Volkswagen warns of more cost cuts as profits plunge

Volkswagen’s future is at risk without further cost-cuts, the ailing German auto giant warned Thursday after profits plunged more than feared as headwinds mount. The carmaker is struggling with Chinese competition, US tariffs and patchy demand for electric vehicles, and already has plans to axe 50,000 jobs across all its brands in Germany by 2030. […] The post Volkswagen warns of more cost cuts as profits plunge appeared first on Digital Journal.