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

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 295

  • @boxtears
    @boxtears 3 години тому +83

    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 Годину тому +2

      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 Годину тому +3

      If we look at German and Japanese companies, we realize that they mostly live with their glory past...

    • @eish3291
      @eish3291 43 хвилини тому

      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 42 хвилини тому

      ​@@eish3291he was fired because he didn't deliver. Software issue was the main problem

    • @khalidpeer6766
      @khalidpeer6766 29 хвилин тому

      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.

  • @sammyhernandezpinto9018
    @sammyhernandezpinto9018 29 хвилин тому +2

    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

  • @pctong5387
    @pctong5387 3 години тому +46

    They brought it onto themselves

  • @MrkBO8
    @MrkBO8 2 години тому +53

    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 Годину тому

      This they have to say thank you to their "allies/friends" the USA for bombing the Nord Stream II.

    • @billhanna5455
      @billhanna5455 Годину тому

      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 Годину тому +13

      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 Годину тому +3

      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 Годину тому

      @@happymelon7129 It's just part of Russia's masterplan...

  • @philiptaylor7902
    @philiptaylor7902 40 хвилин тому +4

    This is how companies fail, slowly at first, then very quickly. Sad to see this happening.

  • @hendrikbarboritsch7003
    @hendrikbarboritsch7003 2 години тому +14

    VW should start turning the closed factories into museums. Some of their laid off workers could get jobs there.

  • @kevin-e5h5t
    @kevin-e5h5t Годину тому +4

    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.

  • @sterlingarcher1962
    @sterlingarcher1962 3 години тому +21

    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!

  • @ded32
    @ded32 3 години тому +33

    Sell more golfs at 70k 🤣

    • @Marvellann
      @Marvellann Годину тому +4

      and Enyaqs for €65k 😂

  • @Julia-hf9yk
    @Julia-hf9yk Годину тому +5

    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?

  • @glenmcneill1675
    @glenmcneill1675 2 години тому +14

    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 Годину тому +4

      It’s always so interesting to hear from the person who was on the inside. Thank you!

    • @orionbetelgeuse1937
      @orionbetelgeuse1937 40 хвилин тому

      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 26 хвилин тому

      That is true the age of Ingenieurs give them stubbornness

  • @ClapMyDog
    @ClapMyDog Годину тому +10

    Chinese EV manufacturers will own the industry by 2030. Tesla will be the exception. They cannot turn this. 😢

  • @johngee777
    @johngee777 3 години тому +37

    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 Годину тому +1

      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. 😆

  • @bagel080
    @bagel080 3 години тому +40

    That's what happens when you blow up your own pipeline.

    • @captives6479
      @captives6479 2 години тому +4

      LOL. Yes, one of the causes.

    • @NoMoreVoxPops
      @NoMoreVoxPops Годину тому

      The US kacked it. Quid Pro Quo, Germany now has to buy its blast furnace fuel from the US.

    • @oceanwave4502
      @oceanwave4502 Годину тому +3

      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 56 хвилин тому +1

      @@oceanwave4502 Defense against US? Who else is attacking Europe?

    • @stephenlock7236
      @stephenlock7236 51 хвилина тому

      ​@@Julia-hf9yk Exactly. The USA government operates exactly like the Italian mafia. Provide protection to the local business against the mafia itself.

  • @pioshelby7611
    @pioshelby7611 Годину тому +4

    I'm delighted for them after Dieselgate. Justice.....

  • @rudyalfonsus686
    @rudyalfonsus686 2 години тому +7

    blame the politicians. first they cut their biggest energy suppliers. second they ruined relation with their biggest customer. perfect chaos 👍

  • @paulconnolly4483
    @paulconnolly4483 2 години тому +6

    It sounds like the entire building has burned down not just the roof

  • @ArsenalFCRules
    @ArsenalFCRules 3 години тому +26

    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 Годину тому

      Not after added taxes sadly.

    • @oceanwave4502
      @oceanwave4502 Годину тому

      I think China has the capacity to produce virtually most things we need as human EFFICIENTLY.

    • @ronnyb9416
      @ronnyb9416 36 хвилин тому +1

      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.

