VW are in CRISIS as EV sales and total car sales fall worldwide

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VW are in CRISIS as EV sales and total car sales fall worldwide
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13 сен 2024

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Комментарии : 379

@daveh6356 2 месяца назад

It's because European manufacturers see EVs as premium whereas Chinese manufacturers see them as normal.

@sunnyd6291 Месяц назад

Exactly right

@martinaston1715 Месяц назад

Yes but mainly because the Europeans started EV development 10 years after the Chinese, so are having to buy in the technology and batteries at hugely inflated prices and its older technology, only TESLA is at similar pace to Chinese as they started development at a similar time. China already selling 800V EV tech with much bigger range and much faster charging , that and lets not forget the VW group have massive multi billion court settlements due to Diesel gate..

@jasonmugridge Месяц назад

No it’s because the CEO’s want to keep their profits and share prices high in the short term. Switching to EV’s will cost them money in the short term and are not as profitable (as they don’t need as much servicing) long term.

@daveh6356 Месяц назад

@@jasonmugridge and that's what CEOs are for right, short-term thinking? Do you consider VAGs mounting $200bn debt as preserving 'profits'? What's the profit on non-sales? I guess until they can make EVs profitably, like Tesla & BYD, they should step aside/out.

@daveh6356 Месяц назад

@@martinaston1715 in some cases they're having to get Geely to manufacture the whole vehicle. My point is, their products are largely high-end with no commitment to normalising EVs. It's as if they think EVs are a fad and will 'all blow over'.

@garrycroft4215 2 месяца назад

Geely will one day be the new VW group.

@rogerfaint499 2 месяца назад

A 21st century Nostradamus (aka Nosepicker) predicted that 20 years ago. You are offering nothing new.

@markdc1145 Месяц назад

And that day is nearing fast.

@alex.velasco 2 месяца назад

The Nokia and Blackberry examples obviously come to mind when we see the auto companies not facing up to reality. You also rightly (and hilariously) reminded us of how Kodak, who, don’t forget, pioneered digital photography, were unable to manage technological change. Just as Kodak was essentially a film photography company, regardless of how they saw themselves, so many of these car companies are essentially internal-combustion-engine auto manufacturers. BMW, Porsche, and Ferrari seem to struggle with the idea that their cars won't be able to make loud vroom vroom sounds anymore. In the 1980s I cheered for the Japanese car makers, now I cheer for the Chinese - go get ’em!

@skvUSA Месяц назад

@alex.velasco Come down to earth, China also struggles to sell EV nodays... Here two problems: 1. In US, you just cannot charge EV unless you live in private house or upscale apartments. EV is ok as a second car, but that again implies private house. 2. The charging time and range both boils down to batteries. Do you really want to buy a $50K-60K car today with 250mi range and 80%/45min charge today, if everybody promises 350+mi range and 80%/20min charge in 3-5 yrs? What would be the reselling value of your $50-60K car?

@alex.velasco Месяц назад

@@skvUSA your comment is verifiable nonsense.

@truebrit3670 Месяц назад

@@skvUSAlol. Do you do children's parties?

@skvUSA Месяц назад

@@truebrit3670 Yep. For toddlers like you who cannot discuss nor accept points and rather tend to throw tantrums.

@timothykeith1367 Месяц назад

Kodak still sells digital cameras and are leaders in digital printing

@xexas3000 2 месяца назад

No wonder. Lets take for example the VW Golf. Around 6/7 years ago a basic diesel vw golf was around 26k, now its 39k. Do you think the working people got that % salary increase? think again

@jantjarks7946 2 месяца назад

I would say buy a Polo, as it is the size of the Golf back then. But I'm not going to say that these days anymore, seeing the EV developments.

@MyUniversalUniversity Месяц назад

@@xexas3000 if the EV was a Tesla it would save enough money on electricity, VS Gas. 125 miles per gallon!! Also, there are very few items what need maintenance!! About the same money out of the pocket!!!.

@markh7288 2 месяца назад

The strange thing is that they seem to be getting things right now. I spoke to a new id7 driver who got out of an Id4 previously, he is delighted with his new purchase, none of the issues he had with his older car, which he has passed to his wife, he wants to get her a new ID4 as they have improved its efficiency. I must admit, I’d hate to see them disappear, I have owned 7 or 8 of them and must say they were great cars, always better than their competition.

@MB-sl8pw Месяц назад

Their software is so bad that have to invest in Rivian to get their software. The buyers of VW ev's are old people they dont know what good software is.

@Grunwald-lb8vt 2 месяца назад

Death spiral from now ?

@safebatteries8315 2 месяца назад

VWs have always been risky to buy here the States . Gas or EV

@stopthefomo 2 месяца назад

Consumers aren’t stupid! Hyundai Ioniq 5 or VW ID4 at the same price? EV6, Model 3 and Mach E are also better options. If ID4 was the better car, then no problem.

