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InsideEVs
Business

VW CEO Calls For Immediate Freeze On Spending, Says “All Is At Stake”

Volkswagen Thomas Schafer

Volkswagen brand CEO Thomas Schafer said during a recent internal meeting with the company’s managers that “the roof is on fire,” suggesting that “all is at stake” for the German carmaker as it seeks to become a leading manufacturer of EVs while also supplying global markets with internal combustion engine vehicles, according to Wards Auto.

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