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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 1 day ago by [email protected] to c/[email protected]

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

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[–] [email protected] 13 points 1 day 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.