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VW Group’s Q3 profit crashes 42% - factories to close, thousands will be fired 

The Electric Viking
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30 окт 2024

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Комментарии : 283   
@pctong5387
@pctong5387 3 часа назад
They brought it onto themselves
@boxtears
@boxtears 3 часа назад
German automakers will still claim they're too good to make affordable vehicles, claiming their quality will carry them. Yeah good luck with that.
@rais1953
@rais1953 Час назад
Yeah my daughter's VW was on its second engine and warned by the mechanic that if she drove it she could get stranded. She traded it in on a Corolla Hybrid.
@oceanwave4502
@oceanwave4502 57 минут назад
If we look at German and Japanese companies, we realize that they mostly live with their glory past...
@eish3291
@eish3291 30 минут назад
Quality gets you only so far before competitors catch up. Anyway Herbert Diess warned his board but they decided they didn't like his message and fired him.
@user-nh1yb9mk7y
@user-nh1yb9mk7y 28 минут назад
​@@eish3291he was fired because he didn't deliver. Software issue was the main problem
@khalidpeer6766
@khalidpeer6766 16 минут назад
I agree with you, I switch from a VW, which i still own to Kia in 2012, which was designed by German Engineers from the Audi VW group and built by Koreans, a decade later and the chinese are now doing the same.
@philiptaylor7902
@philiptaylor7902 26 минут назад
This is how companies fail, slowly at first, then very quickly. Sad to see this happening.
@MrkBO8
@MrkBO8 2 часа назад
All production in Europe is expensive while gas is imported from the US, just the beginning, all manufacturing is leaving because of the price of energy.
@marktan3177
@marktan3177 Час назад
This they have to say thank you to their "allies/friends" the USA for bombing the Nord Stream II.
@billhanna5455
@billhanna5455 Час назад
But Russia has heaps of good cheap Gas , Oil , Uranium , Oh yeah thats right the US got rid of the legit Gov. in Ukraine to kick of the war then blew up there pipeline LOL ^ Then the WEF oh sorry the EU went green LOL What a set up . Keep up with your boosters , They are safe & effective Fauchy said so LOL
@happymelon7129
@happymelon7129 Час назад
Strange things do happen in Germany. The one that provided cheap energy is called “Enemy”. The one that destroyed the flow of cheap energy is called “Friend”. The one that keeps helping her “Friend” to continue destroying her own country is called “Ursula Gertrud von der Leyen”.
@oceanwave4502
@oceanwave4502 56 минут назад
BEFORE the war, labor cost was already high in Europe, compared to Asia. Now with the war and its consequences, it is like the final nail to EU's coffin.
@sargfowler9603
@sargfowler9603 56 минут назад
@@happymelon7129 It's just part of Russia's masterplan...
@kevin-e5h5t
@kevin-e5h5t 47 минут назад
We have had 8 years where interest rates were near zero, some even below that. So they borrowed huge amounts for buying back shares, increasing Directors pay, paying dividends above normal and building plants to over-supply inventory. . Now they have to pay it back, in a market where there are is an over-supply of cars for sale.
@hendrikbarboritsch7003
@hendrikbarboritsch7003 Час назад
VW should start turning the closed factories into museums. Some of their laid off workers could get jobs there.
@sammyhernandezpinto9018
@sammyhernandezpinto9018 16 минут назад
I liked how you used "idiots" on the video. You use so many facts 💯. And that is why makes the videos so good. And you give the message in a good easy way to understand
@sterlingarcher1962
@sterlingarcher1962 2 часа назад
Who else wants to hear Herbert's response to this!?!?! LOL I've left a company that soon went under because I left but this is on an entirely different level! He's got to be laughing his ass off!
@Julia-hf9yk
@Julia-hf9yk 47 минут назад
The first VW Golf was sold in 1974 for the equivalent of 8 average net monthly salaries. The current Golf already costs 14 average monthly salaries. The VW ID.3 - Volkswagen's cheapest electric car - was launched 4 years late and cost 24 monthly salaries. Nobody in their right mind buys a small car for which they have to save a full 2 years salary. VW became big by making affordable small cars. If they have forgotten how to do that, what reason does the company have to exist?
