Volkswagen CEO faces uphill battle with COVID recovery

The world's largest automaker has some of the industry's biggest problems. Megan Lampinen takes a closer look at recent developments

It’s been a rough year for Volkswagen Group, and it’s only at the half-way mark. The Dieselgate scandal refuses to die and a recent ruling by Germany’s highest civil court paves the way for hefty consumer compensation payouts. The software behind the much-anticipated ID.3 has proven more of a challenge than expected, threatening the production ramp up. Then the novel coronavirus (COVID-19) hit, forcing factories and dealerships to close. At the height of the pandemic, VW was reportedly burning through €2bn (US$2.2bn) a week….

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