European Carmakers Struggling
losses, and find new funding from either private or public sources. Underlining the depth of the car industry’s crisis, assembly lines at some Volkswagen plants in Germany have fallen silent this Monday. Europe’s biggest carmaker is switching to a short working week for the first time in 26 years. The move—at six plants in western Germany and one in the east of the country—affects 61-thousand workers. In the UK, van maker LDV is asking the government for 30 million pounds to stave off …
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