> In recent days, German press reports had suggested that the company was preparing to lay off 100,000 workers by the end of the decade and close four factories in Europe.
A big round of applause to the EU bureaucrats who forced upon european carmakers an agenda impossible to deal with properly (only giving about two cycles of cars development to switch 100% to EV only) while, at the same time, making sure to raise the price of energy like crazy in Germany.
As a result China are producing EVs while paying their energy something like 1/7th what it costs in the EU.
And of course while China is flooding the EU market with cheap EVs (at least cheap compared to EU ones), China is also polluting the planet like never before.
Really: wonderful jobs by the luminaries at the head of the EU institutions.
https://www.nytimes.com/2026/07/09/business/volkswagen-china...
> In recent days, German press reports had suggested that the company was preparing to lay off 100,000 workers by the end of the decade and close four factories in Europe.
A big round of applause to the EU bureaucrats who forced upon european carmakers an agenda impossible to deal with properly (only giving about two cycles of cars development to switch 100% to EV only) while, at the same time, making sure to raise the price of energy like crazy in Germany.
As a result China are producing EVs while paying their energy something like 1/7th what it costs in the EU.
And of course while China is flooding the EU market with cheap EVs (at least cheap compared to EU ones), China is also polluting the planet like never before.
Really: wonderful jobs by the luminaries at the head of the EU institutions.