@75Chopin Месяц назад

My Dad was never into Tesla but when he saw the Tesla auto parking, he was almost sold on getting Tesla. He stated if he were to get EV why bother with other brands If they all cost about the same? Get a Tesla.

@fredrickhanson5451 Месяц назад

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@godfreykappe3861 Месяц назад

GREAT NEWS HOW DID YOU GET THAT?

@mohdhakim6510 Месяц назад

IT'S ALL THANKS TO MRS ALICE FOSTER

@drstevejones7634 Месяц назад

TRADING UNDER PROPER GUARDIANS REMAINS THE BEST WAY TO SUCCEED IN TODAY'S CRYPTO MARKET,

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@BenardAdams Месяц назад

Alice foster technical analysis is excellent 💯 and her interpretation/projections on the market is so accurate I sometimes ask myself if she's Human 😂😂 Alice Is the perfect trader to follow for advice and daily signal

@davidbrayshaw3529 2 месяца назад

Yep, VW's sales are down, so are their profits. They've fallen all the way to $4.6 billion! Yep, dark days ahead, for sure.

@pauli2753 2 месяца назад

And that is in a single quarter.

@larryc1616 2 месяца назад

+200B debt 🫣

@davidbrayshaw3529 2 месяца назад

@@larryc1616 Largest corporate debt in the world and surprisingly still rated as a buy.

@user-br8ny2it9t 2 месяца назад

@@davidbrayshaw3529 again thats not dept... they have a consolidated bank...

@mattsparks5957 Месяц назад

@@davidbrayshaw3529 Gm Ford Toyota are all well over a billion dollars in debt

@beautifulgirl219 2 месяца назад

There is record-breaking heat hitting the US. The Guardian says the heatwave “is now moving east into the midwest and south-east, as millions of Americans have been under a heat alert at some point in the past week”. It notes that more than 255 million Americans “are expected to experience 92F [33C] temperatures between Sunday and Wednesday this week, with at least 30 million to experience temperatures of 101F [39C] or higher”. The New York Times reports that “burns from scorching-hot sidewalks and roads are rising, and can be fatal”. The Associated Press says that “a dangerously hot summer is shaping up in the US west, with heat suspected in dozens of recent deaths”. And the Washington Post reports that “high outdoor temperatures, rising climate costs and humidity are all contributing to higher air-conditioning bills”. A new review study on urban heat exposure finds that a 1C rise in temperature is linked to a 2.1% rise in “disease-related mortality” and a 1.1% rise in “morbidity”. The authors identified 188 studies about the impact of warm weather on health in urban settings, and carried out a “meta analysis” to collate their results. The study finds that “China's urban population faced an elevated mortality risk compared to other countries”. The authors conclude that “widespread exposure to high temperatures amplifies health risks across various diseases, demographics, climates, and countries, with potential exacerbation under ongoing global warming”.

@martinutr 2 месяца назад

And you can add smoke and displacement from bigger and more frequent forest fires. Despite it all, so many people are more scared of buying an EV than they are of all these climate related risks.

@mattsparks5957 Месяц назад

It's fine in Ohio. We call it summer.

@mattsparks5957 Месяц назад

@@martinutrI seen a chart that forest fires are at an all time low

@docsnider8926 2 месяца назад

Can‘t find the investor warning on the website of Volkswagen. Instead, there is a statement, that Volkswagen will reach its financial targets for 2024. where is the evidence for your claims?

@docsnider8926 2 месяца назад

NB Giving financial advice is really thin ice, hope you know, what you are doing.

@BrunoHeggli-zp3nl 2 месяца назад

The electric Viking is just a bullshitter and Elon asskisser!

@brendanpells912 2 месяца назад

VAG sales up 5.7% in UK this year. Tesla sales down 11.9%

@johnmightymole2284 Месяц назад

Stupid brexit nation going backwards. Good luck.

@fredbloggs5902 2 месяца назад

VW have entered a death spiral. Lower sales -> lower revenue -> lower investment-> delayed EVs -> lower sales

@richardalexander5758 2 месяца назад

Yes, it would appear so...

@FrunkensteinVonZipperneck 2 месяца назад

And they have no credit …

@pauli2753 2 месяца назад

Their revenus went up by almost 20% last year. Check the numbers.

@fredbloggs5902 2 месяца назад

@@pauli2753 Q1-2024 was DOWN 20% YoY.

@icosthop9998 2 месяца назад

In what country is *Volkswagen Group* selling to have had that happen ?❔️

@rogainstruments9273 Месяц назад

What about solvency with regard to “company pensions” and the age groups that are now slowly claiming them? With this company policy and product planning as well as the declining profit margin, I see blatant financing difficulties with regard to pension promises and the regular ability to pay out to your pensioners.

@jkajolin 2 месяца назад

Probably GM goes down before VW . German goverment can also give VW some loans when required.

