Problems at Volkswagen
The bosses at Volkswagen are very worried. Many leaders say: The company is in danger. The profit of VW goes down. It fell by almost 30 percent in 3 months. VW sells fewer cars in China and North-America. Local firms in China are a big competition.
Crisis at BMW
BMW also has problems. The company changes its goals. It expects much less profit now. The economy in China is weak. People there buy fewer cars. Also, the war in the Middle East hurts the firm. The costs for energy are very high. This makes building cars expensive.
Plans to save money
Both firms want to save money now. BMW plans new cars with electric motors. These cars should bring success back. It is not clear if jobs get lost at BMW. Managers at Volkswagen want a new plan fast. The situation remains very hard for both firms.
