Volkswagen pauses electric-Golf work at Wolfsburg, Reuters reports
Volkswagen ($VOW3) has suspended development work on the next all-electric Golf at Wolfsburg, according to an internal memo seen by Reuters. The report linked the pause to the main plant’s failure to meet cost targets, including a €300 million shortfall identified in the memo. This is a reported interruption to development, with no permanent cancellation of the model announced in the account. The development adds a specific operational consequence to cost pressures already disclosed by Volkswage