Volkswagen Slashes German EV, Cabriolet Production Amid Waning Demand
Volkswagen is reorganizing its German production due to waning demand, particularly for electric vehicles and cabriolets. The automaker has not named a specific production chief for this task, though CEO Oliver Blume has been involved in discussions.
Volkswagen is reducing production at its German plants in Emden, Zwickau, and Osnabrück. The decision comes amidst a decline in sales, notably for models like the Jetta, GTI, and Golf R, which saw a nearly 50% drop. In the US, Volkswagen's third-quarter sales decreased by six percent, despite Audi maintaining its sales in the region. However, SUV sales in the US saw a six percent increase, indicating a shift in consumer preference.
Volkswagen's production cuts in Germany aim to align with current market demands. While SUV sales show promise, the decline in electric vehicle and cabriolet sales has led to a reduction in production at key plants. The automaker has not yet named a specific production chief for this task, but CEO Oliver Blume is involved in the reorganization process.
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