Volkswagen hits pause on the Golf EV as it faces an ‘urgent need for action’

Volkswagen has put the electric Golf on hold for now as it faces growing pressure to cut costs.

The Core Event

“We cannot afford to lose any time and must act quickly and decisively,” Volkswagen Group CFO and COO Arno Antlitz warned after the company reported its largest quarterly loss since the “Dieselgate” scandal in 2015 on Thursday.

Key Facts

Volkswagen has put the electric Golf on hold for now as it faces growing pressure to cut costs.

Context & Significance

“We cannot afford to lose any time and must act quickly and decisively,” Volkswagen Group CFO and COO Arno Antlitz warned after the company reported its largest quarterly loss since the “Dieselgate” scandal in 2015 on Thursday.

Outlook

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