VW freezes electric Golf. It would be a "luxury" in times of crisis

Volkswagen is halting the development of the electric Golf due to financial constraints, despite its historical significance. The company aims to cut development time for new electric models but faces severe operational losses. The decision reflects a broader strategy to reduce costs, including factory closures and layoffs. Workers are concerned about the future of the Golf and the impact of new factory openings in the U.S. on jobs in Germany. The financial situation has worsened, with a significant drop in operational profits, prompting the suspension of the Golf project until financial stability is achieved.