Summary
- Volkswagen reports steep decline in third-quarter earnings
- Significant cost cuts are urgently needed
- Possibility of first plant closures in Germany angers employee representatives
- Company cites industry headwinds and increased competition from Chinese electric cars
![[Photo News] Mercedes-KERI EV charging research](https://i2.wp.com/res.heraldm.com/phpwas/restmb_idxmake.php?w=120&resize=120,86&ssl=1 "[Photo News] Mercedes-KERI EV charging research")
