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The Executive Board of the Volkswagen Group (VOW.DE)* yesterday presented the Supervisory Board with 12 initiatives to make the financially bedridden Group profitable and competitive by 2030. [Share price is down 66% during the last five years; -25% year-over-year at ~€76. The Wolf in the room from a company with a history starting in Wolfsburg is how many German IG Metall jobs will be devoured. Furthermore, stakeholders have a legitimate question about why these steps weren’t taken long ago – AutoCrat?]
“Our goal is clear: by 2030, we will make the Volkswagen Group the most attractive automotive company in the world – with iconic brands, inspiring products, leading technologies, robust financial results, reliable capital market performance and a team spirit in action,” claimed Oliver Blume, CEO of the Group. “With our future plan, we are moving into the next phase of transformation by our own means. We are making the Volkswagen Group faster, more resilient and more competitive: through less complexity, focused technologies, an even stronger alignment of products, development and production with regional markets, the reduction of over-capacities, a streamlined equity portfolio and significantly leaner structures. In this way, we are creating the conditions for sustained success – even in an increasingly demanding environment.” Continue reading →
Cut Energy Waste. Save $4.8 Trillion or $31,000 a Household!
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Improving energy efficiency in buildings, transportation, and industry in the United States could save about $4.8 trillion in energy and related costs in the next decades, according to The American Council for an Energy-Efficient Economy (ACEEE). The new report released today says that totals to ~$31,000 a household. Households that are currently struggling with energy prices under Trump mis-administration wars and other expensive anti-clean energy policies.*
“High utility bills and gasoline costs are straining family budgets. Improving energy efficiency can save consumers thousands of dollars while easing strain on the electric grid and slashing pollution,” said Lowell Ungar, senior fellow at ACEEE and lead author of the report. “The opportunity to cut energy waste is enormous, from our homes to our factories and our cars and trucks. The costly option would be inaction. We need to unlock ways that consumers, businesses, and communities can benefit from the savings.” Continue reading →