@ded32
@ded32 2 часа назад
Sell more golfs at 70k 🤣
@Marvellann
@Marvellann Час назад
and Enyaqs for €65k 😂
@glenmcneill1675
@glenmcneill1675 Час назад
About 20 years ago I did a design review in Wolfsburg on Christmas Eve. We suggest paint and laser etching instead of two shot molding, I made the mistake to mention that BMW used paint and laser etch. Mr Muller turned and spat in the garbage can and said VW makes good cars, not like BMM. They had no interest in even looking at a lower cost process. Perhaps some of the problems stem from the stubborn aged engineering teams.
@10secondsrule
@10secondsrule Час назад
It’s always so interesting to hear from the person who was on the inside. Thank you!
@orionbetelgeuse1937
@orionbetelgeuse1937 27 минут назад
Or the problem might be that people just want cheap products not good quality products and are not even able to recognize them when they see them.
@sammyhernandezpinto9018
@sammyhernandezpinto9018 13 минут назад
That is true the age of Ingenieurs give them stubbornness
@pioshelby7611
@pioshelby7611 Час назад
I'm delighted for them after Dieselgate. Justice.....
@johngee777
@johngee777 3 часа назад
Their last chance was making changes as per Herbert Diess. But of course they fired him instead. EVs are causing them to fail. It's not only Teslas but all the Chinese manufacturers who have been encouraged to go NEV as fast as possible. 80% of all new vehicles will be BEVs by end of 2030. This will be purely on the economics alone. Let alone the benefit to the environment. That's 5 years away! They can't pay back $218b in 5 years.
@oceanwave4502
@oceanwave4502 55 минут назад
Fun fact: in the last few years, Germany in particular and EU in general discussed about "de-growth" as a mechanism to reduce CO2 and pollution. Not sure how far such trends get traction. 😆
@ClapMyDog
@ClapMyDog Час назад
Chinese EV manufacturers will own the industry by 2030. Tesla will be the exception. They cannot turn this. 😢
@bagel080
@bagel080 3 часа назад
That's what happens when you blow up your own pipeline.
@captives6479
@captives6479 2 часа назад
LOL. Yes, one of the causes.
@NoMoreVoxPops
@NoMoreVoxPops Час назад
The US kacked it. Quid Pro Quo, Germany now has to buy its blast furnace fuel from the US.
@oceanwave4502
@oceanwave4502 52 минуты назад
But we don't talk about this. It's a taboo topic. Imagine normal Europeans found out how devil the US is, this would put EU politicians in very difficult positions because they rely on the US for defense.
@Julia-hf9yk
@Julia-hf9yk 43 минуты назад
@@oceanwave4502 Defense against US? Who else is attacking Europe?
@stephenlock7236
@stephenlock7236 38 минут назад
​@@Julia-hf9yk Exactly. The USA government operates exactly like the Italian mafia. Provide protection to the local business against the mafia itself.
@rudyalfonsus686
@rudyalfonsus686 Час назад
blame the politicians. first they cut their biggest energy suppliers. second they ruined relation with their biggest customer. perfect chaos 👍
@ArsenalFCRules
@ArsenalFCRules 3 часа назад
When Anna Baerbrock opens her mouth 😂😂 Porsche cars are way overpriced...well all of them are going berserk with their prices. China is showing the real world prices. 😂
@10secondsrule
@10secondsrule Час назад
Not after added taxes sadly.
@oceanwave4502
@oceanwave4502 54 минуты назад
I think China has the capacity to produce virtually most things we need as human EFFICIENTLY.
@ronnyb9416
@ronnyb9416 23 минуты назад
I am looking forward to buying my first Chinese built car in the near future. I will no longer be taken as a fool by Western automakers high prices.
@paulconnolly4483
@paulconnolly4483 Час назад
It sounds like the entire building has burned down not just the roof
@KashmirParadise786
@KashmirParadise786 2 часа назад
There greed , bad attitude n Ego finishes Western n Europeans
@HermanIdzerda
@HermanIdzerda Час назад
Investing billions of dollars in other companies when you're billions in debt is just mismanagement. It seems to me that they were afraid to miss the electric boat and started throwing money around in desperation. Now it all comes falling down.
@eish3291
@eish3291 3 минуты назад
The Chinese govt gathered all the automakers as far back as 2004 and told them that their policies will favour the development of ev,s. Only Tesla and the Chinese automakers took note. They can't claim that they did not have enough time to make the change.
@hkfoo3333
@hkfoo3333 2 часа назад
it will get worse as potential buyers now will think twice before buying any VW cars of ANY MAKE. There is no hope for this company is my opinion.
