VW is apparently considering plant closures in Germany - electrive.com
VW is apparently considering plant closures in Germany - electrive.com
As the VW Group will apparently miss its savings targets by several billion euros, the top management is planning further cuts. For the first time, possible plant closures and redundancies are being considered - also because electric cars bring in relatively little profit.
cross-posted from: https://lemm.ee/post/41304465
Well, they pretty much messed up attempts at vertical integration, which leaves them as a chassis designer and parts assembler in regards to electric vehicles, which just doesn't have sufficient margins to support their hugely overblown administration (full of former politicians).
My sympathies to the people losing their jobs, but this really comes at no surprise given the many management blunders in recent years.
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