reuters.com
www.reuters.com

Volkswagen must deepen cost cuts to remain ​competitive against Chinese brands increasingly taking aim at the German auto group’s home market, CEO Oliver Blume said

  • kbal@fedia.io
    5·
    5 days ago

    Patrick Boyle had a pretty good youtube video about this “mercantalist-on-mercantalist violence.”

    My impression is that Germany, like so many other places, is going to need to come up with a substantially new and different way to manage its economic system. Manufacturing cars is no longer the path to greatness that everyone 50 years ago thought it was forever going to be.

    • Pip@feddit.orgEnglish
      2·
      5 days ago

      It already has a new ‘model’ but the effects don’t yet show up in headline statistics. The new German model has three parts:

      1. increasing domestic investment with fundamental capital market reforms (like the new pension system and startup regulations)
      2. implementing the strategy and detailed plan to grow 6 industries (quantum, silicon products, fusion, biotech, battery, AI)
      3. increasing domestic demand (higher wages, longer hours worked, modernization of public sector)