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Volkswagen North America boss is next on the chopping board and the region is now expected to miss earnings by 1.3 billion euros between now and end of 2025- Manager Magazin says
- According to Manager Magazin, Volkswagen North America CEO will be fired soon for projecting 100,000 ID.4 sales a year in the region which turned out to be a flop.
- The newspaper pointed out that Volkswagen of North America earnings between now and end of 2025 are expected to fall short by 1.3 billion euros.
- A deficit of around 700 million euros is associated with the incentives meant to push up ID.4 sales while a decrease of around 900 million euros will come from lower sales.
- According to management in Wolfsburg, the problem is unfavorable product mix.
- The newspaper added that the launch of the new Scout EV model has been pushed to 2028 from 2026-if ever.