Volkswagen job cuts: Is Europe's auto industry facing a deeper crisis?
Volkswagen is considering closing up to four factories in Germany, according to Reuters - a move that could put as many as 100,000 jobs at risk. CNBC's Ritika Gupta and Annette Weisbach examine the latest developments and what they reveal about the challenges facing Europe's auto industry. From rising competition out of China to the transition to electric vehicles, could Volkswagen's restructuring signal a deeper crisis for European carmakers?
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