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Vw: Publicly Subsidized Capitalism
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A couple of weeks ago we read that only two Volkswagen Group plants are capable of competing with factories in Eastern Europe and China: Landabengoa and Palmela (Portugal). As Oliver Blume, CEO of the Volkswagen Group, said, "their production costs are on par with those in Eastern Europe, and even with many in China." On the same day, the Minister of Industry, Mikel Irujo, expressed great concern about the difficult situation facing German indus…
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