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Chapter 922 The European Financial Crisis, caused by Changtian Technology

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    Chapter 922 The European financial crisis was caused by Changtian Technology

    Volkswagen headquarters in Wolfsburg, Germany.

    In front of Volkswagen CEO Herbert is Volkswagen's global one-year performance last year, and Volkswagen's global sales from January to April this year.

    If it is expressed in one word, it is appalling.

    In the Beimi Auto Market.

    Volkswagen has been in a weak sales position.

    In the past, it had to face competition from Toyota, Hyundai, and a large number of local American auto companies, and now it also faces competition from the new energy vehicle Tesla.

    Therefore, Volkswagen has never expected that it can make money in the North American market.

    Not to mention the European market, the auto market is heavily involved.

    The place where the global automobile companies are most concentrated is Europe.

    It is already quite good for the public to be able to maintain the original share.

    In addition, in recent years, the high welfare society in Europe has become unsustainable.

    After missing the Internet era.

    The economic situation in Europe has not been good.

    Except for a few small countries with some economic growth, the economies of mainstream European countries, including Germany, are in recession.

    The direct impact of the economic recession is that consumers' consumption desires are reduced. Consumers have no consumption desires, and it is even less likely to spend a lot of money to buy your car.

    Even if users are willing to buy a car, the brand they buy is Toyota Hyundai's fuel-efficient and durable models.

    The public is increasingly disliked by local Europeans.

    Therefore, Volkswagen continues to shrink in the European market.

    In the past few years, the public has pinned their only hope in the world on the Xiaguo market.

    Unexpectedly, Changtian Technology in the Xiaguo market would be born out of nowhere.

    In just two years, the car companies in Europe, the United States, Dongyang, and South Korea, which have been working in Xiaguo for decades, were wiped out.

    The financial report in front of Herbert showed that last year and from January to April this year, Volkswagen was losing money in Xiaguo.

    The loss amounted to 3 billion euros.

    These are not counted as unsold inventory cars.

    This data will be even uglier if the loss of inventory vehicles is accrued.

    Affected by the failure of Xiaguo Volkswagen to sell.

    ? Many factories established by Volkswagen in Xiaguo have been closed down, employees have been dismissed, and equipment has been idled.

    And it is affected by Xia Guo's terminal market.

    The upstream and downstream industry chain of Volkswagen auto parts has also been seriously affected.

    Automobile is an industry that is very particular about planning and supporting.

    For example, if you produce a complete vehicle, then your supporting parts will be produced in a certain proportion.

    If you can't sell a car, then of course you can't sell the supporting parts you produced, after all, this car will no longer have after-sales.

    Therefore, the collapse of Xia Guo's sales has directly affected Volkswagen's European companies.

    In order to save costs, most of the factories that have left Europe have also been closed since the end of last year, and have not resumed production until now.

    As many as 50,000 employees were affected.

    When calculating the number of industrial workers involved in the upstream and downstream industrial chains, as well as related practitioners, there are as many as hundreds of thousands.

    Behind these hundreds of thousands of people are hundreds of thousands of German families with millions of people.

    If the income of these millions of people decreases, they will definitely increase their savings and severely reduce expenditures, involving tens of millions of industries and personnel.

    Therefore, the sales of German cars including Volkswagen, BMW, Mercedes-Benz, and Audi (owned by Volkswagen) in Xiaguo are affected, which directly affects the entire German economy.

    German economists predict that Germany's economic growth rate will reach negative 3% this year, setting a "new high" in history, and the new high here is a negative new high.

    Just when Herbert was in a meeting, there were still large-scale employees protesting downstairs in the Volkswagen headquarters.

    The protesting crowd held signs and shouted slogans.

    ? Demand compensation from the public.

    ? Requires the public not to be able to fire employees.

    Everyone was filled with righteous indignation, and many employees cried when they were interviewed by reporters.

    In the past few years, the media in the country of Xia have been promoting the blue-collar class in Germany.

    It is said that although this part of the class has not studied in college, they have all studied in vocational technical schools. They have very strong technical skills, and they can??The company is embarrassed when it encounters a crisis.

    Because Volkswagen's crisis is also a crisis for the entire European auto industry.

    This is definitely unavoidable.

    What's more, the top executives and shareholders of Volkswagen also hope to take this opportunity to put pressure on Germany and the European Union, so that they can find ways to support the public and help the public to tide over the difficulties.

    So Herbert laughed, sat on the sofa, and said to the reporters with some helplessness: "Why and Volkswagen layoffs? This is also the question I want to ask, affected by new energy vehicles, especially Tesla and  Affected by Xia Guochangtian Technology's bio-new energy vehicles, Volkswagen's global sales have fallen sharply."

