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VolkswagenABC News
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80% Informative
CEO says company must end three-decade-old job protection pledge that would have prohibited layoffs through 2029 .
Europe ’s car market smaller than before the coronavirus pandemic, Volkswagen says it now has more factory capacity than it needs.
New, competitively priced competitors from China are increasing their share of the European market.
Volkswagen 's passenger car division recorded a 68% earnings drop in the second quarter .
Lower Saxony Gov. Stephan Weil has said the company needs to address its costs but should avoid plant closings.
The state government, which is a part-owner of the company, also has two board seats and 20% of voting rights at the company.
Employee representatives hold half the seats on the board of directors.
VR Score
84
Informative language
82
Neutral language
64
Article tone
semi-formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
1
Affiliate links
no affiliate links