'A very serious situation’: Volkswagen could close plants in Germany for the first time in history

[tikal]

https://www.cnn.com/2024/09/02/investing/volkswagen-factory-closure-germany/index.html

 

[oilhammer]

The article I read (probably much of the same source as this one) talked about how they completely missed the EV target. Apparently, they suck. Funny, I could have told them that much.

I think this is why they bought a chunk of Rivian, to try and buy better (??) tech to the cause.

And Chinese sales are slowing, because of all the cheapo throwaway China-buzz EVs they're flooding the market with.

 

[MrCypherr]

I heard that now Canada (and I think the US) is putting a 100% tariffs on Chinese EVs coming into the country to help stop them flooding the market.