EVsET Techabout 2 hours ago
Volkswagen Halts India EV Investment
2 min read
Volkswagen AG freezes investments in its India electric-vehicle program until it gains clarity on a potential partnership with billionaire Sajjan Jindal's JSW Group. The German carmaker pauses spending while pursuing a global cost-cutting drive to reduce investment by about 15% and eliminate tens of thousands of jobs amid weak European demand and intensifying competition from Chinese automakers.
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