Labor Day: RIP Germany, soon Canada, and watch Mamdani
Tom KirkmanIndependent Project Manager
It’s Labor Day Weekend in the U.S.
RIP Germany. And soon Canada.
Thanks to the CCP / EU “leadership” and their Carbon Credits scheme to dismantle Western Civilization.
I’m also waiting to see how far Mamdani can destroy New York City.
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“Volkswagen is a case study in self-destruction as a result of EU ‘climate’ politics and German auto company decision-making.
The decision to chase climate policy created European legislation that set quotas, limits and fines on automakers who did not shift to electric vehicles.
German automakers then chose to purchase carbon credits from China, who then use those sales to further discount exported EVs into the German market.
Simultaneously, Volkswagen opened up operation in China allowing their technology to be captured by Chinese auto makers who turned around and duplicated the technology at a much lower price.
Once the manufacturing was at full speed, China stopped purchasing Volkswagen autos.
The partly state-owned German automaker Volkswagen announced today their survival as a company now requires the elimination of 100,000 jobs in Germany with the closure of plants in Emden, Zwickau, Hanover and the Audi site in Neckarsulm.
Volkswagen will not be the last German company to suffer this fate as Mercedes is now 20% owned by Chinese EV company Geely.
The German auto workers do not have a choice.
They no longer have a solid consumer base for their vehicles, and China continues to export low price EVs into the European market.
Every euro in tariffs against Beijing is offset by the euros the auto companies spend purchasing Chinese carbon credits to avoid European fines.
They cannot get out of the spiral. …”