@danielstefanovic2604 2 месяца назад

And trump would problaly save gm, too many americans would loose job if gm bankrupt

@icosthop9998 2 месяца назад

@@danielstefanovic2604 True Like *"Bank of America"* , too big to fail.

@ZweiZwolf 2 месяца назад

Quite frankly, the situation for VAG is nowhere near as bad as it could be. Right now, China has chosen not to retaliate against EU-produced automobile imports. If China wanted to really punish the EU, they would slap a prohibitively large (say, 100%) carbon tax on ALL automobile imports in addition to a comparable 30% tariff on EV imports. Right now, Porsche is a huge profit center for VAG, but produces ZERO cars in China, so every Porsche sold in China is imported from Germany - it's a huge 'overcapacity' situation where Porsche is 'dumping' cars in China. Similar issues exist with various higher-end, higher-margin Audi (also BMW and Mercedes) vehicles. If China squeezes those profitable cars, they can squeeze German auto industry revenue and profit much harder. This would ripple down to the German suppliers like ZF and Bosch, along with tertiary effects throughout the economy. Those debts would put VAG, BMW, and others into bankruptcy risk that the German state would have to bail out to prevent collapse and massive unemployment. That is, the VAG crisis is far larger than VAG, and extends to the entire German auto industry. China could push Germany into a sustained economic recession (potentially depression) that lasts for multiple years, and permanently destroy the German automobile competition. Fortunately for Germany, China isn't as cold-blooded as America. Although, if the EU persists with tariffs on Chinese EVs, China should eventually do so and force the EU into an Australia situation, where they are forced to open up to Chinese imports because they can no longer produce cars domestically. Fortunately for China's government, the Chinese consumer is already making the shift due to Chinese EV competitiveness, so this is happening organically without China having to employ any heavy-handed policy tools.

@kenoliver8913 2 месяца назад

"we have deliberately prioritised sustainable value creation over volume" - Audi CEO. "Crowds are smaller because we are selective about our audience" - Spinal Tap's manager. Don't you love spin?

@davidbeppler3032 2 месяца назад

A Porsche owner explained to me that Porsche does not build for the masses. They do not want sales. They want valued customers. I laughed so hard at him. Imagine the sales slogan. "Don't buy our cars, we don't want your money."

@FrunkensteinVonZipperneck 2 месяца назад

Spinal Tap is satire. VW is ridiculed.

@cravarc 2 месяца назад

@@kenoliver8913 Volkswagen: Smell the Glove

@alexdwebba 2 месяца назад

i've got an ID buzz on order hopefully they wont go bust before i get it 😅

@francismarion6400 2 месяца назад

Housing prices have already dropped 20% in my area and no one is buying.

@verypleasantguy 2 месяца назад

Try organizing a haunted house tour --- and you can be the tour guide

@murat8194 2 месяца назад

Yeah sure 😂😂😂😂

@jsanders100 2 месяца назад

Where are you, Ukraine?

@icosthop9998 2 месяца назад

@@jsanders100 L😂L 👍

@ZweiZwolf 2 месяца назад

@@jsanders100 Maybe Detroit? Definitely not Canada! LOL

@martinutr 2 месяца назад

So emotional about their brands, eh? So what will be the fanboys reaction if Tesla sales drop?

@davidwalz2283 Месяц назад

If their software was any good they wouldn't be paying Rivian $5 billion to get theirs

@paulrandolph8469 2 месяца назад

As a bike nut, I learned the following: Ducati is owned by Lamborghini, who is owned by Audi, who is owned by VW. VW owns Porsche too.

@mnhsty 2 месяца назад

In turn, VWG is half-owned and controlled by the Porsche and Piëch families.

@Snoodlehootberry 2 месяца назад

In the last 10 to 12 years, we have suffered a global slowdown, many countries have had national recessions and years of austerity. It can’t all go in the Boots.

@AverageJoe-tu5sr Месяц назад

VAG started the NOX emission scandal and people tend to forget that today. Warranty on new VAG cars in Denmark is probably one of the worst on the market since its only 2 years. VAG needs to understand that a car should come fully equipped from start not by paying thousands extra for features that competitors offers as standard.

@FRWD_FXLRST 2 месяца назад

Doesn’t matter they won’t last being all EV either.

@ingo_8628 2 месяца назад

I looked for the Q8, the fastest EV-Version takes 6.5s, the ICE-Version does it in 3.6s, thats a pretty fat middlefinger towards Audis EV-Customers, no wonder they have to shut down the Bruxelles-factory.

@GruffSillyGoat 2 месяца назад

The Belgium factory had been on it's last legs for years, it became too expensive to operate as it has "long-standing structural issues" - located in the middle of a large urban area, relatively small production line that could not be expanded, high haulage costs to the site, very high salary area within Europe. VW decided to give the place an bit of extra operating time by placing Audi's EV manufacturing there so it didn't impact production at their other sites and to learn lessons with the EV production line setup. Having done that, and also having produced an EV product that dosn't seem that attractive to the market, the factory closure is back on the cards. Some press quaters are reporting this as an EV issue, but ignoring the site has been a problem for VW for years.

