This is a Germany news story, published by CNBC, that relates primarily to Volkswagen news.
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German automakersCNBC
•84% Informative
Germany 's car industry is facing a range of issues, from regulation to macroeconomics, China and EVs.
Issues in the automotive sector may also have spillover effects onto the wider German economy, which has been struggling for some time now.
Volkswagen said it was no longer able to rule out plant closures in its native Germany and felt it may need to end its employment protection agreement.
Many automakers still have guidance in place that suggests their performance in the second half of the year could be better than in the first .
VDA similarly sees a need for different production conditions.
Market conditions are set to stay challenging for at least the next year , a spokesperson said.
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