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German Auto Manufacturers Face Deep Crisis, Volkswagen Plans Savings

German car manufacturers are experiencing a deep crisis with significant consequences, as Volkswagen CEO Oliver Blume plans to finalize a savings package by year-end to address the company's challenges while committing to no plant closures until at least 2030.

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First report: die-presse · 24 Jul, 06:27Full coverage: 2 · 5hWindow: 5h
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