle most of the tasks,” Haabeck said during a visit to the company’s plant in Emden.

He refused to comment on the information published in the media that several thousand jobs could be at risk in the company, stating that he cannot interfere in the company’s policy.

But politicians could help the auto industry by finding ways to send the right “signals to the market,” Haabeck said, without pointing to possible state aid for Volkswagen.

The minister particularly emphasized the need to increase the demand for electric cars, telling him that electric cars are the future.

Sales of electric cars in Germany have fallen significantly this year, as the government has canceled subsidies for the purchase of these environmentally friendly vehicles, dealing a blow to automakers that have made significant investments in the rest of the production of electric cars.

Source: www.diena.lv