The Left side of politics has a kanck of destroying everything they touch. The Left Green Coalition in Germany is no exception...
Germany-based Volkswagen (VW) is considering closing plants in its home country as automakers in the European Union (EU) grapple with a flood of cheap China-made cars that are increasingly making up a share of auto sales in the continent.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen Group CEO Oliver Blume said on Monday, suggesting VW may close some of its plants in Germany and drop some job protections for auto workers to cut costs.
A VW plant closure in Germany would be thefirst timethe automaker closed a plant in its home country and the first time it closed a plant worldwide since closing its Westmoreland, Pennsylvania, plant in 1988.
The move would come as Chinese automakers, offering highly subsidized cars sometimesmadewith slave labor, grow their market share across Europe —triggeringthe EU to impose temporary tariffs on China-made Electric Vehicles (EVs)
