Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

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.

  • BuddahrifficEnglish
    21·
    11 hours ago

    Any ideas that can’t be challenged are just dogmas. And a mindset of “any opposition to any of my ideas for any reason means you’re an enemy” is just tribalism.

    It’s just as stupid on the left as it is on the right. The world isn’t black and white.

    • GreenKnight23English
      11·
      11 hours ago

      this reeks of “so much for the tolerant left”.

      Ideas are challenged, there’s no dogmas here.

      and yeah, if your position is “what’s happening in the world today isn’t a fascist coup lead by conservative christian nationalists”, then you are my enemy.

      just because I’m tolerant of others opinions doesn’t mean I have to unilaterally respect all positions.