@JANAVAS989 2 месяца назад

Hi Viking !!! First and foremost congrats for your channel, I've been following you for quite some time and like your views from that side of the world !!! Regarding VW ... How do you explain their recent announcement about their investment in Quantum Scape for 1 MM EVs???? is that bullshit ???

@donaldduck5731 2 месяца назад

VW group don't need any new EVs, they need to follow Tesla's example and reduce manufacturing costs for the excellent range of EV's they already have and also they need to invest in bringing higher density batteries online. VW group car's build quality, materials and vehicle dynamics are leaps and bounds ahead of anything out of China, this is just a blip.

@BrunoHeggli-zp3nl 2 месяца назад

Tesla is doomed!

@dtibor5903 Месяц назад

VW has no idea what is doing. Their vehicle prices are ridiculous. I see more new teslas than VW on the roads in eastern europe.

@BrunoHeggli-zp3nl Месяц назад

@@dtibor5903Tesla only sells around 1.8 Million Cars a year,so whats your Point?

@stuartarmet3526 22 дня назад

If you look at the Amarok sales in Australia against ford ranger. It’s day night.

@leemitchell3302 2 месяца назад

Just ordered a VW ID7… couldn’t be happier!

@Fissan_Poulsen 2 месяца назад

So they actually sold one? Thats pretty impressive.

@leemitchell3302 2 месяца назад

@@Fissan_Poulsen really good car, surprised it’s not done better! Preferred it to the BYD Seal and Polestar 2 I test drove as well.

@Fissan_Poulsen 2 месяца назад

@@leemitchell3302I'm just kidding :) If you're happy I'm happy!

@icosthop9998 2 месяца назад

@@Fissan_Poulsen L😂L

@jonpetter8921 2 месяца назад

@@Fissan_Poulsen ID 4, ID Buzz and ID 3 sold pretty well considering EVs having hard time. I don t see why woulnd t the ID 7 be a success.

@garydavis1528 2 месяца назад

Ridiculous as Vw can’t invest $200 Billion more as the group a couple of years ago already hit that mammoth debt sum making them the most indebted and bankrupt auto company in the world.

@larryc1616 2 месяца назад

How can they invest 200B when they have a 200B debt and with their sales crashing worldwide?

@ythowdy2838 2 месяца назад

VW should have transitioned to EV earlier. Toyota is still stubborn and will experience its Kodak moment within the next 5 years.

@mnhsty 2 месяца назад

I don’t think even Herbert Diess could have saved Volkswagen.

@lawrenceasero2207 2 месяца назад

Isn’t the problem that VW was too dependent on the Chinese market and the Chinese consumer now wants their own home grown brands? How isVW doing outside of China?

@yezih2694 2 месяца назад

They were very successful in Chinese market and took it for granted. Chinese consumer don’t care where the brand from. They just need good products with reasonable price. Tesla is doing pretty good in Chinese market.

@pauli2753 2 месяца назад

They are doing great outside of China. Revenues went up almost 20% last year.

@yankeewog Месяц назад

Golfs & Polos are pretty much dead. T-Rocs and other crossovers doing well. Skoda doing well & Dacia selling like hotcakes. No idea if these translate into healthy profit but don't see a reason why not. But Volkswagens as a brand (not group) seem to be crazy overpriced for now. And if the Group loses 10% of its profits annually from now on then...

@dtibor5903 Месяц назад

Dacia is not VW

@yankeewog Месяц назад

@@dtibor5903 That's right! I messed up. Renault, right?

@catherinegrimes2308 2 месяца назад

If the Labour Government shift the ICE cut-off date to 2030, VW will have trouble selling a lot of their cars in the UK.

@davidbeppler3032 2 месяца назад

VW should announce a $200 billion vote buy. If you vote the way VW needs so they can get that extended until 2050... they will pay every voter $5. Oh.. that might be illegal. Just spend $200 billion in advertising who VW wants to win.

@Leighside Месяц назад

Love your vids and appreciate the research that goes into them. Just a suggestion. Look into BlackBerry’s current role in the auto industry. They are far from A dying company

@jansenwilder1335 2 месяца назад

My local id4 owner EV software shutdown along highway after 6 days usage. Had to tow away.. software bug...?

@FrunkensteinVonZipperneck 2 месяца назад

software 🦕

@dtibor5903 Месяц назад

VW has very little software development team. All of that is done by third parties.

@sorenz Месяц назад

Volkswagen is pronounced Folkswagen, because the German V is pronounced fau = f. Volkswagen, translated means people's car

@adisurd 2 месяца назад

I have been shorting VW and made some decent money.

