BERLIN/FRANKFURT/MEXICO CITY, Sept 3 (Reuters) - Volkswagen’s supervisory board on Thursday approved a transformation plan that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity and aggressive Chinese rivals.
The plan, the most extensive restructuring in Volkswagen’s 89-year history, includes exploring alternatives for four German plants that will eventually run out of models during the next decade.
Just to be clear: in 2025, – their “worst margin year in a decade” – they still made $8 billion dollars more than they needed to run their business. That’s on top of all their expenses (taxes, materials, wages, etc.)
On top of that, 2021 through 2024 were their MOST profitable years in the last decade. (By absolute amount and, except for 2024, also by margin (profit per $ of revenue)).
You know what else might turn VW around?
Turbos that don’t cook themselves during regular driving. Can’t trust your electric cars either since you’re so flippant on quality for the petrol cars.
