Part 6/11:
Volkswagen’s CEO publicly expressed frustration over declining EV demand, describing the company’s vehicle business as "sick" and warning that "the roof is on fire." In a strategic response, VW announced an immediate freeze on discretionary spending, except for essential investments—implying a cautious approach to their EV programs.
This stark stance underscores the intense competition and market pressures facing legacy automakers as EV sales growth slows or stalls in some regions.