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AQuietNight
The Electric Viking
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Comments by "AQuietNight" (@AQuietNight) on "" video.
If you want to trade with China, eventually wages have to drop to Chinese levels. Over time, cheap stuff from China will cost you a fortune.
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Cutting the dividend won't do a whole lot for you if the competition's cost structure is far lower than yours. It's more of a nice gesture more than anything else.
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@JustinTipton China has lower labor costs, programs to help their auto companies to get started and grow plus a currency that gives them an edge in international sales. No matter how efficient VW can become, they still have other hurdles to deal with. Maybe Germany can insist the Chinese battery makers set up shop in Germany?
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@HNedel That would make it an EU problem.
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