The German media have been talking for months about a €10bn cost-cutting program at Volkswagen that includes layoffs, and Czech labor leader Jaroslav Povšík of Škoda Auto started warning in Sept. that it could affect Czech jobs too. One of the main issues is lower-thanexpected sales of e-vehicles (EVs), and that was even before the generous EV subsidies in Germany ended this week. While the Czech cabinet was putting all its effort into attracting a VW gigafactory, VW was already making plans to downsize its EV output. The CR is now in the position of losing production of regular Superbs and Octavias to Bratislava - to make room for EVs that might not be produced in the expected numbers. Didn't Petr Fiala and Jozef Síkela get wind of this when they met in Prague on Oct. 30 with VW Chair Oliver Blume? Investor Warren Buffett famously said that, "You don't find out who's been swimming naked until the tide goes out."We'll soon find out if the CR is the naked man of Europe.
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