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The Car Maker Company Volkswagen Group Headquarters in Wolfsburg, Germany is in Danger For A Possible Bankruptcy
Lots Of electric cars Aren't Enough To Save Volkswagen’s Manufacture in Germany And Europe
Like many other companies on the same business selling regular gasoline, diesel  electric cars it has lost most of it's orders in Europe.
Volkswagen also is having troubles for competing with low price car production from China and it lost is car sales in that country too.
It is very possible that Volkswagen closing factories in Germany for the 1st time in its almost 90-year history and moving to deepen cost cuts amid rising competition from China’s electric vehicle makers and other Asian countries too.
The German auto maker company's head manager made a statement that it is difficult to believe because once upon of time it was the largest automaker in the world.
the statement last Monday said that it could not rule out plant closures in Germany. Other measures to “future-proof” the company include trying to terminate an employment protection agreement made with labor unions, which has been in place since the year when it was signed 1994.
“The European automotive industry is in a very demanding and serious situation,” the company's manager said, the Volkswagen Group CEO Oliver Blume. “The economic environment became even tougher, and new competitors are entering the European market. Germany in particular as a manufacturing location is falling further behind in terms of competitiveness. Which really means, it is behind innovation and with no car sales happening because the competition is in it's place and taken Volkswagen customers, it has to close several factories and leave thousands without a job in it's home country "Germany".
Let's remember the Volkswagen, did embarked on a €10 billion ( approximately $11.1 billion ) cost-cutting effort late last year, right now it is losing market share in China because of the new updated competition with electric vehicles sales, its single biggest market. on the 1st half of the year, deliveries to customers in that country slipped about 8% on the same period in 2023. The total Group operating profits tumbled 11.5% to €10.2 billion ($11.3 billions ).
The loss of it's internal's China EV brands market, notably BYD and it's market got in troubles in the European markets like lackluster performance in Germany.
The statement also said “Our main area of action is cost cutting,” Blume told analysts on an earnings call last month, citing planned reductions to factory, supply chain and labor expenses. “We have done all the organizational steps needed. And now it is about costs, costs and costs,” It was added by the manager. 
Sadly because just a VW employee was presenting the new model of the electric Volkswagen ID 3 car on behave of the German carmaker Volkswagen, the vehicle always looking amazing with the brand's new logo at the Transparent Factory. (A Glaeserne Manufacturer) at the production site in Dresden, eastern Germany on March 1, 2023.
The most difficult part is coming for Volkswagen’s cost-cutting plans because it will face heavy resistance from labor representatives, which hold almost 50% of the seats from the company’s supervisory board, the body that appoints executive managers.
 And of course, the IG Metall, one of Germany’s most powerful unions, was blaming mismanagement for the firm’s shortcomings and vowed to fight to protect the workers jobs.
This is also included on the statement “Today, the board presented an irresponsible plan that shakes the very foundations of Volkswagen, massively threatening jobs and locations,”
The IG Metall lead negotiator Thorsten Groeger said in a statement presented. “This approach is not only short-sighted but also highly dangerous, it risks destroying the heart of Volkswagen. We will not tolerate plans that the company makes at the expense of the workforce.”
The amount of employees at the automobile maker Volkswagen are almost 685,000 workers at different world locations, including some 300 auto ,000 in Germany, according to its most recent earnings report.

Thomas Schaefer, the CEO of Volkswagen passenger autos, said the company made a commitment to Germany “as a business location headquarters.” He added that VW would initiate talks with employee representatives as soon as possible and urgently to explore possibilities for “sustainably restructuring the brand.”
“The situation is extremely tense and cannot be resolved through simple cost-cutting measures,” Beetle Car manufacture Volkswagen said.