@ge9646
@ge9646 3 часа назад
Way to go VW! keep on supporting n szi regimes all over the world.
@JCo295
@JCo295 Час назад
They got out of Russia in 2023
@backpackpepelon3867
@backpackpepelon3867 10 минут назад
​@@JCo295he's referring to the real n szi, not what the MSM said.
@Marvellann
@Marvellann Час назад
They're selling Škoda Enyaq with ~300km range for €65k. I can buy a Tesla with ~500km range for €34k.
@StephenButlerOne
@StephenButlerOne Час назад
Not everyone wants a Tesla, they are just too common now. I wouldn't have one.
@rais1953
@rais1953 Час назад
In Australia some of the Chinese EVs are even cheaper. They look very nice, apparently well made and they're well equipped.
@jasonmugridge
@jasonmugridge 43 минуты назад
@@StephenButlerOne​​⁠​⁠​⁠so your saying you’d be happy paying twice the price not to have a Tesla.
@jasonmugridge
@jasonmugridge 39 минут назад
@@rais1953and in China even the VW’s are a lot cheaper in order to try and compete. The ID3 is £12.000 against £32,000 on the UK. Given that I think we should all look forward to the Chinese manufacturers arriving on masse.
@eish3291
@eish3291 23 минуты назад
Many people dont even care about quality as long as their car is reliable and economical to own
@sxyrx7
@sxyrx7 2 часа назад
VW Problems 1. Not affordable as Chineses 2. Not hi tech as Chineses 3. Not reliable as Japanese 4. Red Tape 5. Bloated factories
@bota02i
@bota02i 16 минут назад
you guys get it so wrong ! Volkswange's EVs are expensive in Euurope but very affordable in China, they are cheaper than many Chinese EV models
@lawrencelim938
@lawrencelim938 2 часа назад
Expensive energy causing high production cost. Expensive energy causes other necessities to cost more, therefore a house household disposable income affected and car market affected. World economy is slow. Their biggest market is going EV. They are in trouble.
@peterelliott2914
@peterelliott2914 3 часа назад
I've had a few VWs, 50s and 60s beetles and kombis - they were great! They've not really moved a lot in innovation since then though so I guess this was always going to happen. Same with most car makers - they sat around serving us the same stuff for decades and have now been well and truly overtaken.
@cctoronto
@cctoronto 2 часа назад
You have it backwards.
@jasonmugridge
@jasonmugridge 50 минут назад
In the 80’s they moved into China and started printing money so they didn’t bother with innovation. They sold them the Santana for almost 40 years! Obviously given that the Chinese took measures into their own hands and created some car companies. Now VW, and sadly the wider German economy, will pay the price for that arrogance.
@NaughtyGoatFarm
@NaughtyGoatFarm 39 минут назад
They should never have sacked Herbert Diess. He knew what was needed. That was the end of VW right there.
@blackkamui2012
@blackkamui2012 2 часа назад
The German state will always save its beloved child, no matter what it costs and no matter whether it has put itself in this situation. The German citizen will once again have to bear the costs. Let's hope that Volkswagen finally focuses on electric cars.
@MaxWolf-s9y
@MaxWolf-s9y Час назад
You wrote it right, we need to give Volkswagen 500 billion euros so that they make cars that cost 100 thousand euros. At my job they promise to raise my salary 5 times next year and then I will receive 100 thousand euros a year and will be able to buy a car from Volkswagen.
@jasonmugridge
@jasonmugridge Час назад
What and Mercedes and BMW as well….
@oceanwave4502
@oceanwave4502 49 минут назад
At the beginning of the war when sanctions kicked in, German politicians thought of the possibility of getting rid of Russian energy in 5-10 years and started using Green energy. This was supposed to be "one stone (green transformation) kills two birds (Russian reliance + pollution/CO2). I laughed hard because the whole industry could just move to Green Tech, e.g. steel industry, and the whole world would wait patiently for Europe to do so? 😏
@ronnyb9416
@ronnyb9416 20 минут назад
Unless you are Ukrainian, the German government does not care about you.
@HoopsKevinski.
@HoopsKevinski. 2 часа назад
Good thing I didn't want an ID3. Nope, I wanted an E208 from day 1. Rawrr! Europe's top EV; it'll *still be there* for me to import to USA... Right? Oui Oui?
@HoopsKevinski.
@HoopsKevinski. 2 часа назад
(Nonresidents can drive any car in US for 1 year).
