VW to cut 50,000 jobs amid Trump tariffs and falling Chinese sales
(www.theguardian.com)
from HellsBelle@sh.itjust.works to world@lemmy.world on 10 Mar 12:48
https://sh.itjust.works/post/56568943
from HellsBelle@sh.itjust.works to world@lemmy.world on 10 Mar 12:48
https://sh.itjust.works/post/56568943
Europe’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald Trump.
The 10-brand group, whose luxury subsidiaries Porsche and Audi are also under pressure, said the jobs would go in Germany, affecting the entire group, as part of a restructuring drive in light of the darkening global business climate.
The group had already struck a deal with German trade unions at the end of 2024 to slash 35,000 jobs by 2030, in part by natural attrition through retirement and other staff departures.
#world
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I believe in an EU with only the minimum number of cars that’s really needed and a lot more bikes and trains.
That’s the same company that just three weeks ago “found” 6 billion euros, just before they had to determine how much money in bonuses the management should get, right?
May VW go bankrupt on its own lies and subscriptions.
And the world invests in public transit in a really big, unprecedented manner asap.
What subscriptions?
Regarding the lies I suspect you mean diesel-gate. Yes diesel-gate was because the test was rigged, which can be called a form of lie, but everybody did it, so why target VW in particular?
There is a “subscription” to the App for my ID.4, but it’s free, so what is the problem?
The brands that has really aired the idea of subscriptions is BMW and Stelantis, but maybe you are just confused?
IMHO, VW has no right to exist anymore and the CEOs should be held personally accountable for the loss of 50000 jobs. They failed to innovate while demanding huge subsidies from the EU. They cheated in order to make their diesels look more economical. They are expensive and poor quality for the price you pay in the EU.
Fuck them.
What a ridiculous take!?
VW group make the best affordable EVs in Europe and have 50+% marketshare.
Why is such a blatantly moronic comment upvoted?
The reason they are in trouble is that it is expensive to have double the product line while also developing new EV models.
And of course increased competition from China, and US Tariffs that are also noted in the article.
What exactly is this “innovation” you complain that they aren’t doing?
And no VW has NOT received huge subsidies from EU, where did you get that idea?
EV makers in USA have received subsidies in the form of tax credits. And in China they have through a diverse system of support for developing and building EV’s and batteries.
In EU subsidies are required to NOT favor any single country, so reduced prices for an EV has counted exactly as much for a Tesla as for VW, and DESPITE that, VW has taken huge marketshare in EV.
I honestly get a little sad when I see such uninformed posts as the above. And that people for some reason seem to agree with it.