@icosthop9998 2 месяца назад

Nice 👌

@casperhansen826 2 месяца назад

I chose to long TSLA, not bad

@froggy5967 5 дней назад

Buy a long term PUT option

@paharding Месяц назад

The VW ID4 suffers from having a poor design compared to traditional VW design excellence. VW brought in a new design director and that has improved the design of new VW cars dramatically. However the homely old design ID4 continues on in the marketplace.

@learnprogress6618 Месяц назад

Does gm or Ford pay back ? No, gm is up today , maybe more stock buy backs

@Longtack55 2 месяца назад

The lesson: Dont fall in love with things you cannot influence.

@jonathanwebb8307 Месяц назад

Not surprised they are struggling. I was looking t buying a used ID3 but the sales staff were very uninterested in selling one and the deal breaker was they only wanted to give me a 1 year guarantee - Just one year from the company that charges 3 grand for an aircon compressor and produces more lemons than a Spanish farmer. Looks like it will be Toyota, Kia or Hyundai for me. Auf Wiedersehen VW

@maginot2u 8 дней назад

The challenge for VW management is that it's current situation isn’t a full scale crisis. Volkswagen just gets a little weaker every year.”

@GolLeeMe 2 месяца назад

Explain Fuji Film. Provide what people want.

@dtibor5903 Месяц назад

Except they deliver frustration, not joy like Fuji.

@richardalexander5758 2 месяца назад

VW Capitulates...I thought the investment in Rivian would spark some additional EV involvement.

@FrunkensteinVonZipperneck 2 месяца назад

The “Scout” badge will be a rebranded Rivian - which is good. My revivifier will buy one (his border collie’s name is “Scout). ❤

@PD55_ 2 месяца назад

Wouldn't you expect patriotic Chinese consumers to prefer domestic brands since the EU and US have escalated their economic war against China? Just like "Buy American" became a widespread political sentiment against the perceived foreign threat of better value, more economical Japanese cars in the '80s.

@ZweiZwolf 2 месяца назад

That's exactly what's happening. Chinese consumers are abandoning German and Japanese OEMs for high value Chinese EVs.

@casperhansen826 2 месяца назад

Rough times ahead for all OEMs

@BrunoHeggli-zp3nl 2 месяца назад

No only for Tesla!

@konradandreenordvik9829 2 месяца назад

If your company is heavily invested in one particular geographic marked area then you need to be vigilant and prepared to chang course. The Chinese marked, I believe, is a challenging marked that many industry and political leaders have underestimated when evaluating the risk, cost to return analysis.

@FrunkensteinVonZipperneck 2 месяца назад

Racism - straight up. Germans & Americans were certain that Asians could nEVer learn to build quality cars. Oops!

@GallAnonim-jx2cz 9 дней назад

In China actually what sales well are PHEVs and not EVs. But in China we have PHEVs like Liauto with 200km range and petrol engine for 35k usd:) And most BYDs are available in both EV and PHEV version, best selling is PHEV. Why VW is selling bad: they have no affordable good PHEVs.

@Bill-Rink 2 месяца назад

All car sales have dropped 10% for last five years and year over year decline for more than ten years not smart to in vest in any car company including Tesla. Many brands will disappear Amazon is one in fast decline and so is Tesla.

@FrunkensteinVonZipperneck 2 месяца назад

Not smart to invest in any car company BUT Tesla❤❤😂

@HeyErnie007 Месяц назад

Audi will be fine in China. Audi's biggest problem has been a stagnant product lineup, which they are overhauling aggressively over the next 2 to 3 years. Fears about Audi not catching up with startups in China on EVs are a bit overblown, as Chinese consumers with money gravitate towards foreign brands. Having been in China for 2 weeks I can assure everyone, if someone has money in China they will drive a BMW, Mercedes, Audi, Land Rover, or Porsche. This desire for luxury and quality won't disappear. Instead as the Chinese economy is not doing so well from the housing crisis, Audi and other automakers will have to adapt, and you will see this happen. Furthermore we should not forget that Audi will be starting a F1 team soon and if they sign Zhou Guanyu as a reserve driver, which is expected to happen, it will resonate well with Chinese consumers. If they sign him as a driver, which is not expected, that'll do more to help Audi, but honestly given his lack of performance that should not be expected. There will most probably be many brand collabs between Zhou and Audi in the future, among many other initiatives by the Volkswagen Group.

@nikosterizakis Месяц назад

I think you are right. Even in the European and US market, people are still buying through brand recognition inertia. Roll on 10 years from now, when the Chinese brands have overcome the new entrant issues and VW will be an also run (and probably bankrupt by then, given their leverage). Simple examples here to quote: BYD has become a recognised brand name in the UK and selling like hotcakes, in the small and in the sedan segments. Based on levels of quality vs cost. Yes, the s/w needs further improvement, but that is only a matter of time.