@StephenButlerOne
@StephenButlerOne Час назад
Stalantis is just as bad as VAG, so let's not count our chickens.
@PeterK6502
@PeterK6502 2 часа назад
Profit After Tax: EUR8.9 billion, 31% decline, not 42%
@MaxWolf-s9y
@MaxWolf-s9y Час назад
In Q3 2024, Volkswagen reported a profit after tax of approximately EUR 4.35 billion, which reflects a mixed quarter for the automotive giant. Volkswagen's Q3 2024 profit dropped over 40% compared to the same quarter in 2023.
@lluow
@lluow Час назад
Exactly. They’re still making profit. just making less money than before. All these hysterical headlines are making it like it’s already collapsing.
@Julia-hf9yk
@Julia-hf9yk 38 минут назад
@@lluow VW produced those headlines themselves because they want to get rid of Europe and solely focus on the asian market.
@johnpassey3176
@johnpassey3176 8 минут назад
Good analysis, thank you 👍
@MrGMawson2438
@MrGMawson2438 49 минут назад
Morning bro XPeng P7+ Driven - The First XPeng With Vision-only ADAS Inside China Auto
@davis.fourohfour
@davis.fourohfour 2 часа назад
Direct and immediate result of slamming enormous tariffs on all Chinese cars to stop China selling cars in Europe, Canada, and the US. A large percentage of Chinese consumers simply stopped buying Euro-American cars in disgust. That's it. Action. Reaction.
@hankkingsley9183
@hankkingsley9183 52 минуты назад
I saw inflation and high gas prices coming. Paid cash for the longest lasting car with intent to drive it for 10-15 years as a cost saving measure. VW was crossed off the list right away, they don't last. My 2007 Toyota is still banging out 15k miles a year as secondary vehicle and has literally never required service beyond regular maintenance. It's 17 years on. As inflation ramps, automakers that don't tick all boxes in terms of price, quality and style are going to suffer
@brecherxp9795
@brecherxp9795 3 часа назад
in germany the mainstream thinks it is electric cars that produced the trouble. i dont think that only cimbustion cars could function in 2025 and later in this globalized world-
@zSion
@zSion 3 часа назад
I mean it is, volkswagen just didn't adapt properly
@user-kc1tf7zm3b
@user-kc1tf7zm3b 3 часа назад
In Australia, the channel host’s home country, it will be all but imposed to buy a new petrol car in 2030. Only an utter idiot wants the inherent perpetual high petrol and engine maintenance bills.
@jasonmugridge
@jasonmugridge 33 минуты назад
That’s a bit like saying for Nokia the problem was those touch screens, if only everyone had stuck with buttons things would have been fine.
@jasonmugridge
@jasonmugridge 31 минуту назад
@@zSionthey could of adapted pretty well under Herbert but they didn’t like the look of the future. Strangely the future is still coming 😂
@GlowingTube
@GlowingTube 2 часа назад
High prices, poor ownership experiences, too, many models and brands and a poor effort on EVs... no wonder they are in trouble. Time to get back to basics on product and reliability. Looks like they will need to use XPENG tech to be EV competitive.
@easywriter7836
@easywriter7836 Час назад
What, no once in a generation battery breakthrough today?
@Madonsteamrailways
@Madonsteamrailways Час назад
Perhaps Volkswagen should get Elon Musk to buy the company and bring it up to date. I don’t think that every part of the cars should be hand made by robots, but a92.5% robotised factory would certainly bring costs down.
@JCo295
@JCo295 55 минут назад
If Trump doesn’t win the election then there’s a possibility he’ll only be able to buy soap & toothpaste.
@jasonmugridge
@jasonmugridge 36 минут назад
I was just thinking whilst watching Sam’s video that there seem to be a lot of people in those factories. I imagine Tesla’s one down the road looks a lot different.
@jjamespacbell
@jjamespacbell 2 часа назад
A 40% fall in profits still means you are making a profit. A statement that no BEV maker with the exception of Tesla can make.
@MaxWolf-s9y
@MaxWolf-s9y Час назад
Tesla has no profits. All their profit figures are a scam. Tesla is being pumped full of money to kill other car makers - this is the plan of the very rich who have bet on this and their goal is to create a world monopoly like Amazon, Alphabet, Microsoft, Nvidia, ..
@MaxWolf-s9y
@MaxWolf-s9y Час назад
Tesla has no profits. All their profit figures are a scam. Tesla is being pumped full of money to kill other car makers - this is the plan of the very rich who have bet on this and their goal is to create a world monopoly like Amazon, Alphabet, Microsoft, Nvidia, ..
