Recall, to VAG's major shareholders, it doesn't matter where a VW is made since they would always collect and distribute the profit from its sale. To auto workers and their local communities on the other hand, it makes dramatic difference whether the VWs on their streets were made close by, or a continent away.
this post was submitted on 03 Jul 2024
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Close by meaning in Eastern Europe btw.
German car maker lobby has been propping up Orbán since 2010.
Yeah propping up the organ isn't ideal. At least paying Hungarian workers benefits the EU economy.
Yeah, those factories have started to fire Hungarian workers as they started to unionize, and are now hiring seasonal staff from Southeast Asia.
There are outsourcing companies advertising people from the Philippines by saying they don't know their rights and can be paid below minimum wage.
All the money from this is either going to German sharehoarders or Orbán's overseas accounts from the taxes they pay.
Nice. Real nice.
I'm afraid China hasn't been playing fairly in the markets by producing certain goods at a cost to remove competition. It's going to get even worse after the state just declared all mineral rights belong solely to the nation.
But why? Isn't that their capitalism at work? If they are good, people will buy them. If they are not, then German manufacturers have nothing to worry about. Heaven forbid a free market act as initially intended, balancing out to reward manufacturers that perform well and consumers with competition driven high quality at reasonable prices.
It's a bitch, aint it? Some times that Community Chest card ruins your whole Monopoly game.
Oh, wait... Lobbyist card hidden under the board. That's the capitalism we all know and loathe.
It's kind of impressive that you skipped the 'didn't read the article before I posted' and went to 'didn't read the post title before I posted'. That's innovative.
German car makers do not want tariffs on chinese made cars, because they entered partnerships with them.