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VW has such a better overall economic model than any US car manufacturer. Workers are unionized at VW and have some representation on the board, so it's a shar
by photochemsyn 4y ago
VW has such a better overall economic model than any US car manufacturer. Workers are unionized at VW and have some representation on the board, so it's a shared power situation between employees and shareholders. Granted this hasn't kept VW from making really stupid decisions (see VW diesel emissions scandal), but at least they've shifted to prioritizing EV production (also made in the USA):
https://www.forbes.com/sites/jimhenry/2022/10/21/vw-starts-building-electric-vehicles-in-us-plant-just-in-time-production/ https://www.forbes.com/sites/jimhenry/2022/10/21/vw-starts-b...
I think this puts VW in the slot of primary competitor for Tesla's market, should be interesting to see what happens.
- alephnerd 4y agoGovernment Ownership and subsidies play a factor too - ~12% of equity and 20% of voting shares is owned by the State of Lower Saxony [0][1]. This ownership by a state with 10% of Bundestag has helped VW leverage Germany’s powerful status within the EU [2] and the same dual structure mentioned above did have an effect in enabling Dieselgate [3] [0] - https://www.volkswagenag.com/en/InvestorRelations/shares/shareholder-structure.html https://www.volkswagenag.com/en/InvestorRelations/shares/sha... [1] - https://www.wardsauto.com/lower-saxony-buys-vw-shares-keep-20-pct-stake https://www.wardsauto.com/lower-saxony-buys-vw-shares-keep-2... [2] - https://www.reuters.com/article/volkswagen-emissions-germany-politics-in-idCNL5N11W04V20150927 https://www.reuters.com/article/volkswagen-emissions-germany... [3] - https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1065&context=mbelr https://repository.law.umich.edu/cgi/viewcontent.cgi?article...
- nells 4y ago”VW will perform better because their workers are unionised” is a non sequitur.
- vt85 4y ago[dead]