  • @KashmirParadise786
    @KashmirParadise786 2 години тому +13

    There greed , bad attitude n Ego finishes Western n Europeans

  • @HermanIdzerda
    @HermanIdzerda Годину тому +5

    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 16 хвилин тому

      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 години тому +14

    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.

  • @Marvellann
    @Marvellann Годину тому +7

    They're selling Škoda Enyaq with ~300km range for €65k. I can buy a Tesla with ~500km range for €34k.

    • @StephenButlerOne
      @StephenButlerOne Годину тому +1

      Not everyone wants a Tesla, they are just too common now. I wouldn't have one.

    • @rais1953
      @rais1953 Годину тому +4

      In Australia some of the Chinese EVs are even cheaper. They look very nice, apparently well made and they're well equipped.

    • @jasonmugridge
      @jasonmugridge 56 хвилин тому +1

      @@StephenButlerOne​​⁠​⁠​⁠so your saying you’d be happy paying twice the price not to have a Tesla.

    • @jasonmugridge
      @jasonmugridge 53 хвилини тому

      @@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.

  • @ge9646
    @ge9646 3 години тому +14

    Way to go VW! keep on supporting n szi regimes all over the world.

    • @JCo295
      @JCo295 Годину тому +1

      They got out of Russia in 2023

    • @backpackpepelon3867
      @backpackpepelon3867 23 хвилини тому

      ​@@JCo295he's referring to the real n szi, not what the MSM said.

    • @JCo295
      @JCo295 56 секунд тому

      @@backpackpepelon3867 There’s a handful of countries where the label might apply and Russia is one of them. Which country were you and your sock account thinking of?

  • @eish3291
    @eish3291 36 хвилин тому

    Many people dont even care about quality as long as their car is reliable and economical to own

  • @lawrencelim938
    @lawrencelim938 3 години тому +6

    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.

  • @sxyrx7
    @sxyrx7 2 години тому +4

    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 29 хвилин тому

      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

    • @TakeThis-z7v
      @TakeThis-z7v 9 хвилин тому

      Bloated egos.

  • @NaughtyGoatFarm
    @NaughtyGoatFarm 53 хвилини тому +1

    They should never have sacked Herbert Diess. He knew what was needed. That was the end of VW right there.

  • @peterelliott2914
    @peterelliott2914 3 години тому +11

    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 години тому +1

      You have it backwards.

    • @jasonmugridge
      @jasonmugridge Годину тому

      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.

  • @blackkamui2012
    @blackkamui2012 2 години тому +21

    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 Годину тому +2

      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 Годину тому +1

      What and Mercedes and BMW as well….

    • @oceanwave4502
      @oceanwave4502 Годину тому

      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 34 хвилини тому

      Unless you are Ukrainian, the German government does not care about you.

  • @sargfowler9603
    @sargfowler9603 Годину тому +1

    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.

  • @PeterK6502
    @PeterK6502 2 години тому +6

    Profit After Tax: EUR8.9 billion, 31% decline, not 42%

    • @MaxWolf-s9y
      @MaxWolf-s9y Годину тому

      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 Годину тому

      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 51 хвилина тому

      @@lluow VW produced those headlines themselves because they want to get rid of Europe and solely focus on the asian market.

  • @HoopsKevinski.
    @HoopsKevinski. 2 години тому +6

    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 години тому +4

      (Nonresidents can drive any car in US for 1 year).

    • @StephenButlerOne
      @StephenButlerOne Годину тому

      Stalantis is just as bad as VAG, so let's not count our chickens.

  • @johnpassey3176
    @johnpassey3176 22 хвилини тому

    Good analysis, thank you 👍

  • @MrGMawson2438
    @MrGMawson2438 Годину тому

    Morning bro XPeng P7+ Driven - The First XPeng With Vision-only ADAS
    Inside China Auto

  • @davis.fourohfour
    @davis.fourohfour 2 години тому +2

    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.

  • @sullivanrachael
    @sullivanrachael Годину тому +1

    The Chinese made the EV affordable. VW has attempted to mass produce EVs that are too expensive to sell. That is the problem.

  • @GlowingTube
    @GlowingTube 2 години тому +2

    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.

