VW executive worried about future of firm's SA operations
Schäfer said there were no current plans to introduce EV manufacturing in South Africa, because electric cars were priced out of the reach of most domestic consumer
A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday that he was “very worried” about the future of the company's operations in South Africa, which is facing persistent power cuts and logistics snarl-ups.
The company's VW passenger car brand is in the midst of defining the key measures of a global scheme to boost its flagging margins — the first in a series of savings drives aimed at improving group profitability and staying competitive in the transition to electric vehicles (EVs). The German carmaker has been in South Africa for nearly 80 years...
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