Part 4/10:
In stark contrast to Tesla's thriving model, Volkswagen is experiencing significant difficulties in the Chinese auto market. With profits dropping sharply, Volkswagen Group CEO Oliver Blume revealed plans to cut approximately 45,000 jobs in Germany, reflecting the dire state of the company. The decline in revenue from Volkswagen’s China operations has accelerated alarmingly, marking a transition from being a once-thriving cash cow to a troubling liability.