Fwd from @ Minus 50,000 Germans More bad news from the fields of the German economy. Volkswagen Group announced 50,000 job cuts in #Germany by 2030. Europe's la...
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...rgest conglomerate, which includes VW, Audi, Porsche, Seat and Skoda, presented its 2025 results — and they turned out to be as bad as possible. Sales fell by just 0.8%, to 322 billion euros (9 million cars), but profit collapsed by nearly half — from 12.4 billion to 6.9 billion euros. This is the worst result since 2016, when the conglomerate was mired in dieselgate. Management blames US trade policy and the #tariffs introduced by President Donald Trump's administration, which cost billio...
...ns, a revision of Porsche's strategy (abandoning an aggressive shift to electric vehicles cost 3 billion euros in losses) and falling sales in #China. Volkswagen shares are trading at 92 euros in 2026 — down 12% since the start of the year. Over five years, the stock has lost more than 60% of its value. The company hopes to return profitability to 8-10% by 2030, but for now it looks like an attempt to patch holes that they haven't even thought about closing. It is quite likely that Volkswa...
...gen is just the first major player to pay a serious price. It will only get worse from here. #Germany — on the brink of Europe's death Support us Original msg