@kurtjensen5798 2 месяца назад

you want to short VW now?? At 0.3 price to book, and p/e of 3.7... good luck with that.. I actually also think they are fucked, but would not go short now, they have made some investments lately in battery production and ai (rivian).. so there is a chance they can turn it around

@neildolan7177 Месяц назад

Forget the Blackberry storey. Just look at the Apple storey. It was dead and buried, and look at it now.

@Kinna57 2 месяца назад

Let’s talk local. How do you think this will affect the Australian release of the ID range of vehicles already delayed “indefinitely”? I have been holding off purchasing an EV until 2025 due to the impending release of the ID’s, Sealion 7, model Y redwood ect.

@user-qw6ib8by3n 2 месяца назад

VW is dying slowly - ID 3 & 4 are heavy and inefficient hence the poor sales. VW buying an old Chinese platform and trying to source cars being made in China - desperate companies make desperate decisions. I've owned a VW before and long term ownership is not recommended as repairs is excessively expensive and I don't trust the brand.

@reubencarter3004 2 месяца назад

So is the VW St. Thomas EV battery plant in Canada still going to be built? the Canadian government is on the hook for billions of dollars in loans to VW to setup a Canadian plant.

@yezih2694 2 месяца назад

efficiency and cost wise, it is way cheaper to open factory in Eastern Europe and mexico

@larryc1616 2 месяца назад

It'll never be built

@icosthop9998 2 месяца назад

The CEO of The Volkswagen Group came to America and let everybody know that *"Jeep/Ram/Dodge"* is No Longer an American company ! The CEO of that company is selling off the Beautiful Eight Million dollar building in Dearborn, Michigan, that "Lee Iacocca" established. They laid off most of the workers there and Volkswagen is pulling up all production stakes here on America. 😮 ( Other than the Volkswagen dealers and sellers of their products) I do believe this action is gonna bite Volkswagen in in their Butt *"**#BiG_Time**"* when it comes to Americans buying their vehicles in the future. 🤨

@rogerfaint499 2 месяца назад

A Mr Wong from Shanghai is buying that building and gonna name it Wong Iacocca.

@davidbeppler3032 2 месяца назад

Not really. Everyone is buying Tesla already. Most American car company in the US.

@icosthop9998 2 месяца назад

@@rogerfaint499 L😂L

@icosthop9998 2 месяца назад

@davidbeppler3032 I do believe (I could be wrong) that @Roger Faint499 is joking or tossing an over load of sarcasm 😅

@icosthop9998 2 месяца назад

I just Goggled it 🧐 🤣🤣🤣 Mr. WONG from Shanghai is like : *"Where is Waldo"* 😂😂😂

@ISuperTed 2 месяца назад

Doubt they will go bust. Smaller and more focused on markets where they can make money, yes. How that is going to happen is the big issue and no one know that yet.

@davidbeppler3032 2 месяца назад

I am sure the unions will be ok with tens of thousands of employees being fired. No big deal. I remember Herbert Diess explaining that VW would need to fire a few thousand people. How did that work out for him?

@BrunoHeggli-zp3nl 2 месяца назад

Its Game over for Tesla!Sales have collapst in Europe,Tesla is now only Numbers 5 in Ev Sales in Europe

@davidbeppler3032 2 месяца назад

@@BrunoHeggli-zp3nl Wow, a small company like Tesla is #5 in car sales in Europe? Amazing!

@BrunoHeggli-zp3nl 2 месяца назад

@@davidbeppler3032No Its worse Numbers 5 in Ev sales!

@andrevanrossum8408 Месяц назад

Comparing VAG with Blackberry, Kodak etc. makes no sense. VAG produced ICE's and now also produces EV's. They just can't produce as cheap as for example BYD.

@mobiusdesigns Месяц назад

I think they really could have done better with the styling. I am not a fan of the line across the grill, and the logo is jumbo sized. Bigger and more is not always better. Less is more. Nice car otherwise.

@mobiusdesigns Месяц назад

I think the big logo is a hangover from when they were very popular with the whole "das auto" thing back in the 00's. They forgot to make their cars good, like bmw... and moved from solid mechanics and construction to plastics and ai generated contraptions no one knows how to fix. A diesel passat will still take you 1,000,000 miles at 45 mpg and run on French fry oil from you local Dennys. Nothing an ev can claim most likely. Check your cL for one today.... if vw is gonna stick around, there gonna have to fire their badging coordinator

@julesalexander9622 2 месяца назад

Maybe they believe that by slowing their EV production they will be able to take advantage of newer more advanced higher density battery technologies currently still under development but not yet matured and the battery recharging networks will also be more widespread in 4 years time?

@MyUniversalUniversity 2 месяца назад

VW has been screwed since they let go of their past CEO, he sounded like the Ford CEO today. Legacy car makers are all in trouble, except Volvo!!

@user-br8ny2it9t 2 месяца назад

Oliver Blume is in my view the best CEO for VW Group. The best since a decade.

