Volkswagen, Europe’s biggest car maker, is in crisis. A shrinking European market, more competition in China and slow electric vehicle uptake mean VW must cut costs. But Volkswagen functions differently from any other car maker in the world. It’s not just VW’s management that has the final say, but also its workers. In this episode of Business Beyond, we look at Volkswagen’s unique governance structure and what it means for the car maker’s ability to react to challenges.
For more from the experts we spoke to:
Clemens Fuest, ifo Institute https://commission.europa.eu/persons/clemens-fuest_en
Carsten Brzeski, ING Germany https://think.ing.com/author/carsten-brzeski/
Martin Murphy, Handelsblatt https://www.handelsblatt.com/autoren/martin-murphy/1986538.html
Matthias Schmidt, European Automotive Market Intelligence https://www.schmidtmatthias.de/
Jens Dralle, Auto Motor und Sport https://www.auto-motor-und-sport.de/autor/jens-dralle/
#Businessbeyond #volkswagen #electricvehicles
Chapters:
00:00 Intro
02:09 Volkswagen’s unique structure
04:50 How did we get here?
08:42 Volkswagen’s cost problem
11:56 Volkswagen’s path forward?
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