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.
A fair argument can be made that the Chinese government considers EV an imperative and interferes and subsidizes, so it’s not fully free market. Thus any country with industry competing with China needs to decide if they care and if they care, how to respond to advantage conferred by China government policies. Whether that’s similar incentives for their domestic industry and/or tariffs to try to level the playing field.
Volkswagen was a state funded company until the sixties ¯\_(ツ)_/¯.
New factories, battery research and stuff like that are heavily subsidized for German car makers as well.
Maybe China is subsidizing more, but maybe that only speaks for sound economic decisions in China, like
A. they have the money, apparently
B. they subsidize future technologies instead of fabulating about e-fuels and whatnot.