- cross-posted to:
- automotive@discuss.tchncs.de
- cross-posted to:
- automotive@discuss.tchncs.de
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.
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So still profitable. Still profitable to the tune of near €7 billion. Oh no!
50,000 jobs go bye bye because line no go up
Capitalism is an amazing system
Well, the workers did the job the way the executives decided… So obviously their livelihood should be taken away while the execs get bonuses!
€6.9 billion year on year.
compare that to 5 billions which the US spent on ammunition only in the first days of this war.
This amount could provide two or four billion people - most poor people on our planet - with food for a week. Let that sink in.
No worries.
They just found 6 mrd. € the other month and wanted to pay dividends to shareholders and give a bonus to the management.
mrd ??
mrd. = Milliarden = billion
A billion is called a milliarde and abbreviated mrd., md. or mia. in different countries.
The amercian-english billion substituted the milliarde in e.g. finance speak, but isn’t dead, yet. E.g. there is still the british-english milliard.
We should just use SI-prefixes with currencies, so we’re talking about 6 G€ here, or six gigaeuros.
so we’re talking about 6 G€ here, or six gigaeuros.
I’m so behind this concept.
The K prefix is used very often, e.g. 100 k€ is 100,000 €
Nice i can measure my bank account in Nanoeuros then ;)
Then you can still afford a few bytes of backups via tarsnap.com - they calculate in picodollars ;)
At least not femtoEuro ;)
We already use k€ and m€, but I have yet to see g€ in the wild.
😂
Its almost like making shit fossile fuel gas and being a shit company doesnt help buissness
How long did they think they could just fuck over customers and not lose sales? Are the Japanese makers the only industry that understands that happy customers buy your cars forever?
They basicly killed the out by law for fossile fuel cars so ye they think they constantly can get away with it forever
Transition to EV is expensive, and doubling the product line having both ICE and EV is also expensive.
On top of that competition is very tough with new competition from China.So all things considered, I think they are meeting the challenges pretty well.
VW is the most sold EV brand in EU, and their MEB platform sold though many other VW group brands dominate EV’s in EU with more than 50% marketshare!The cars are praised for their quality in several aspects, so it’s not like they have degraded on quality like Stelantis brands have done to keep up profitability. So I think VW is in a good place long term.
Dunno, I find it hard to forget them cheating on the pollution tests.
They were merely the first that were caught doing it. Turned out EVERYBODY was doing it.
But maybe you were forgetting that?I saw reporting on VW deliberately cheating. I didn’t forget the others… since I didn’t see any reporting on it.
I can believe it, but I didn’t hear about it.
IDK why you didn’t, I don’t care to dig it all up for you, so I’ll just leave an article about Toyota which is the biggest competitor to VW.
Toyota unit to settle emissions scandal for $1.6bn:
https://www.bbc.com/news/articles/c62666374l4o
It’s going to be interesting to see how their new EVs to be released this year are going to perform. I think something like the T-Cross ID and smaller EVs could really hit a nerve if pricing is OK and the issues around gas prices would prolong throughout this year. I hope people get fed up and start to see advantages of EV and every new model, no matter which brand, could help with this.
The upcoming ID Polo will almost guaranteed be a major hit in my country. if what VW promises is true.
Being a cheap quality EV with good range.For many EV just has no advantages.
It’s nice if you have a loading station at home or at work that you can use… public loading is more expensive and you have to do something during loading time… and there are still not many fast loading stations, at least not where i’m living. And every loading stations has a fucking different provider, so you have 10 apps on your phone…
For many they have big advantages. I was saving several hundred a month in gas - before the recent oil price surge. Get ev in the hands of people who it helps now and between the reduced gas demand and the extra charging station built for when they need it and EVs become useful for more.
Agree that for people without a charging box at home the advantages might be reduced atm, but having more home owners buy EVs, requesting better charging infrastructure and potentially reduce costs in public charging stations could also pave the way for more acceptance.
To your point regarding providers at charging stations: I’ve only seen the situation in Germany and it’s indeed very inconvenient and I don’t understand how we ended up in that situation. Also I don’t understand how the prices are that much higher than electricity at home? Why can’t you just not use your credit card for payment?
No clue how it is where you live, but electricity is cheaper than gas for me (getting up to even when using the most expensive public outlets). Can charge at home without a loading station, just plug it in to a normal outlet and leave it overnight, always good to go. One card to pay at every charging station when on the go. And that’s not even considering the lower maintenance costs for EVs saving hundreds per year.
I agree - in the long term they might endure but they have to adapt and overcome their own tardiness this far.
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.
