Subject: Re: *Boom*...... Victory set to compound
Only entrepreneurialism and free markets create prosperity, not the state.
The government is probably the last entity to offshore jobs. The EU just refined it's free trade agreement with Mexico, and, over the last couple years, signed free trade agreements with India and Brazil.
"JCs" like the honchos at VW, are quick to throw Germans on the street, just like USian "JCs" have.
10 March 2026
Volkswagen to cut 50,000 jobs as profits drop
"In total, around 50,000 jobs are due to be cut by 2030 across the Volkswagen Group in Germany," Blume said in a letter to shareholders in the firm's annual report.
https://www.bbc.com/news/artic...
Production of the ICE powered Golf is being moved from Wolfsburg, to Puebla, Mexico.
Volkswagen to cut production in Germany and reduce staff across factories, with Golf production moved to Mexico
https://www.automotivelogistic...
And, because Chinese engineers are cheaper than German engineers...
Under pressure to cut back, Volkswagen mulls Chinese models for Europe
Berlin — Volkswagen AG could begin building its China-specific models in Europe for sale to local markets, or share plants on the continent with Chinese partners, CEO Oliver Blume said on Thursday, after another drop in quarterly profit underscored the need for a fundamental overhaul of the company.
https://www.detroitnews.com/st...
The Europeans have learned NOTHING from the US' experience with NAFTA. They will throw their own citizens on the dole, because Mexicans and Indians work cheaper, condemning themselves to the same social problems the US has experienced over the last 30 years.
Steve