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$VOW (+0.69%) Changes are urgently needed

VW is facing far-reaching changes. And they are necessary. Antlitz justified the planned cuts at a Goldman Sachs conference in London with the difficult situation of the Group. "Our German plants are not competitive today. Without an improvement in efficiency and performance, we will not be able to maintain the current employment figures," emphasized Antlitz.


https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/volkswagen-manager-rechnet-ab-nicht-wettbewerbsfaehig-20371316.html#google_vignette

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Isn't it the responsibility of the management to strategically align the company for the future and to equip the plants/operations so that they can produce efficiently?

Instead of setting up battery cell production independently years ago, the company has made itself dependent on China. Apart from the dependence on suppliers, the company has not built up its own know-how and experience with the technology.

So a criticism of yourself? 😏
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