www.antena3.ro/economic/auto/criza-financiara-de-l

Volkswagen has halted the development of the fully electric Golf model at its Wolfsburg site due to significant cost-cutting measures. CEO Thomas Schaefer acknowledged the importance of the Golf but stated that the company cannot afford the project at this time. This decision highlights the financial pressures facing the largest car manufacturer in Europe, which is also planning to cut 100,000 jobs and close up to four factories in Germany. Volkswagen reported its largest quarterly loss in a decade and is urging stakeholders to support its restructuring efforts. Tensions are rising with the IG Metall union, which is considering strikes, especially after Audi announced a $4 billion investment in a new factory in the U.S. Despite the suspension, the company assures that the launch of the ID. Golf will not be delayed significantly, although it reflects the strained financial situation of the group.