It has been learned that there is an “unprecedented crisis” in the European automobile industry

[Yommie]

It has been learned that there is an “unprecedented crisis” in the European automobile industry 16:55​

By Anika
September 8, 2024

The European automotive industry is in an extremely difficult situation. This view was shared by Oliver Blume, the chairman of the German concern Volkswagen, in an interview with the Bild am Sonntag newspaper.

“The entire European automobile industry is in a very difficult situation; it is unprecedented. And the economic conditions have become even more difficult, especially for the Volkswagen brand,” he said.

According to Blume, fewer and fewer cars are being sold in Europe. At the same time, the situation for the German concern is so serious that “you can’t leave everything as it is.”

September 2nd reportedIn its struggle to save costs, the Volkswagen concern warned of the possibility of closing unprofitable factories in Germany.

The company admitted it could no longer rule out closing plants in Germany, where the automaker considers one major car manufacturing plant and another that makes parts to be obsolete.

The German automaker also announced the end of its employment guarantee program, which has been in place since 1994 and prevents layoffs. The automaker plans to discuss all cost-saving measures with its works council.

Volkswagen brand president Thomas Schaefer said the “situation is extremely tense and cannot be overcome with simple cost-cutting measures.”

Scholz before accused In the destruction of the Volkswagen automaker.






Source: Gazeta

 

[Yommie]

@Viet @Hamartia Antidote @Sharma Ji

It's kinda expected. After the Cold War, Europe became more and more socialist and less and less efficient. No socialist country has ever succeeded. Every socialist country has failed. Under socialism, no one has the incentive to work.

 

[gangsta_rap]

@Viet @Hamartia Antidote @Sharma Ji

It's kinda expected. After the Cold War, Europe became more and more socialist and less and less efficient. No socialist country has ever succeeded. Every socialist country has failed. Under socialism, no one has the incentive to work.

What about you. How are you faring in this socialist country where we reside?

 

[Yommie]

What about you. How are you faring in this socialist country where we reside?

It sucks. Canada's healthcare is garbage. I was in China for a stay and it has way better healthcare. No wait times. Excellent service. China has free market system.

 

[313Ghazi]

Stop making expensive electric cars and you might get sales increasing.

Volkswagens ID range is terribly ugly.

 

[Yommie]

Stop making expensive electric cars and you might get sales increasing.

Volkswagens ID range is terribly ugly.

VW was really good when Germany was free market. It has steadily declined after the Cold War when Germany became more and more socialist and less and less efficient.

 

[gangsta_rap]

It sucks. Canada's healthcare is garbage. I was in China for a stay and it has way better healthcare. No wait times. Excellent service. China has free market system.

Maybe if you were giving parliament hill a bit more of your hard earned tax $$$ we'd get better healthcare.

 

[Yommie]

Maybe if you were giving parliament hill a bit more of your hard earned tax $$$ we'd get better healthcare.

View attachment 63893

Money is not the issue. Canada is inefficient because of socialism. China is efficient because of free market.

 

[HeratKabul]

Money is not the issue. Canada is inefficient because of socialism. China is efficient because of free market.

What's stopping you from relocating to China then ?.

If West is bad, why waste your life there ?

 

[Yommie]

What's stopping you from relocating to China then ?.

If West is bad, why waste your life there ?

It's my right to live where I like to.

 

[313Ghazi]

VW was really good when Germany was free market. It has steadily declined after the Cold War when Germany became more and more socialist and less and less efficient.

Do you have the profit figures to back your politics? Or is profits irrelevant?

 

[Yommie]

Do you have the profit figures to back your politics? Or is profits irrelevant?

You can't make a profit under socialism. Under socialism, everyone is equal.

 

[313Ghazi]

You can't make a profit under socialism. Under socialism, everyone is equal.

Yet Volkswagen are making billions in profits every year?

So either the profits are fake, or your analogy is incorrect - or i made a mistake engaging with an idiot.

I suspect there are multiple right answers. You sound like that old user PiratesoftheCarribean.

 

[kambhakt]

It's my right to live where I like to.

He is asking why do you like to live in the west. Even when China is so much better.

 

[Yommie]

Yet Volkswagen are making billions in profits every year?

So either the profits are fake, or your analogy is incorrect - or i made a mistake engaging with an idiot.

I suspect there are multiple right answers. You sound like that old user PiratesoftheCarribean.

Revenue is not profit. VW has far more expense than revenue. When expense > revenue, they go bankrupt.