BREAKING: Volkswagen is officially cutting 50,000 jobs as profits crash to their lowest level in a decade. Europe’s largest carmaker announced today that it will eliminate roughly 17% of its German workforce by 2030 to stop a total financial collapse. Profits plummeted 44% last year because the company is being hit from every side: 1) China: Local brands like BYD are crushing VW with cheaper, smarter EVs, causing sales in their biggest market to fall off a cliff. 2) U.S. Tariffs: Trump’s 25% tariffs on imported cars cost VW nearly 3 billion euros in a single year, making it almost impossible to sell German cars in America. 3) Energy Costs: Electricity and labor in Germany have become so expensive that VW is closing its first German factory in history because it's no longer viable to build cars there.