Losing ground in the race to produce electric vehicles, German and French carmakers are heading toward a disruptive wave of factory closures, Bloomberg writes.<\/p>\n
Volkswagen AG is considering factory closures in Germany for the first time in its 87-year history․<\/p>\n
The reasons are clear: Europe’s efforts to compete with Chinese rivals and Tesla Inc. in electric cars are faltering.<\/p>\n
“VW is recognizing just how serious the situation is,” said Harald Hendrikse, an autos analyst with Citigroup. “We’re living in a difficult geopolitical world, and Europe has not won that battle.”<\/p>\n
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Losing ground in the race to produce electric vehicles, German and French carmakers are heading toward a disruptive wave of factory closures, Bloomberg writes. Volkswagen AG is considering factory closures in Germany for the first time in its 87-year history․ The reasons are clear: Europe’s efforts to compete with Chinese rivals and Tesla Inc. in […]<\/p>\n","protected":false},"author":2,"featured_media":87204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,35,43,47,101],"tags":[],"class_list":["post-87320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","category-world","category-society","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/87320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/comments?post=87320"}],"version-history":[{"count":0,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/87320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media\/87204"}],"wp:attachment":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media?parent=87320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/categories?post=87320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/tags?post=87320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}