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Volkswagen Board Approves 50,000 Job Cuts in Restructuring Push
New York Times·DE·10 minutes ago
SPD leader Bärbel Bas conditions any state support for Germany's automotive industry on binding location and job guarantees, signaling a shift toward conditional industrial policy ahead of elections. The demand reflects growing political pressure over the sector's crisis, though no concrete aid package or legal mechanism has been specified. This matters as it could shape the terms of any federal bailout and influence investor expectations for German automakers.