Volkwagen Defends Possible Plan to Shut German Factories With Plunging Sales

Volkswagen is planning significant changes at its Wolfsburg headquarters, including shutting down factories in Germany and abolishing long-standing job guarantees to cut costs. Despite having the capacity to produce 40 million cars annually, VW only made 9 million last year. The company has been relying on profits from China to offset high European costs, but new competitors like BYD are challenging VW with superior electric vehicles. Post-COVID, supply chain issues have eased, and consumers are hesitant to buy expensive EVs due to inflation. VW's current strategy may involve less drastic measures than initially suggested, with wage talks underway and potential minimal pay increases for workers. VW is clearly moving away from its traditional business model.

What might be the outcome of the wage talks mentioned in the text?

What does the phrase 'VW is done doing business as usual' imply about the company's future strategy?