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2026-09-21 13:04:11
[Volkswagen's downward revision of profit forecast exacerbates the plight of German automakers; tens of thousands of workers protest on Monday to protect jobs and factories] (1) The Volkswagen Group once again highlighted the deep recession in the German auto industry, with tens of thousands of German workers planning to protest on Monday, demanding the protection of jobs and factories. (2) Volkswagen lowered its profit forecast last Friday evening; employees of the company, as well as employees of Mercedes-Benz, BMW, Audi, Porsche, and major parts suppliers, will participate in demonstrations at more than 280 events across the country. (3) The German metalworkers' union urged companies to protect factories and jobs, while calling on the government led by Chancellor Merz to reduce energy costs and protect domestic industries from the impact of low-priced imports.