@jasonmugridge
@jasonmugridge Час назад
I bet there’re making it on their ICE cars not their BEVs tho.
@trythis2821
@trythis2821 42 минуты назад
Good job. I feel sorry for the workers but not the people behind Dieselgate. Will be interesting to see how many other VW factories shut down, will Toyota be next?
@StephenButlerOne
@StephenButlerOne Час назад
Hopefully they can hang on a few more weeks, ive got a Born that is due to start being built, build week starting November 11th. 🙈
@petersimms4982
@petersimms4982 3 часа назад
😮everyday more and more people are talking about BYD 😮😊😊
@KP-xi4bj
@KP-xi4bj 2 часа назад
Yes, more people talk about Bury Your Dead (BYD).
@とふこ
@とふこ 2 часа назад
BYD are kinda good
@KP-xi4bj
@KP-xi4bj 53 минуты назад
@@とふこ No.
@oceanwave4502
@oceanwave4502 15 минут назад
How can Germans' 4-day workweek compete with Chinese's 996? I know this is an extreme example, but you get the big picture.
@firatsanliturk
@firatsanliturk 58 минут назад
I had a Golf 5 back in the day. I went to an authorized dealer/service to have my worn off faux leather shift knob replaced. They told me that they would need to replace THE ENTIRE shift assembly all the way to the actual gears. I said "oh F that, you and the entire VW group if that's your business plan". My whole experience with VW has been around the same lines from beginning to end. Mysterious computer glitches that can only be solved by completely replacing the processor chip that would cost thousands of Euros (a non-authorized mechanic solved it within minutes btw), scandals with blatant lies on emissions, etc. etc. In summary, corporate greed plain and simple. Moved to Renault right after. Best decision ever.
@NialPowerCork
@NialPowerCork 38 минут назад
Does this not have huge parallels with British Leyland in the 70s? Everyone then thought that BMC was too big to fail but fundamentally the tide was just against them. Workers wanted more money, the company wanted to pay them less….. sounds familiar.
@Marcus-up5wk
@Marcus-up5wk 2 часа назад
But hey they get 6 weeks paid leave every year and stress days off..
@sullivanrachael
@sullivanrachael 47 минут назад
The Chinese made the EV affordable. VW has attempted to mass produce EVs that are too expensive to sell. That is the problem.
@ibz.a
@ibz.a Час назад
How are they investing 5billion in Rivian when this is happening
@davidricardo86
@davidricardo86 2 часа назад
I do not envy VW's position, good luck to the German auto industry.
@elthamtreehugger5320
@elthamtreehugger5320 2 часа назад
How can you say BYD is being sold 20% below cost? Please show your source
@m0rtifiedpenguin
@m0rtifiedpenguin Час назад
Incompetence. ICE production is not sustainable. Porsche is terminal.
@gmatthews7632
@gmatthews7632 58 минут назад
People in Europe delaying new car purchases whilst transition problems iron out. Fleet is ageing, U.K. gone from 8 to 9 years
@user-kc1tf7zm3b
@user-kc1tf7zm3b 2 часа назад
7:12 *Earnings after tax: -64%!!* Volkswagen is finished. Nobody in their right mind would want to buy a new VW petrol car in 2026. All VW will be by 2029 is a manufacturer of parts for existing petrol and diesel cars. Nothing more. 🇩🇪 🇪🇺
@christophreuter9572
@christophreuter9572 2 часа назад
In germany they will, because people hate electric cars here,
@sargfowler9603
@sargfowler9603 55 минут назад
VW was trying to transition to EVs, then they found sales were lacking, so now they've had to go back to ICE and hybrids. It's a fickle market at the moment. I'm sure the VW group will come through it.
@robbielualhati1731
@robbielualhati1731 3 часа назад
Yes Herbert Diess had the right vision and knew costs had to come down but he was ultimately fired cause he screwed up CARIAD.
@matthewjamessmith7047
@matthewjamessmith7047 2 часа назад
betcha all the CEOs get their bonuses , they should be going to jail , misleading the share holders , we just got rid of one here in australia who was in charge of QANTAS , Alan Joyce , a criminal .
@gabormark2294
@gabormark2294 Час назад
Let‘s not bury VW. Yet. Too much politics behind
@Julia-hf9yk
@Julia-hf9yk 41 минуту назад
VW is a great brand and still has an excellent image. You can be sure it will never be buried. But the new owners will speak Mandarin.
