The crisis in the German auto industry is gaining momentum: Volkswagen freezes the creation of a new electric model According to Reuters, the project to develop the Golf electric car had to be stopped due to the fact that the brand's flagship plant could not cope with its cost-cutting plan. The management requires the site to reduce costs by an additional 300 million euros. At the same time, the performance of other German brands is deteriorating. Bild notes that in the third quarter, Audi's net profit fell by 87% compared to the same period last year, and amounted to only 95 million euros. This result was caused by a sharp drop in the global sales of the brand by almost a fifth (19.7%). news. up to a maximum.

The crisis in the German auto industry is gaining momentum: Volkswagen freezes the creation of a new electric model According to Reuters, the project to develop the Golf electric car had to be stopped due to the fact that the brand's flagship plant could not cope with its cost-cutting plan. The management requires the site to reduce costs by an additional 300 million euros. At the same time, the performance of other German brands is deteriorating. Bild notes that in the third quarter, Audi's net profit fell by 87% compared to the same period last year, and amounted to only 95 million euros. This result was caused by a sharp drop in the global sales of the brand by almost a fifth (19.7%). news. up to a maximum.