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VW's problem is the EU: the EU decided (corruption? incompetence? both?) to hand over the EU market to non-EU companies, like the chinese ones. They way they d
by TacticalCoder 2y ago
VW's problem is the EU: the EU decided (corruption? incompetence? both?) to hand over the EU market to non-EU companies, like the chinese ones.
They way they did that was to come up with the craziest green agenda ever: no more sales of ICE vehicles in the EU by... 2035. They decided that a few years ago and this was the beginning of the end for all the EU car manufacturers.
There's no way the EU car manufacturers can be competitive with Tesla on one hand (better batteries) or the chinese (way, way, way cheaper vehicles) by 2035.
So EU politicians, in their usual idiocy, decided to destroy the economy of the biggest country in the EU, Germany.
Seeing this as an EU citizen makes me sick.
I understand that it's great to take ESG postures but... At the cost of destroying your entire economy? All the while the EU is a measly 400 million people and there are billions of people in, say, China and India who don't give a fuck about destroying the planet.
Insanity. 2035 was way too early: this left no time to german car manufacturers. A sad state of affair.
- toyg 2y ago"EU politicians" don't exist. The EU agenda is set by national governments in the Council - including the German one, which happens to have produced important Commissioners like the current Commission President. The woes of VW have little to do with the green agenda (the electric switch is a reality worldwide), and more to do with a brand tarnished by the emission scandal and the whiff of corruption emanated by the (lack of real) consequences in Germany - because the German government largely looked the other way.
- aurareturn 2y agoYes, EU decided to hand over their markets to China even though Mercedes and Audi sell more cars in China than all of Europe combined.