The German media have been talking for months about a €10bn cost-cutting program atVolkswagen that includes layoffs, and Czech labor leader Jaroslav Povšík of Škoda Auto started warning in Sept. that it could affect Czech jobs too. One of the main issues is lower-than-expected sales of e-vehicles (EVs), and that was even before the generous EV subsidies inGermany ended this week. While the Czech cabinet was putting all its effort into attractinga VW gigafactory, VW was already making plans to downsize its EV output. The CR is nowin the position of losing production of regular Superbs and Octavias to Bratislava – to makeroom for EVs that might not be produced in the expected numbers. Didn’t Petr Fiala and JozefSíkela get wind of this when they met in Prague on Oct. 30 with VW Chair Oliver Blume?Investor Warren Buffett famously said that, “You don’t find out who’s been swimming nakeduntil the tide goes out.” We’ll soon find out if the CR is the naked man of Europe.

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