this post was submitted on 24 Jul 2026
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Volkswagen profits drop 10% as embattled automaker considers massive job cuts (lite.cnn.com)
submitted 1 day ago by beep@piefed.world to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1283882/volkswagen-profits-drop-10-as-embattled-automaker-considers-massive-job-cuts

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[–] lemmyng@lemmy.world 6 points 1 day ago (1 children)

I'd say it's both self-imposed incompetence and bullying from Trump and his oil barons.

[–] panda_abyss@lemmy.ca 10 points 1 day ago (1 children)

For decades though they didn’t bother to invest when they could have. For a decade since Tesla proved there was a viable a market they didn’t do much more than token effort (ugly plastic Evs, not innovating in the tech at all)

As much as I hate Elon Musk at least he did get the EV industry legitimized.

[–] WanderingThoughts@europe.pub 4 points 1 day ago

They had to choose between short term profits and being relevant by 2030. Shareholders picked the first option.