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German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat (www.theguardian.com)
submitted 4 months ago by to c/world
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cross-posted from : https://lemmy.zip/post/67657166

Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.

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[–] 9 points 4 months ago (1 child)

Hahaha

You've been making overpriced junk for decades and getting away with it because consumers don't know better and EU regulations drive people to replace their cars frequently.

Now China is producing the same level of "quality" for much less and you're freaking out.

Hahaha

And here I am driving a 20 year old Honda that should run for another 10 years with few issues.

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