Volkswagen, through its creator (Porsche), has already approved a new restructuring plan and the article compares it with the 1993 crisis. In 1993, Austrian mechanical engineer Ferdinand Piëch, the grandson of Porsche's founder and responsible for transforming Volkswagen into a thriving economic group, faced the company in an unprecedented crisis, having reported the first loss in its modern history and doubting whether it could pay the salaries of the following two months.
Faced with this situation, Ferdinand Piëch declared that he hoped shareholders would continue to have confidence so that the company could emerge from the recession and structural crisis in a stronger competitive position and achieve the goal of making Volkswagen the most successful vehicle manufacturer.
The article states that in recent years, the unquestionable assumption that the future would bring continuous growth encouraged the automobile industry to pursue expansion strategies with large-scale investments, but the full content remains hidden behind a paywall, preventing the full reading of the comparison between the two restructuring plans.
