alt Hacker News> Sooo... where's the retreat?
https://www.bbc.com/news/articles/c4gqyyly9v8o
Volkswagen has said it will cut 50,000 jobs in Germany by 2030 as its profits dropped to their lowest level since 2016.
It said it was hit by US import tariffs, intense competition from China and high restructuring costs from the shift to electric vehicles.
Honda to lose as much as $15.7 billion this fiscal year.
The write-down is latest in industry grappling with EV transition.
Replies
lelanthran • today at 3:35 PM
That's not a retreat from EVs.
Article seems to be gibberish, carmakers don't seem to be retreating from EVs.
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> and high restructuring costs from the shift to electric vehicles.
I’m baffled how you think “it’s going to cost us a lot to shift to electric vehicles through 2030” could be read as “VW is retreating from electric vehicles”.