“With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand,” Thomas Schaefer told staff during a meeting at the German carmaker’s headquarters in Wolfsburg, Germany, according to a post on the company’s intranet site seen by Reuters.’
This is corporate speak for “we are gonna start laying folks off soon”
Corporate speak for “we’re panicking, we can’t manage to sell any electric cars, we don’t have much time”