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Volkswagen (VOW3 GY) has 20% cost disadvantage against similar companies; this could potentially impact 50k jobs, CEO Blume says in an internal memo
StockNow breaking-news AI analysis
Volkswagen faces a 20% cost disadvantage, triggering a board-rejected restructuring plan. With sales sliding in China and labor relations deteriorating, investors remain highly skeptical of the company's recovery prospects.
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