  • @brecherxp9795
    @brecherxp9795 3 години тому +6

    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 години тому +4

      I mean it is, volkswagen just didn't adapt properly

    • @user-kc1tf7zm3b
      @user-kc1tf7zm3b 3 години тому

      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 46 хвилин тому

      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 44 хвилини тому

      @@zSionthey could of adapted pretty well under Herbert but they didn’t like the look of the future. Strangely the future is still coming 😂

  • @easywriter7836
    @easywriter7836 Годину тому +1

    What, no once in a generation battery breakthrough today?

  • @hankkingsley9183
    @hankkingsley9183 Годину тому +1

    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

  • @Madonsteamrailways
    @Madonsteamrailways 2 години тому +3

    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 Годину тому

      If Trump doesn’t win the election then there’s a possibility he’ll only be able to buy soap & toothpaste.

    • @jasonmugridge
      @jasonmugridge 49 хвилин тому +1

      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 години тому +4

    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 Годину тому

      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 Годину тому

      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 Годину тому

      I bet there’re making it on their ICE cars not their BEVs tho.

  • @trythis2821
    @trythis2821 55 хвилин тому

    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 Годину тому

    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 години тому +14

    😮everyday more and more people are talking about BYD 😮😊😊

    • @KP-xi4bj
      @KP-xi4bj 2 години тому +3

      Yes, more people talk about Bury Your Dead (BYD).

    • @とふこ
      @とふこ 2 години тому +2

      BYD are kinda good

    • @KP-xi4bj
      @KP-xi4bj Годину тому

      @@とふこ No.

    • @oceanwave4502
      @oceanwave4502 28 хвилин тому

      How can Germans' 4-day workweek compete with Chinese's 996? I know this is an extreme example, but you get the big picture.

  • @NialPowerCork
    @NialPowerCork 52 хвилини тому

    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 години тому +2

    But hey they get 6 weeks paid leave every year and stress days off..

  • @ibz.a
    @ibz.a Годину тому +1

    How are they investing 5billion in Rivian when this is happening

  • @m0rtifiedpenguin
    @m0rtifiedpenguin Годину тому +1

    Incompetence. ICE production is not sustainable. Porsche is terminal.

  • @elthamtreehugger5320
    @elthamtreehugger5320 2 години тому +6

    How can you say BYD is being sold 20% below cost? Please show your source

  • @gmatthews7632
    @gmatthews7632 Годину тому

    People in Europe delaying new car purchases whilst transition problems iron out. Fleet is ageing, U.K. gone from 8 to 9 years

  • @davidricardo86
    @davidricardo86 2 години тому +1

    I do not envy VW's position, good luck to the German auto industry.

  • @gabormark2294
    @gabormark2294 2 години тому +2

    Let‘s not bury VW. Yet. Too much politics behind

    • @Julia-hf9yk
      @Julia-hf9yk 54 хвилини тому

      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.

  • @robbielualhati1731
    @robbielualhati1731 3 години тому +5

    Yes Herbert Diess had the right vision and knew costs had to come down but he was ultimately fired cause he screwed up CARIAD.

  • @johnfrancis4401
    @johnfrancis4401 43 хвилини тому

    Sam you told us over 2 years ago. Deiss told them 4 years ago.

  • @user-kc1tf7zm3b
    @user-kc1tf7zm3b 2 години тому +2

    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 години тому +2

      In germany they will, because people hate electric cars here,

  • @learnprogress6618
    @learnprogress6618 46 хвилин тому

    $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 ,

  • @matthewjamessmith7047
    @matthewjamessmith7047 2 години тому +1

    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 .

  • @firatsanliturk
    @firatsanliturk Годину тому

    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.

  • @johnmightymole2284
    @johnmightymole2284 3 години тому +2

    VW had to invest. They need to completely refit all their factories.

    • @whowhy9023
      @whowhy9023 2 години тому +2

      They don’t know how.

    • @audience2
      @audience2 2 години тому +1

      They don't have the software expertise. They don't have the hardware expertise.

  • @meatheadtank
    @meatheadtank 2 години тому

    Rivian is probably the next Boom!

  • @Madonsteamrailways
    @Madonsteamrailways 2 години тому

    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.

