Volkswagen turns to new models, cost-cutting

Volkswagen is accelerating its electric vehicle strategy, retooling its plant near Barcelona, Spain, to produce a new wave of affordable EVs priced around €25,000.

But weaker-than-expected EV demand and high production costs are challenging the shift. Analysts warn that slower uptake could limit scale benefits, even as Volkswagen cuts jobs and reduces expenses to boost profitability. 

 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.