Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.
But this is capitalism. If German manufacturers can’t compete, they should shut down. Survival of the fittest and free-markets etc etc. there will be job losses but the German people should ask their leaders why that happened
Exactly. They insisted China become capitalist then complain when they do capitalism.
Article doesn’t really point to Chinese vehicles being the primary reason though- it’s that demand is down for cars in Europe.
That said, it’s not really free market capitalist anyway for China to heavily subsidize EV production.