Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

‘It’s stupid’: why western carmakers’ retreat from electric risks dooming them to irrelevance

Iran war should be wake-up call about costs of not going full throttle towards EVs as Chinese have done, experts say

The Guardian

@thomasfuchs

Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

In case of VW Greedy State too, that company is in part State owned.

Biggest problem on top of greed is lousy products, not just from VW.