Volkswagen, Finally, May Have To Put Investors First, Unions Second

For decades, Volkswagen defied the logic that leading global corporations had to be cutthroat capitalists to survive and thrive. Instead of being driven by shareholders’ demands, VW managed to stay at the top of the global auto rat race while strategy was determined by trade unions and socialist politicians. Those days of the workers coming before shareholders appear to be coming to an end, with the coup de grace coming ironically from the communist Chinese, whose automakers are trampling over their former western masters on the back of government subsidies and state direction. Volkswagen has managed to continue with its…