from VW today

Volkswagen to reduce headcount at ‘no longer competitive’ VW brand

VW plans a $10.9 billion savings program to boost efficiency in the transition to electric cars.

ID sales across the board/worldwide are tanking currently

5 years. Ouch. And that is best case. SO, can they last that long? (they are firing 1/3 of their staff now) and have dropped from ~11% market share to <9% now and falling.

hehe. SO, GREAT move by GM - smart.

BUT… the rub is, when you take things away from Tesla, they don’t just whine about it. They do it themselves - and better/cheaper at a higher quality…

besides that is not the company that Tesla gets gigacastings from. That would be IDRA group / LK Technology Hong Kong.

lol, not for VW group at a profit. At a HUGE loss sure, you pick any of there EV’s can do that.

They are just royally fucked as Tesla announced that they are doing the 1/2 the price of a M3 in Germany (expansion that was just approved) and it only took Tesla how long to make a factory? and this is just an expansion…