Word that Volkswagen could close three vehicle factories, cut 10,000 jobs and impose steep across-the-board pay reductions is a warning for Americans about the peril of Biden-Harris climate policy...
It has
It has
- avoided involuntary layoffs for three decades and
- hasn’t shuttered a factory in its home country in its 87-year history...
Germany’s auto industry is trapped in a vise between higher energy prices that drive up the cost of production, and electric-vehicle mandates that drive down sales.
VW is cracking under the pressure...
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