Volkswagen must deepen cost cuts to remain ​competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said

    • Jajcus@sh.itjust.works
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      2 days ago

      But it is easier to sell out to China. Short term profit, no need for long term planning and risjs that those include. Those manufacturers no longer care for their brand or long term sustainability. In such case closing factories and selling what they have makes most sense. In the end they still can cry ‘China bad’ anyway.

    • Ooops@feddit.org
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      2 days ago

      Actually they just need to EVs.

      But they won’t as lobbying for corrupt politicians and media to tell the lie how ICEs are totally viable forever because thermodynamics don’t exist and synthetic fuels will solve all issues is cheaper in the the short run than actual work. And in the long run… no one cares because those people then will already have moved on to the next companies to destroy for short-term gains.