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Volkswagen says its core VW brand is ‘no longer competitive’ (edition.cnn.com)

submitted 11 months ago by [email protected] to c/[email protected]

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“With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand,” Thomas Schaefer told staff during a meeting at the German carmaker’s headquarters in Wolfsburg, Germany, according to a post on the company’s intranet site seen by Reuters.’

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[–] [email protected] 18 points 11 months ago (1 children)

This is corporate speak for “we are gonna start laying folks off soon”

[–] [email protected] 2 points 11 months ago

Corporate speak for “we’re panicking, we can’t manage to sell any electric cars, we don’t have much time”