Hey, guys hope you're all good. Volkswagen is
considering closing 2 factories in Germany due to declining European car sales with a year
or two to adapt to these changes. Volvo has abandoned its goal of selling only electric cars
by 2030 and will continue offering petrol Vehicles alongside battery models. European car makers face
pressure from inconsistent demand and increasing competition from China in the transition to
electric vehicles. Volkswagen workers and unions are protesting the factory closures,
raising concerns for the German government, while Volvo adjusts its emission reduction
targets. If you found this information informative please hit the Subscribe button
to get more updates for the startup world