Posted originally on Network on: July Rumble on Bright Bart News on July 10, 2026
The European auto industry is a case study on how short-sighted trade policy goals, results in consequences.
Previously, German auto companies like Volkswagen entered into trade agreements with China and began manufacturing their vehicles with immediate financial success in the market. However, it did not take long for Chinese auto companies to reverse the engineering and begin to deliver the same quality vehicles at much lower prices.
The Chinese then stop purchasing the Volkswagen vehicles and purchase the cheaper version, while simultaneously begin exporting those same vehicles into the home market from where the technology originated.
Today, with a double-digit decline in production, Volkswagen announces they will cut almost half of their brands due to diminished sales.
BLOOMBERG – BERLIN — Volkswagen reported weak sales numbers on Friday, a day after the giant German automaker announced plans to slash the number of models by nearly half as sales plunged, particularly in China.
The Wolfsburg, Germany-based company said group sales fell 8.6 per cent in the second quarter to just under 2.1 million vehicles, with sales in China alone plummeted by more than one-third.
After a board meeting on Thursday, Volkswagen said its “fundamental realignment” over the last three years had reached its next phase, announcing plans to streamline the model lineup by up to half, without providing specifics.
CEO Oliver Blume laid out plans to make VW faster and more competitive through less complexity, focused technologies, better alignment across regional markets and reduction of overcapacities, among other things, citing an “increasingly demanding environment.”
Among its main brands, the core Volkswagen unit saw deliveries of slightly over 1 million vehicles in the second quarter, a drop of 14 per cent from a year earlier. Deliveries at Audi declined 8 per cent and those at Porsche fell 18 per cent. (read more)
Maybe Canada will take note, likely they will not.
The only way to avoid this issue is to protect the domestic market. As soon as you open your market to this claimed reciprocity (panda face), it will not take long until the mask drops, and you notice the dragon face behind it
The House of Representatives formally transmitted the Housing Act bill to President Trump last week. The delivery sets in motion a 10-day period where the bill becomes law without action from the president.
The legislation goes into effect at midnight tonight.
PRESIDENT TRUMP – “I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT, which is polling at 97% with the Republican Party, and very high with the non-politician Dumocrats. The Act states, quite simply, that to Vote a person must show PHOTO VOTER I.D., PROOF OF CITIZENSHIP, AND THAT THERE WILL BE NO MORE CROOKED, CORRUPT, & DESTABILIZING MAIL-IN BALLOTS (EXCEPTIONS for Military, Disabled, Illness, and Travel!). THE SAVE AMERICA ACT’S non-passage is CRAZY, and a serious threat to any politician who votes against it!
If the Dumocrats, or any RINO (or worse!) working with them, do not allow a positive Vote on SAVE AMERICA, TERMINATE THE FILIBUSTER, and pass this, and every other Bill that true Republicans have ever dreamt of (In addition to the upcoming Budget BOMB and the 1929 catastrophic style DEBT CEILING BILL!). The Dumocrats will TERMINATE THE FILIBUSTER, if and when they ever get the chance to do so, in their very first hour – And I will no longer be able to call them Dumocrats again! The title of DUMB will revert to the Republicans who allowed this horrible calamity to happen to our Party, and our Nation, itself! MAKE AMERICA GREAT AGAIN!”
o the FED on labor policy that includes one of the most egregious violators of H1B fraud, XBox CEO Asha Sharma.
It is beyond frustrating to see our labor system for ‘qualified technical positions’ being abused by companies who are intentionally discriminating against American workers.
oAmerican born Asha Sharma was the former VP at Facebook during their $14M settlement with DOJ for discriminating against American workers. Now as CEO of Microsoft XBox gaming, she has announced the termination of around 3,200 employees while Microsoft, company-wide, filed 2,879 Labor Condition Application for H-1B positions in fiscal year 2026.
There is a pattern at work within the high-tech industry where corporations factor in the price of lawsuits as a cost of doing business, a cost-effective way to continue discriminating against American workers. Obviously, they deny this practice, yet the transparent visibility of the practice continuing tell a more honest story.
Into this mix, Federal Reserve Chairman Kevin Warsh announces an advisory network of business and economic leaders to help guide FED policy on a variety of subjects. [CITATION] Within the Productivity and Jobs taskforce, Asha Sharma surfaces as an advisor “to inform the Federal Reserve’s policy judgments.”
I’m sure all of these are lovely people, with the best intentions for their own personal interests. However, where in the dynamic of FED policy advisors is the person who speaks directly to the needs of American workers who are being forced by policy to compete against the entire world for a tech sector job.
Arminio Fraga, founder and chairman, Gávea Investimentos; former president, Central Bank of Brazil. Mervyn King, former governor, Bank of England. Raghuram Rajan, professor of finance, University of Chicago Booth School of Business; former governor, Reserve Bank of India. Raj Chetty, professor of economics, Harvard University. Asha Sharma, executive vice president and XBOX CEO, Microsoft Corp. {SOURCE}
VGC – […] Notably, Sharma was named one of three advisors on the Productivity and Jobs task force, which the Federal Reserve says will be assessing, among other things, the impact of AI.
According to a news release, the task force will look at “the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve’s policy judgments.”
Supported by Federal Reserve staff, the task forces will operate independently, with “a mandate to follow the evidence, provide candid feedback, and produce rigorous findings for the Federal Open Market Committee”. (more)
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