@johnfrancis4401
@johnfrancis4401 30 минут назад
Sam you told us over 2 years ago. Deiss told them 4 years ago.
@fahmad7194
@fahmad7194 Час назад
Let us all thank Olaf for this monumental landmark 😒
@Julia-hf9yk
@Julia-hf9yk 35 минут назад
Danke Merkel! 😉
@learnprogress6618
@learnprogress6618 33 минуты назад
$56.000 for a byd truck , byd loosing 10% per truck and Tesla making a profit. $74490 for a bullet proof monster , I know what most of us will want ,
@johnmightymole2284
@johnmightymole2284 2 часа назад
VW had to invest. They need to completely refit all their factories.
@whowhy9023
@whowhy9023 2 часа назад
They don’t know how.
@audience2
@audience2 2 часа назад
They don't have the software expertise. They don't have the hardware expertise.
@meatheadtank
@meatheadtank Час назад
Rivian is probably the next Boom!
@Madonsteamrailways
@Madonsteamrailways 2 часа назад
The ID3 is quite a good looking car. But some of us don’t want a small car but want smaller campervans like the Caddy Hembil and the NV200 electric van.
@StephenButlerOne
@StephenButlerOne Час назад
Quite a lot of us want smaller cars too.
@joewaren508
@joewaren508 2 часа назад
Electric such a lovely concept
@jgarbo3541
@jgarbo3541 Час назад
Sam, put your donation game at the end NOT the start. Bad PR...
@MrGMawson2438
@MrGMawson2438 2 минуты назад
Cheers bro
@ArifSetiawan-k2o
@ArifSetiawan-k2o Час назад
Sell to corporate America yes
@mss627
@mss627 Час назад
The formula is simple. Start producing affordable, fuel efficient, reliable cars. You know, the kind Honda and Toyota used to make. Trust me, sales will increase dramatically.
@RamakrishnamurthyYeleswarapu
@RamakrishnamurthyYeleswarapu 7 минут назад
Their cars are expensive as hell to maintain. They put a hole in your pocket.
@rainywhite4845
@rainywhite4845 Час назад
make ICE as exclusive product, expensive & difficult to own, same approach being used rolex that makes it survive until today, casio digital watch seemed as threat to traditional watch then.
@tysonfinn1470
@tysonfinn1470 Час назад
That's Ferrari s business model
@johnoneill1011
@johnoneill1011 4 минуты назад
After the reprehensible "Dieselgate, VW deserves to go under. Locally, VW treats customers with disdain. Aside from Porsche, won't be missed. VW Group's younger German workers can get jobs in the German military, which is in dire need of beefing up.
@timothykeith1367
@timothykeith1367 36 минут назад
To save the automakers the EV subsidies must end. End EV tax credits, no more carbon credits. Governments are killing the auto industry.
@TankEnMate
@TankEnMate 5 минут назад
We don't need no water ... 🔥🤱🚚🔥
@aloisiussi4635
@aloisiussi4635 2 часа назад
No, it's media spin. Its 12.9 bil profit for 9 months. And 2.9 bil alone on Q3 2024. Not sure whats the fuss
@StephenButlerOne
@StephenButlerOne Час назад
The fuss is the trend
@tysonfinn1470
@tysonfinn1470 Час назад
Revenue going down. Debt going up good bye
@gamegame-vc5ww
@gamegame-vc5ww 14 минут назад
wwwiii coming.
@auto-govern
@auto-govern 28 минут назад
Scout looks more like a rebadged Rivian. So if VW has already invested $5B+ in Rivian - Why do they have to build rebadged automobile separately again ? Seems like VW is obsessed with multiple brands / badged autos that look the same.
@mikafiltenborg7572
@mikafiltenborg7572 Час назад
⚠️EV-disruption from China and Tesla ‼️
@christophreuter9572
@christophreuter9572 2 часа назад
The high costs were no problem, to the moment vw sales decline in china.
Час назад
It crashed 63%!!
@gentoffire
@gentoffire 18 минут назад
VM no doubt is a great company. I think they need to simply and reduce the scale, seeking government subsidies to enhacne production and R&D. Then come back to the table with a strong comeback. But obviously, under the condition the Ukraine/Russian war ends with energy price back to normal... otherwise god can't fix it.
