to be fair to VW, they have long known that their only way back is actually (and counterintuitively) go further and integrate into the China manufacturing supply chain, then export back to the Germany from China, where lower production cost can be achieved. They were on course until 2022, when Ukraine War + end of ZIRP spiked inflation unexpectedly, whilst also placing economics firmly after politics in order of priorities. Probably too late now
hunglee2•29m ago