In its annual figures, the company said that earnings fell from €12.4 billion ($14.45 billion) to €6.9 billion year on year.

Volkswagen CEO Oliver Blume said the VW Group would cut “around 50,000 jobs by 2030” across Germany.

  • boeckling@piefed.socialEnglish
    1·
    1 day ago

    I agree - in the long term they might endure but they have to adapt and overcome their own tardiness this far.

    • Buffalox@lemmy.worldEnglish
      3·
      1 day ago

      Kind of weird to call VW late (tardiness), when they completely dominated the EV market in EU in 2025.
      VW had very attractive EVs already 5 years ago, while Toyota the worlds biggest car manufacturer only arrived with something last year!
      China has been moving very fast, and has a development cadence that is 3 times faster than Tesla.
      No western manufacturer can match that, but VW is probably among the closest.