VW Scraps 30 Year Old German Jobs Pledge to Cut Costs

German carmakers are sinking deeper into a crisis undermining the future of the country’s most important industry, with BMW  warning that profits will get hit by a costly brake problem and Volkswagen scrapping 30 years of job protections. Micheal Dean, Bloomberg Intelligence Head of Global Autos joins Bloomberg Intelligence to break down how this will change the car market.
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