German FAZ: The repressed Auto crisis008722

A few weeks ago, they fought themselves to the knife. Now the works council and management of the Volkswagen Group in Wolfsburg are demonstrating unity again. Since ’works council chief Daniela Cavallo and VW board member Thomas Schäfer gave the first views of the entry-level electric car for 20,000 euros this week and promised to bring an electrical version of the compact city off-road vehicle to the headquarters. Wolfsburg, according to the signal, returns to normal. It is only likely to be a sham. 35,000 jobs should be dismantled over six years and no work should be closed. So it is in a hurry to the IG Metall, which is in a hurry before Christmas, to which the board members also got involved because they wanted to quickly remove VW from the headlines in the election campaign. Fight for competitiveness in management considered harder cuts to be necessary. But they obviously feared a further escalating industrial action, which would have made every solution with IG Metall difficult shortly before the Bundestag election. Stephan Weil (SPD), Prime Minister in Lower Saxony and a member of the Supervisory Board, urged a quick agreement. The result: a formula compromise. The struggle for competitiveness continues, not only stagnates in the stem brand Vw.der Global car market, and the competition exacerbates, also with rivals from China that are pushing to Europe. In America, Trump’s protectionism relegates the weaknesses of the twelve brand group VW. While BMW and Mercedes built their own works on site early and also exported from there to Europe, VW was only around a decade ago for its own production in Chattanooga, Tennessee. Most VW cars for America from Mexico and Germany still come. If Trump pulls up the customs wall, even a sought-after luxury city off-road vehicle like the Porsche Cayenne built in Bratislava could become a problem. First the shops in China collapsed. There the Taycan electric sports car does not sell almost as well as hoped. Now the global electrical strategy is collected and a lot of money is invested in new combustion and plug-in hybrid models. This year Porsche will continue to move away from the goal of a return on sales by 20 percent that CFO Lutz Meschke had promised the capital market for the IPO. Oliver Blume, the Porsche and the parallel group VW leads in parallel, the question has to put up with how the sports car brand could get into the bredouille under its aegis. Another large construction site is the Ingolstadt brand Audi. There, too, the workforce threatens a savings program. SCHOLZ draws other crisis industries in pre -im election campaign. In the work coat, he pulls over the Thyssenkrupp company in Duisburg and gives the fighter there for workforce interests. If he was really about better framework conditions for industry, he would have to pull across the country. Medium -sized companies in the province suffer from rising costs. Even a large corporation like BASF only holds 80 percent of its facilities at the headquarters in Ludwigshafen to be permanently competitive. With its immediate program, the CDU tries to bring the topic of economy back to the agenda. Incentives for longer work, lower electricity prices, less bureaucracy: such insights mature too slowly. They may come too late for the crisis -plagued automotive industry. It continues to shift production abroad, as the example of the VW Golf shows. The long -term success model will soon run off the assembly line in Mexico. More on the subject of further advertisements. The companies must also solve their problems. Mercedes’s luxury strategy has failed, and even the much praised competitor BMW struggles with difficulties such as the expensive recall due to defects on a brake by the supplier Continental. Porsche and Audi have to reduce the costs. The stem brand VW is also only at the beginning of its restructuring. Nothing would be worse than if the usual cohabitation of the works council and management will be broader again after the fighting of the past few months in Wolfsburg.
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