Date
9/25/2024 3:12:27 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
Volkswagen, a symbol of Germany’s industrial might in the years
after World War II, is now experiencing an event that could affect
the Economy and Political landscape of this country – the closure
of factories, Azernews reports.
The company’s struggle to transition from traditional internal
combustion engines to electric vehicles (EV) highlights the broader
challenges facing the German automotive industry. As Europe’s
largest economy struggles with increasing competition, declining
production and political instability, the prospect of Volkswagen
plants closing could mark the beginning of a new and challenging
era for Germany as an industrial power.
In mid-August, the Volkswagen electric car plant in Zwickau was
shut down. The company has already abolished night shifts and
terminated contracts with hundreds of temporary workers. What
started as a cost-cutting measure quickly turned into a seismic
event: one of Germany’s most famous manufacturers announced that it
could close factories for the first time in its 87-year history.
The move not only signals Volkswagen’s problems, but also
highlights a broader crisis in Germany’s industrial sector.
Although the country still has strong industrial potential, the
competitive environment has changed in recent months. The rise of
China and the tightening of environmental regulations pose a real
threat to Germany’s traditional industries.
Chancellor Olaf Scholz and his government will have to find a
way to balance short-term electoral problems with long-term
programs to revive the German economy. To avoid a crisis, Germany
needs to create another economic miracle in the industry to become
the leader of clean energy in Europe.
The future of the German economy and its industrial identity now
depends on whether companies like Volkswagen can successfully
survive this turbulent period. Currently, the company’s
difficulties are related to the fact that old industrial models do
not meet the requirements of the 21st century.
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Publish date : 2024-09-25 12:22:00
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