this post was submitted on 28 Nov 2023
281 points (97.0% liked)
Technology
59713 readers
5909 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
The news organization saw a post on VW's intranet quoting CEO Thomas Schaffer, who blamed low productivity and high costs for the impending cuts.
"With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand," Schaffer said at a staff meeting.
EVs remain significantly more expensive than an equivalent car with a four-cylinder engine, an effect that's more pronounced in the market segments VW serves.
Lackluster products haven't helped—an ambitious plan by VW Group to master its software destiny has become a chaotic mess, delaying new vehicles in the process.
Feedback about the company's new capacitive multifunction steering wheel was so overwhelmingly negative that last year, Schaffer promised to ditch the design.
VW's board member in charge of human resources told staff that it will look at partial or early retirement agreements but that the majority of the $10.9 billion in cuts would come from savings other than job losses.
The original article contains 315 words, the summary contains 158 words. Saved 50%. I'm a bot and I'm open source!