Bela Galgóczi: A “Car Crash” Made in Europe – And How to Fix It
11 Articles
11 Articles
In Zwickau, an industrial city in Saxony, East Germany, the future began in January 2022. After investing €1.2 billion and training 8,000 employees, the Volkswagen Group completed the conversion of the first large factory to exclusively produce electric vehicles.Six models of three brands and a projected capacity of up to 330,000 units per year.Just four years later, Zwickau, like other plants, is immersed in uncertainty.The company studies what…
Hardly any German company is under surveillance like Volkswagen. The Wolfsburg automaker wants to switch from the burner to electric mobility, but struggles with declining sales, expensive plants and tough competition from China. The balance is ambivalent because progress in Europe is facing setbacks in the US and the Far East. A close look shows that [...]
Bela Galgóczi: A “Car Crash” Made in Europe – And How to Fix It
Europe’s car industry has lost ground to China by failing to adapt to electrification, but it still makes up the largest share of European manufacturing jobs: if it is to survive, it will have to change quickly. Bela Galgóczi is a senior researcher at the European Trade Union Institute. Cross-posted from Green European Journal A Volkswagen assembly line in Wolfsburg, 1960 (Picture by Roger Wollstadt) Since 2020, electric car sales have gained mo…
Between sales of electrics at the lowest, software deemed to be bad and marketing operations missed, Volkswagen and Mercedes no longer make the weight in China. China has been the golden egg hen of the German automotive industry. Today, it is the country that threatens to destroy their economic model.
Volkswagen faces a dilemma in China: The German automaker remains one of the country's largest suppliers – but primarily in a market segment that is rapidly declining in importance. While electric cars and other so-called New Energy Vehicles (NEVs) now account for more than half of the Chinese passenger car market, VW continues to sell predominantly combustion engine vehicles. This threatens to turn its previous strength into a liability. Recent…
Just a few years ago, Volkswagen was a symbol of the strength of European industry. The German automaker was celebrating success not only at home. It also made billions in profits from China, which seemed to be a conquered market. Today, the situation is the opposite. Virtually no week goes by without news of planned layoffs, cancellations of model...
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