Volkswagen reboots strategy with massive job cuts and ambitious EV targets Comments

• FredSpain
• pGV
• 3 hours ago

VW is victim of previous direction. Cheating on pollution figures during many years has a direct financial cost, In the USA, they were fined by the states and had to pay 5000$ to each customer. The unique solution is to cooperate with chinese constructors which are technically more advanced in hardware and software.
If they don't, there will be a lot of factories to sell. Personaly, i won't cry for firms that practice treachery, They had a very light punishment in EU (thanks to the german president) because if it had been the same than in the US, there would be bankrupted.

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