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BMW Recalls 1.5 Million Cars, VW Ends Job Protections

DeFi Daily News by DeFi Daily News
September 11, 2024
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German carmakers are sinking deeper into a crisis undermining the future of the country’s most important industry, with BMW AG warning that profits will get hit by a costly brake problem and Volkswagen AG scrapping job protections that workers have enjoyed for three decades. Bloomberg’s Oliver Crook reports.
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Tags: auto industryautomotiveAutomotive IndustryBMWbusinesscarscompany newsCostsEconomyendsgerman economyGermanyjobJob CutsjobsMillionProtectionsrecallsVolkswagenVolkswagen AGVW
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