@stevenbarrett7648
@stevenbarrett7648 32 минуты назад
Wow have you seen the new Leapmotors mini T03 we are getting in the UK later this year ? under £16k with a 245 mile range, probably be about 200 miles in the real world but what a winner, cheaper than the MG's. Looks a bit like the old Fiat 500e but half the price, then again its coming via Stellantis who own Fiat so maybe that was the base model they worked with. The race to the bottom officially begins in November !
@johnjohnson3370
@johnjohnson3370 2 часа назад
Just proves how so called smart people in vw are so slow its the long haul like the turtle 🐢 against the 🐰 I'm not educated at all compared to experts in vw I saw this 5 years ago wow
@ricecrash5225
@ricecrash5225 2 часа назад
I swear Unions would rather see the company fold than back down from threats they make.
@cctoronto
@cctoronto 2 часа назад
You could the same thing about the government and its mandates.
@ricecrash5225
@ricecrash5225 Час назад
@ True but Unions and Government are the same / interchangeable political insiders.
@martinhovorka69
@martinhovorka69 51 минуту назад
Their only innovation in the last several years were constant price increases, making today's average car price where Porsche was couple of years back. No one will miss VW with it's high nose management.
@alanccvoo
@alanccvoo 2 часа назад
So they are still profitable...it's not end of the world
@hendrx
@hendrx 2 часа назад
Losing 43% of your value and shutting down the factories is not the end of their world? 😂
@hailyrizzo5428
@hailyrizzo5428 2 часа назад
@@hendrx just the beginning of the end
@buddy1155
@buddy1155 2 часа назад
Thank you, you are the single person in the comments that making less profit is not the end of the world.... VW is just fine, all car manufacturers have their ups and downs, all it takes is a few models that don't sell or are insane popular.
@stefan2796
@stefan2796 42 минуты назад
Still they are making billions of profit...
@chrisheath2637
@chrisheath2637 2 часа назад
For decades, Legacy Auto has gone along in a ho-hum sort of way, a few changes here , a few changes there. With board members and execs enjoying a port and cigars life-style. Keep everything as the status quo - don't make waves - it was difficult to make important changes.Add to that, out-dated work methods, a fractious Union, and an irascible Porsche board - in other words, an industry ripe for disruption...
@sunjun222
@sunjun222 2 часа назад
Xpeng are going to make their cars. Salary reduction only helps some.
@z.Sh4ped.Po0Tin
@z.Sh4ped.Po0Tin 2 часа назад
Aufwiedersehen und danke 😎👍 German domination attempts always results in disaster: WW1, WW2, EU.
@christhomas5804
@christhomas5804 2 часа назад
They think they have a contract for a revolution-battery that is also cheap - and that they are the only one. (This will not be the case!)
@Martini77777
@Martini77777 4 минуты назад
The problem is that their cars are boring. Their design does not inspire positive emotions. It is not a car one desires.
@uber_l
@uber_l Час назад
Looking how vw workers 'work' in the shown video clip, their wages should be reduced by 90%
@carlturner4344
@carlturner4344 Час назад
High energy costs, what about all those videos claiming Germany renewables were taking over.
@happymelon7129
@happymelon7129 Час назад
Those EU countries that voted "yes" to the EV car tariffs either produced no cars or produced far fewer cars. This convinced everyone that this is to deindustrialize Germany. Not helping workers.
@doriangray6985
@doriangray6985 Час назад
The WEF do not want us to own cars. What better way than to ruin the industry 😮😮
@TheOrangeGunner
@TheOrangeGunner 4 минуты назад
Any Chinese manufacturers making a profit? It is a bloodbath everywhere. Too much over capacity.
@dr.sustain6754
@dr.sustain6754 Час назад
I think they will externalisieren all dept to the German society and use that artificial „crisis“ to through out as many as possible old workers and then renew production in cheaper countries.
@roncarney9158
@roncarney9158 28 минут назад
Fully electric vehicles, like all the other flotsam caused by the plant food psychosis, ugly wind and solar, thousands of kilometers of unnecessary transmission lines to disparate locations, insane government subsidies financed with borrowed money, skyrocketing energy prices, businesses closing, will all end up in the what were thinking column!
@iYTWork
@iYTWork 2 часа назад
Motors in Wheels 🛞, can you make a video on that ⁉️
@ShannonJosephGlomb
@ShannonJosephGlomb 2 часа назад
why buy these cars when China just released a load of cars that are just plain better in all aspects :)
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