3 ms·
> Sooo... where's the retreat? https://www.bbc.com/news/articles/c4gqyyly9v8o https://www.bbc.com/news/articles/c4gqyyly9v8o Volkswagen has said it will c
by neya 7mo ago
> Sooo... where's the retreat?
https://www.bbc.com/news/articles/c4gqyyly9v8o https://www.bbc.com/news/articles/c4gqyyly9v8o
Volkswagen has said it will cut 50,000 jobs in Germany by 2030 as its profits dropped to their lowest level since 2016.
It said it was hit by US import tariffs, intense competition from China and high restructuring costs from the shift to electric vehicles.
https://www.cnbc.com/2026/03/13/honda-flags-first-annual-loss-hit-by-15point7-billion-ev-charge.html https://www.cnbc.com/2026/03/13/honda-flags-first-annual-los...
Honda to lose as much as $15.7 billion this fiscal year.
The write-down is latest in industry grappling with EV transition.
From Google, first page.
- lelanthran 7mo agoThat's not a retreat from EVs. Article seems to be gibberish, carmakers don't seem to be retreating from EVs.
- neya 7mo agoYou are free to believe what you want, I'm just presenting the data.
- lelanthran 7mo ago> You are free to believe what you want, I'm just presenting the data. It's not a matter of belief: what does the data you presented (profitability and employee count) have to do with the claim about product types? I mean, you could have presented data showing that the sky is blue - your data is correct, but irrelevant to whether the manufacturers are cutting down on a specific product type.
- neya 7mo ago> what does the data you presented (profitability and employee count) have to do with the claim about product types? If you actually read the article, it says the profitability and employee count are a direct consequence of the product type. It explicitly says EV was a factor in the source cited. If manufacturers cutting down on product types isn't evidence of cutting on product types, then what is? Here's more data: https://www.caranddriver.com/news/g68920984/evs-discontinued-canceled/ https://www.caranddriver.com/news/g68920984/evs-discontinued...
- rsynnott 7mo ago> and high restructuring costs from the shift to electric vehicles. I’m baffled how you think “it’s going to cost us a lot to shift to electric vehicles through 2030” could be read as “VW is retreating from electric vehicles”.
- neya 7mo ago> I’m baffled how you think “it’s going to cost us a lot to shift to electric vehicles I'm baffled how you refuse to read further into the topic - How does cutting 50,000 jobs due to EVs translate to "it's going to cost us a lot to shift to electric vehicles" according to you? That's just shifting the baseline of the argument. VW even cancelled EV models after posting this loss. Again, Google, first page. The original link literally shows job losses due to lack of demand for EVs. If that's not a data point indicating retreat, then what else is according to you? https://www.news.com.au/technology/motoring/volkswagen-cuts-jobs-and-electric-vehicle-production-amid-pressure-from-chinese-rivals/news-story/ca27e6acf1f1e950b086fbb33478dc80 https://www.news.com.au/technology/motoring/volkswagen-cuts-... This is not restricted to VW. This is across manufacturers. Google, first page. https://www.caranddriver.com/news/g68920984/evs-discontinued-canceled/ https://www.caranddriver.com/news/g68920984/evs-discontinued... Next time, please read into the data properly. "Facts do not cease to exist because they are ignored." — Aldous Huxley