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#everllence — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #everllence, aggregated by home.social.

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  1. “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 <archive.md/XKXff> / <ft.com/content/95650ff3-44b1-4>