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0 pointsFuriouslyAdrift3mo ago0 comments

VW is carrying $221B in debt and just closed their main plant in Germany because BYD is eating them alive.

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VW just closed a very small plant (165k cars in 24 years) in Germany, the one in Dresden. The largest ones are probably Wolfsburg and Emden, these are running. VW is in trouble, not in terminal decline.

17186274403mo ago

And that plant was also more designed for prestige, i.e. if the costumer wants to see its car built on a carpet.

FuriouslyAdriftOP3mo ago

It is about the prettiest factory I have ever seen... all that glass.

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