Volkswagen’s Big, Broad EV Bet Is a Big, Broad Bust
Europe's largest carmaker is struggling to transition to EVs, as other investments also stumble
Workers gather at a food truck in the snow at the Northvolt Ett plant in Skelleftea, Sweden, in February 2022. Volkswagen is an investor in Northvolt.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
Welcome to The Brink. We are Monica Raymunt in Berlin and Irene Garcia Perez and Giulia Morpurgo in London, where we’re following the many challenges facing Volkswagen. We also have updates on The Container Store, Brazilian airline Azul and the private equity-backed companies defaulting on their debt. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @irenegperez.