@MyUniversalUniversity 2 месяца назад

@@user-br8ny2it9t But he and the family aren’t going to EV’s very fast and the tech is a big issue. Rivian is not going to help them at all!!

@catnipyfy Месяц назад

Is it really a terrible move for these legacy autos to not try and play a game that they have no chance of winning? It's like an 80yo competing against a teenager in sprinting the 100m. The 80yo would (usually) correctly assume that they will lose. The legacy autos are already dead, a bunch of them already know it and the rest are doing their best to pretend otherwise . . .

@martinbrennan578 2 месяца назад

The price of second hand EVs is falling - plummeting would be a better word. Batteries that wear out. Lithium fires that destroy ships and car parks. And better batteries just around the corner. I'd guess that VW and Mercedes have some pretty solid market data that informs their decisions. VW were always on borrowed time selling into China so that's a separate issue.

@westmus Месяц назад

It's surely much more difficult to be an car manufacturer nowadays, since the market are more spread and unstable then ever. Now there's more than two main markets (Europe and North America) they need to predict the development of, when starting the development of new models 2-3 years before launch. Some on the brands are now panicking, because the switch to EVs ain't happening nearly as fast as expected and a lot of buyers ask for different cars then what they had predicted.

@dtibor5903 Месяц назад

The prices are ridiculous, that's the problem.

@tonywei423 Месяц назад

The business and management model of the major car brand is outdated and could not coupe with the change of new era.

@johnsmedley8843 2 месяца назад

Such a shame five years ago I bought a VW polo. Just a brilliant car, £200 a year insurance and no servicing. VW could smash the EV market. VW in translation is people's car.

@jimelder7887 Месяц назад

VW had its chance, but a lie with their test vehicle really stuffed them & they still are not learning from their mistakes.

@renezirkel Месяц назад

Funny how the years long delay from Tesla on Cybertruck, Semi, FSD is "pretty normal" for a successful company, but when VW delays 1 Model of many intended releases until 2028 for 15 months it is a "crisis" and they are going bankrupt.

@chillfluencer 2 месяца назад

VW, BMW and Mercedes can prepare to become subsidiaries from Chinese BEV manufacturers.

@bjornhelgason1879 Месяц назад

To make a small company. Start with a big company

@kamingcloud2880 Месяц назад

VW EVs needed to fix their Software Problems in order to regain consumers buyers confidence . 😉💖😍🔋🌞💯🌏✌️

@terryward1422 2 месяца назад

Does the phrase: "You can't fix stupid" apply in this case?

@ozozi49 Месяц назад

Yes I know, Kodak and Nokia moments for the next 2/3 years. But can you believe Sam, I'm on holidays in Europe at the moment, some people here still believe in these brands, and they talk about hydrogen. The other day a guy came to me and said:" the future is not electric, the future is hydrogen "! And i said: where is the hydrogen here? Do you know who is pushing the forward? Do you know which auto company is most in debt in the world?...... no words from him. I have no ideia where people get these ideas from, they don't do any research.....

@woodchip2782 2 месяца назад

The buyer is the boss. If you don’t make the product he wants, you will fail. VW is willingly living in a bubble of denial they made instead of reality. They will pay for it, just like the proverbial Lemming. (Lemming would be the perfect name for a small petrol car!😅😅😅)

@user-br8ny2it9t 2 месяца назад

Why? They expect this year higher sales than last year.

@elmerdenbraven5643 Месяц назад

How long before VW group will have to sell one of its brands to get much needed cash?

@GaryJohnWalker1 2 месяца назад

Bet they sell Ducati and Lambo pretty soon.

@midnight4109 2 месяца назад

Volkswagen and Trump are 2 names I never thought would be around this long.

@zmeu Месяц назад

like he said, these are only garbage infos ! for example: - this guy says VW is the most indebted car in the world with a photo from a website dating from 2020. by march 2024 Toyota is by far the most indebted ( $241b) and it seems it doesn't have a problem with that. in fact, all automakers have a lot of debt due to their financial divisions for which they already put collateral. - it says 50% of VW's profit came from China, but in reality in 2023 only 17% was generated in China. - association VW's image with Kodak and Blackberry... - drop in sales is just temporary in Q2 due to revamp of production and launch of a new lot cars. - etc.

@christophreuter9572 Месяц назад

For China and USA renewable energy and EVs are a big chance. For europe, especially germany they are a pain in the ass.

@neildolan7177 Месяц назад

Record EV sales because they are being sold at a loss & receiving government insensitives.

@davidlloyd8135 2 месяца назад

What percentage of America's cars are bought in the last half of the year??

@nobody-789 Месяц назад

VW and other german companies have german govt investment in them and most likely like the us carmakers , the govt will bail them.

@richardt6980 Месяц назад

All vehicle manufacturers are scaling down. It the world economy

@dtibor5903 Месяц назад

Except chinese brands, they are scaling up.

