[HN Gopher] Volkswagen cuts jobs as demand for EVs plunges
___________________________________________________________________
Volkswagen cuts jobs as demand for EVs plunges
Author : Fervicus
Score : 23 points
Date : 2023-09-24 22:19 UTC (40 minutes ago)
(HTM) web link (fortune.com)
(TXT) w3m dump (fortune.com)
| GenerWork wrote:
| Key part of the article: "But orders from corporate clients --
| which account for around 70% of the IDs built at the plant --
| have been plummeting since a federal subsidy for battery-powered
| company vehicles expired this month, one of the people said."
| cs702 wrote:
| Correction: ...as demand for _non-Tesla EVs_ plunges.
|
| Demand for _Tesla EVs_ is... booming. Tesla sold 83% more cars in
| the most recent quarter than in the same quarter a year ago.[a]
|
| [a] https://digitalassets.tesla.com/tesla-
| contents/image/upload/...
| bradly wrote:
| The actual article has the following title for me: VW is
| cutting jobs at its German EV factory because demand is
| plunging
|
| The HN title is: Volkswagen cuts jobs as demand for EVs plunges
|
| Not sure why the difference but the article cites Tesla demand
| of one of the key reasons the demand "is plunging"
| userbinator wrote:
| Perhaps "as demand for *its EVs plunges" would be more
| appropriate, if it fits within the title length limit.
| DoesntMatter22 wrote:
| Competition is coming for tesla _rolls eyes_
| bearjaws wrote:
| They just cut the price on the model x and s.
|
| They have thousands of model ys with discounts on their website
| as they are waiting to be sold at a dealership.
|
| That not even including all the huge promotions on the model 3.
|
| I wouldn't say Tesla isn't at least slowing down based on their
| nearly 3 month old earnings report.
| ggm wrote:
| I wish there was a law to expose for all products the rate of
| profit, and the implicit and explicit subsidies. It's impossible
| to know how EV margins compare to e.g. a minivan or a golf
| classic ICE.
| panick21_ wrote:
| Its funny how the EU is now 'investigating subsidies' in China.
|
| China has been building this sector for like 30 years.
|
| While Europeans were so proud of their diesel vehicles and how
| clean they were and the Germany companies endlessly talking about
| hydrogen and green fuels. While Europe has basically no resource
| extraction related to batteries or much of any battery refinement
| for most of that period.
|
| But now that this bears fruit for China the EU is like 'what what
| what, I though our brilliant hydrogen plan was gone work'.
| rj45jackattack wrote:
| I'm sure current interest rates have nothing to do with it :/
| petee wrote:
| Is there really any surprise no one wants to pay $45000 for a
| compact car? What is the profit margin on EVs that its cheaper to
| not sell cars versus making them affordable and within reach of
| more customers?
|
| Edit: actually I can't tell if thats their cheapest car, VWs
| website sucks on mobile so I gave up. You'd think it'd be easy to
| just show the prices
| AniseAbyss wrote:
| Volkswagen got big (it's in the name) with building affordable
| cars like the Beetle and the Golf. Compact fuel efficient cars
| that a nurse or teacher could afford.
| fbdab103 wrote:
| VW's site sucks on desktop as well. Ultra-wide monitor and I
| have to use a hamburger menu to see the navigation bar.
|
| Using the VW filters, the only electric that I see is the ID.4
| SUV starting at $39k.
|
| Edit: Just went to Honda and the cheapest electric options are
| a CR-V hybrid at $29.5k or the Accord Hybrid at $32k.
| version_five wrote:
| Canada has given them an 11 figure subsidy to build EVs here... I
| wonder how that will play out if there is not the demand.
___________________________________________________________________
(page generated 2023-09-24 23:00 UTC)