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.
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.
Chinese car makers aren’t really more subsidized than Europeans and US. Actually we’re only seeing the brands that survived the internal competition of the Chinese car market, where a ton of brands failed and died.
What we’re seeing are the brands that survived that competition through extreme optimization, at a level no other car manufacturer had to reach before. And they did that in a growing market of 1.5 billion people.
Why should they struggle when competing with an aging industry with aging production modes that only address ~600m people? Especially when those companies offer objectively worse products at worse prices?
“Objectively”
And just because China had companies go under doesn’t mean they aren’t still subsidized to the hilt.
I do enjoy though people that are normally pro Union, pro worker, etc. essentially arguing that these people’s jobs don’t matter and we’ll take subsidized foreign cars just because they’re cheaper.
You think European car brands aren’t subsidized?
And this has nothing to do with struggling European car brands? https://www.reuters.com/business/autos-transportation/eu-relent-combustion-engines-ban-after-auto-industry-pressure-2025-12-16/
Lol you speak as if teslas haven’t been heavily subsidized for decades. The difference is that chinese ev’s are cheaper and deliver good quality.
Teslas are American and of course have been subsidized. But the article is about Volkswagen and German companies…