@paulgoffin8054 2 месяца назад

VW are making sure Chinese EVs are too expensive in the EU, keeping their ICE sales.

@ZweiZwolf 2 месяца назад

Chinese consumers are returning the favor by shunning German (and Japanese) brands in favor of Chinese EVs.

@SingLee-on3yh 2 месяца назад

chinese ev car manufacturers have found a work aeound by exporting their cars through Turkey which will be com[;etely tariff free/

@PelleGIT 2 месяца назад

Its interesting, I have tried posting a comment 5 times now saying I wish Viking would do a deep dive video into all the quality issues we see from Chinese EVs. There are tons of videos out there showing this but my comment has been deleted every single time. Why?

@btn73 2 месяца назад

not deleted yet, right ? :)

@ISuperTed 2 месяца назад

He won’t get enough clicks for it, simple as that.

@PelleGIT 2 месяца назад

@@btn73 Interesting. It showed up now after 6 attempts. Anyway, I am just really interested in knowing more about issues with Chinese EVs but none of the 'EV RU-vidrs' ever make videos about them even if there are tons of evidence out there. Lets see if this comment is deleted or not. Anyway I was a subscriber for 2 years but I am unsubscribing now. I just dont feel like I get any value from this channel. Instead it sounds more like paid commercials.

@RonaldShakespeare-tk7jx 2 месяца назад

Sam is delusional. He loves lying about EV sales. According to him Aussie sales are up, Aussie motor industry and government says sales are down. He says German sales are up. The Government and motor industry says they are down. He is obviously being paid by the EV industry to lie. He doesn’t want to know about self driving cars crashing, people being burnt alive, chopstick shocks breaking and wheels falling off, BYD chassis is made out of pea tins and you can rip them with your hand. Like all evangelists they will lie about the safety and cleanliness of these vehicles. Just laugh at him that’s all these vlogs are useful for

@FrunkensteinVonZipperneck 2 месяца назад

Ask Google. Algorithmic…

@simonweakley3479 2 месяца назад

Any company with debts of £190 billion can't survive unless they pay down their debts. Profits are going into servicing debt. British Leyland never had more than £1 billion debt (about £4 billion in todays money) and they went bust because they could not engineer new products and compete effectively. Ford are in a similar position.

@pauli2753 2 месяца назад

Have you checked where the debt is coming from? It is mostly under Financial Services, ie. money that has been lent again to customers as autoloans.

@grahamkearnon6682 2 месяца назад

The VW rep for their software is pretty brutal for the last 2 yrs.

@TheRt440 2 месяца назад

Blackberry, Kodak, Tesla

@safebatteries8315 2 месяца назад

Going downhill , fast

@tinycmo Месяц назад

Man, my 2024 tesla is so much more advanced that my family new crosstrek and durango.

@neildolan7177 Месяц назад

How is Volkswagen going to sell more cars in China when the market is flooded with Chinese cars selling at a loss.

@sunnyd6291 Месяц назад

Vw group are so slow releasing car and delivering to customers

@rayhutchins5079 2 месяца назад

So exactly what is the Tesla FSD story? Is Tesla FDS (or whatever you want to call it) way ahead of China and other competitors? All the Tesla fanboys (I'm one of you) claim there is just no competition to Tesla's capabilities. I have a new Model 3 with 12.4.6 and I am not sure if it is better than 12.3.6. Maybe it is. Maybe I haven't driven it enough yet. Just got it the other day. Some things seem not quite so good. But has anyone done a REAL analysis between Tesla's automated driving capabilities and all their competitors? Who is at level 3 and level 4 etc. The Chinese have driverless cars on the road. Can we get past the B.S. and get down to the facts on this? Thanks in advance to whomever responds.

@davidlloyd8135 2 месяца назад

I think you should talk more on the struggling Chinese economy not just vw not making evs

@RichardCryan-uc3yd 2 месяца назад

its very simple and you don't need suits sitting around a large table to tell you that you can't fill car lots with new cars and there not selling no money to be made out of that business

@bjornhelgason1879 Месяц назад

Vw backburner

@BrunoHeggli-zp3nl 2 месяца назад

Its a Tesla crisis!Tesla is in big trouble!

@truebrit3670 Месяц назад

Tesla is in no trouble whatsoever.

@BrunoHeggli-zp3nl Месяц назад

@@truebrit3670Tesla has gigantic big problems!

@truebrit3670 Месяц назад

@BrunoHeggli-zp3nl no it doesn't. Tesla is doing extremely well. Tesla is the only western car maker making huge profits. How is that a gigantic problem? Tesla is also shifting seamlessly into new technologies that will bring it huge wealth in what will be the biggest disruption to mankind since the end of the stone age. It is leading transformational energy technology and AI. How is that a gigantic problem? The only problem is you wanting them to have problems because you think this technological revolution is going to affect your life. Shock news - it's going to turn it upside-down. And there's nothing you can do about it.