Volkswagen's EV Woes: From 'das auto' to 'drive digger' and the road ahead

Volkswagen, after facing setbacks in its electrification strategy, is announcing plant closures and layoffs. The company's struggles stem from declining sales in China, its largest market, where buyers are shifting towards locally produced EVs. VW's situation is further aggravated by tariff wars, reduced government subsidies, and strong competition from Chinese EV manufacturers like BYD.