    "In the second half of last year and the first four months of this year, the sum of all sales was not as much as a quarter a few years ago."

    "Volkswagen has faced serious losses since last year."

    "We have closed many of Volkswagen's auto factories in the European Xiaguo and reduced expenses, but there is still no way to curb the loss of the group company."

    "Of course, the slow sales of cars will affect the operation of our entire production line, so we have also closed many car production lines, and those idle employees are also a great burden for us, so we have laid off employees in accordance with the requirements of relevant laws and given them  Employees have the highest compensation available under the law."

    After Herbert said these words, the reporters who interviewed him had another feeling.

    In fact, we sympathized with some unemployed industrial workers at the beginning, and felt that Herbert and the people behind him were bloody capital that cannibalize people without spitting out their bones.

    But now hearing Herbert introduce the situation of the public, I also feel that the public is in a very crisis.

    The reporters are also very clear that Volkswagen is a pillar industry in Germany. If Volkswagen is finished, the German economy will suffer a devastating blow.

    After the interview, the mainstream media in Europe shifted their focus from the living conditions of industrial workers in the industry to the problems in Germany and even the entire European auto industry.

    A number of media reports: Because of the new bio-energy vehicles launched by Changtian Technology, the European auto industry has suffered a devastating blow, losing the Xia country market in a short period of time, and will soon lose the global market.

    The analysis of "The Economist" magazine is very objective, saying: "Europe's automobile industry developed a hundred years ago, which is also an advantage for Europe, but today, it is actually a disadvantage.

    The huge industrial chain of fuel vehicles and the millions of industrial workers behind them have prevented the automobile groups in various European countries from successfully completing the new energy vehicle revolution. The European automobile industry lags behind the world, behind the United States and Xia.  Inevitable historical law.  "

    "The fall of the auto industry indicates that the European economy will experience severe pain in the next few years, and may even lead to an irreversible recession. The European economy has already stood at a crossroads. How to get Europe out of the quagmire of the economic crisis is a test  The wisdom of the EU."

    The media are objective analysts.

    Some extreme anti-China media had no way to shout at Changtian Technology's bio-new energy vehicles, and they didn't even say the word boycott.

    Because Changtian Technology defeated European auto companies in the Xiaguo market, not in the European market.

    How to resist Changtian Technology's bio-new energy vehicles?

    Is it possible to call on Xiaguo users to boycott Changtian Technology's new energy vehicles?

    Isn't this a fairy tale? What is it?

    But ordinary consumers don¡¯t care about the reports of The Economist or The Times, let alone the economic logic behind the European economic recession and the unemployment of a large number of workers. What they think is that they are now unemployed and have no money.  If you have income, you must receive a parade, and you must get a well-paid job.

    In the spring of 2019, Europe was very sad.

    Volkswagen (including its Porsche, Audi, etc.), Peugeot, Citroen, Mercedes-Benz, BMW, Skoda, Fiat and other rental companies have reduced their factories and even closed their production lines and factories.

    Skoda and Fiat even declared bankruptcy directly.

    Skoda was originally owned by the public. It used to feel that it was backed by a big tree and had a worry-free future.

    But now the public can't protect themselves, so they told the graduates that they support Skoda.

    The entire auto industry in Europe is in turmoil, and bankruptcies and reduced production are happening every day.

    Unemployment is also sweeping across the entire European continent.

    Demonstrations in various countries continued, fire prevention, smashing, looting, and zero yuan purchases also swept across Europe.

    The people took to the streets, hoping to have a job and an income.

    The "New York Times" commented with some gloat: "Europe's auto industry chain has completely collapsed."

    CNN, on the other hand, commented sharply: "Changtian Technology has caused the financial crisis in Europe."

    To be precise, they are all employees, because these people have been laid off by Volkswagen headquarters.

    The masses are capitalists, not philanthropists.

    When the company's operations encounter problems.

    The first thing to consider is of course to ensure the normal operation of the company and reduce expenses, not to pay employees.It swept across the whole of Europe.

    The people took to the streets, hoping to have a job and an income.

    The "New York Times" commented with some gloat: "Europe's auto industry chain has completely collapsed."

    CNN, on the other hand, commented sharply: "Changtian Technology has caused the financial crisis in Europe."

    To be precise, they are all employees, because these people have been laid off by Volkswagen headquarters.

    The masses are capitalists, not philanthropists.

    When the company's operations encounter problems.

    The first thing to consider is of course to ensure the normal operation of the company and reduce expenses, not to pay employees.
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