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...
