this post was submitted on 10 Dec 2024

218 points (100.0% liked)

World News

464 readers

444 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 10 months ago

MODERATORS

Deceptichum@quokk.au

Quokka@quokk.au

Grainne@lemmy.dbzer0.com

PhilipTheBucket@quokk.au

218

Volkswagen CEO's Speech to Workers Drowned Out By Boos After He Says Company 'Isn't Operating in a Fantasy World' (www.latintimes.com)

submitted 7 months ago by StraponStratos@lemmy.sdf.org to c/world@quokk.au

14 comments fedilink hide all child comments

The carmaker has been in heated discussions with unions after announcing this fall that it would have to take drastic measures to cut costs

you are viewing a single comment's thread
view the rest of the comments

[–] Asetru@feddit.org 14 points 7 months ago

What are you talking about? Over the last 10 years, there was only one year when they weren't profitable (2015, 1.58 billion euros loss after they had to defer more then 16 billion euros because of their diesel shenanigans), every other year they were making billions. In fact, only in '16 and '20 were they "only" in the single digit billions, the remaining 7 years they made 10+ billions in profit, with the most recent year '23 being a record year in both, revenue (322 billion euros) and profit (16 billion euros).

Their debt is being paid and then some. This is not an issue.