What VW calls a strategic recalibration in a press conference, it’s a survival retreat toward Europe, where VW gets 40% of their sales.
VW it’s also lowering their presence in China after a poor performance in Electric cars wherein e VW got 35 % of their earnings.
Weird to see VW including brands like Porsche & Audi loosing ground to rivals like BMW and Mercedes that have established succefull manufacturing facilities in the U.S.
VW indicated they will maintain their manufacturing capability in Mexico.
The €10 billion in saving announced by VW are a good news for small investors like me but for how long?
Stagnant growth translate into slow death !!
