Volkswagen’s profits nosedive as it slashes yearly forecasts and faces potential tens of thousands of job cuts amid global headwinds — from political turmoil and U.S. tariffs to relentless pressure from nimble Chinese EV rivals. The automaker’s CEO calls for its biggest restructuring ever, but Germany’s labor unions are already sounding the alarm, warning any layoffs could break existing agreements. In a high-stakes race to stay relevant, VW must shed bloat and speed up — or risk being left behind in the electric revolution.
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