#everllence — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #everllence, aggregated by home.social.
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EU-Kommission genehmigt Verkauf von 51 Prozent an Everllence – VW erzielt 7,4 Mrd. Euro https://www.diebayern.de/wirtschaft/eu-kommission-genehmigt-verkauf-von-51-prozent-an-everllence-vw-erzielt-7-4-mrd-3169134?utm_source=Mastodon&utm_medium=dpa&utm_content=textlink #Automobilindustrie #Motorenbau #Deutschland #Industrie #Niedersachsen #EU #Bayern #Augsburg #Volkswagen #Everllence #BainCapital #EU-Kommission
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“Volkswagen chief executive #OliverBlume had less than 48 hours to celebrate the lucrative sale of the #carmaker’s €10bn marine #engines division before the deal was overshadowed by his plans to #axe up to 100,000 jobs.
The sale of a majority stake in #Everllence and the scale of the cost-cutting plans revealed last week underline the urgency at #Volkswagen as it fights fierce competition from insurgent #Chinese brands and adapts to the shift to #ElectricVehicles.”
This is a business decision not to go electric. #VW had the technology almost 6 decades ago. Maximise profit, then loose.
#Germany / #engineering / #electrification / #ElectricCars / #EV <https://archive.md/XKXff> / <https://www.ft.com/content/95650ff3-44b1-4018-8ba4-5702304177e5?syn-25a6b1a6=1>