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Volkswagen CEO Oliver Blume has warned that the German automaker is facing a “more than critical” situation as it battles weak demand, overcapacity and growing competition from Chinese manufacturers. The company is considering major cost-cutting measures and job reductions, while plant closures remain under discussion.
Barron Trump, the 20-year-old son of US President Donald Trump, is reportedly maintaining a highly private lifestyle amid security concerns following threats against his family and the assassination of conservative activist Charlie Kirk.
Volkswagen CEO Oliver Blume is facing growing opposition from workers and unions as he pushes a sweeping restructuring plan that could eliminate up to 100,000 jobs and reduce costs across the German automaker.
China has condemned the United States' planned expansion of sanctions against Iran and its trading partners, warning that Beijing will take necessary steps to protect its interests amid rising tensions between Washington and Tehran.
