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.
Somewhat true, but the German auto slowdown isn’t only due to China flooding the markets. The biggest losses they’re making right now is due to the drop of exports.
The upper classes of the world no longer need or want “premium” European goods, because they’ve been revealed not to be that great anyway.