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Volkswagen plans big changes due to crisis

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Volkswagen sells fewer cars in the first 6 months. The number drops by 6 percent. Business in China is very bad. People there buy 26 percent fewer VW cars. In Europe and America sales are better. The brand Audi sells fewer cars too.

Boss Oliver Blume wants to change the company. The situation is very serious. He wants to close 4 factories in Germany. This concerns Emden, Zwickau, Hannover and Neckarsulm. 120,000 jobs might end by the year 2030. Many car models will end.

The supervisory board rejects the saving plan. The state Niedersachsen and the union are against it. They do not want to close factories. Oliver Blume wants to continue the plan. He wants to lower the costs. Only then is the company competitive.

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Definitions

Sales
The amount of goods a company sells in a time.
Supervisory board
A group of people that controls a company.
Competitive
If a company is as good or cheap as others.

People

Oliver Blume
The boss of the car company Volkswagen.

Locations

China
A big country in Asia and a big market for cars.
Niedersachsen
A state in Germany that owns parts of Volkswagen.

Sources

Logo Bild
Bild

Dramatischer Einbruch des Absatzes: Flaute in China trifft Volkswagen knallhart

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Logo FAZ
FAZ

Business-Liveticker: VW-Absatz sinkt fast um 9 Prozent | FAZ

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Logo VOL
VOL

VW plant Schließung von vier deutschen Werken bis 2034

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Logo Spiegel
Spiegel

(S+) Meinung: Deutschland muss sich vom Mythos Volkswagen verabschieden – Leitartikel

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