AllistonGT
Well-known member
For example #1 automaker VW Group produced about 11.3 million vehicles worldwide in 2018, while employing ~650,000, whereas #2 automaker Toyota made about 10.7 million vehicles with only ~350,000 employees. About half the labour force! One pays dividends to shareholders while the other builds reserves to fund things like electric grid expansion. And as odd as it sounds, perhaps that may be a good thing to do for evolution in transportation?
I would guess VW does a lot more assembly in house vs Toyota that probably has a lot outsourced to sub assembly factories. Honda as well. By the way Porsche contribute a huge amount of the profit VW makes. Porsche has been for many years now the most profitable per unit auto producer in the world.