******* Welcome To Innovation Diary ******
Volkswagen’s decision to close factories within Germany is a stark indicator of the rising pressures facing German industry. Long a pillar of the German economy, Volkswagen has historically provided well-paid jobs to tens of thousands of Germans. However, with surging energy costs, supply chain disruptions, and increased competition from more cost-effective markets abroad, Volkswagen’s operating expenses have ballooned, making domestic production less viable. For instance, the cost of energy alone has doubled since 2019, forcing the automotive giant to rethink its manufacturing footprint within Germany.
China | Singapore | Indonesia | Japan | Tiawan | Russia
SUBSCRIBE ► [ Ссылка ]
**************************************************************************
MUSIC: StoryBlocks/Audio Library
🎥FOOTAGE licensed through StoryBlocks and Filmpac.
**************************************************************************
DISCLAIMER: Our channel is purely made for Information purposes, based on facts, rumors, and fiction.
Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.
Thank You for watching!
#USDollar #EconomicCrisis #Chinatechnology #chinaeconomy
