Latest Chinese electric vehicle manufacturers News & Updates

New Delhi, June 26 (IANS) German auto giant Volkswagen Group is considering one of the most extensive restructuring exercises in its history, with Chief Executive Officer Oliver Blume reportedly weighing plans that could result in up to 100,000 job cuts, the closure of multiple factories in Germany, and a significant reduction in investment spending.According to a report by Manager Magazin, the proposed overhaul is awaiting approval from the company’s board and would involve a 15 per cent reduct…