  • @stephencollins5706
    @stephencollins5706 4 хвилини тому

    Reduce the number of models immediately, they have T-Roc and Tiago in same sector, they have pushed Skoda to put a competitor in the same sector. Why?

  • @MrGMawson2438
    @MrGMawson2438 15 хвилин тому

    Cheers bro

  • @joewaren508
    @joewaren508 2 години тому

    Electric such a lovely concept

  • @mss627
    @mss627 Годину тому

    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.

  • @ArifSetiawan-k2o
    @ArifSetiawan-k2o Годину тому

    Sell to corporate America yes

  • @RamakrishnamurthyYeleswarapu
    @RamakrishnamurthyYeleswarapu 20 хвилин тому

    Their cars are expensive as hell to maintain. They put a hole in your pocket.

  • @rainywhite4845
    @rainywhite4845 2 години тому +1

    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 Годину тому +1

      That's Ferrari s business model

  • @Sideritis
    @Sideritis 34 хвилини тому +1

    German goods have long been no longer associated in the eyes of the average person with any kind of quality. My third car was Japanese, after two German ones. The second German car was purchased in 2012, this is the worst purchase of my life. It was then that I told myself that any product with a tag made in Germany is synonymous with trash. Last week my friend bought a Chinese car, it looks like my fourth one will be Chinese too. Even funnier are the European politicians who, for the sake of Uncle Sam and his interests, spit on their own industry and population. Why did you ban the export of European cars to the Russian market? In the modern world, the struggle is for markets for products, and not for the opportunity to buy goods. I have no doubt that either the Germans have turned into idiots en masse over a couple of decades, or such conspiracy theories as the Chancellor Act are not conspiracy theories at all, but a fact.

  • @johnoneill1011
    @johnoneill1011 18 хвилин тому

    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 49 хвилин тому

    To save the automakers the EV subsidies must end. End EV tax credits, no more carbon credits. Governments are killing the auto industry.

  • @jgarbo3541
    @jgarbo3541 Годину тому

    Sam, put your donation game at the end NOT the start. Bad PR...

  • @richardmartyn7865
    @richardmartyn7865 9 хвилин тому

    VW needs to bring out the electric beetle.

  • @TankEnMate
    @TankEnMate 18 хвилин тому

    We don't need no water ... 🔥🤱🚚🔥

  • @tysonfinn1470
    @tysonfinn1470 Годину тому

    Revenue going down. Debt going up good bye

  • @aloisiussi4635
    @aloisiussi4635 2 години тому +1

    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

  • @gamegame-vc5ww
    @gamegame-vc5ww 27 хвилин тому

    wwwiii coming.

  • @auto-govern
    @auto-govern 41 хвилина тому

    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 Годину тому +1

    ⚠️EV-disruption from China and Tesla ‼️

  • @christophreuter9572
    @christophreuter9572 2 години тому

    The high costs were no problem, to the moment vw sales decline in china.

  • @fahmad7194
    @fahmad7194 Годину тому +1

    Let us all thank Olaf for this monumental landmark 😒

  •  2 години тому

    It crashed 63%!!

  • @gentoffire
    @gentoffire 31 хвилина тому

    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 45 хвилин тому

    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 3 години тому +2

    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 години тому +5

    I swear Unions would rather see the company fold than back down from threats they make.

    • @cctoronto
      @cctoronto 2 години тому +1

      You could the same thing about the government and its mandates.

    • @ricecrash5225
      @ricecrash5225 2 години тому

      @ True but Unions and Government are the same / interchangeable political insiders.

  • @martinhovorka69
    @martinhovorka69 Годину тому

    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 години тому +2

    So they are still profitable...it's not end of the world

    • @hendrx
      @hendrx 2 години тому +2

      Losing 43% of your value and shutting down the factories is not the end of their world? 😂

    • @hailyrizzo5428
      @hailyrizzo5428 2 години тому +4

      @@hendrx just the beginning of the end

    • @buddy1155
      @buddy1155 2 години тому +1

      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 55 хвилин тому

    Still they are making billions of profit...

  • @chrisheath2637
    @chrisheath2637 2 години тому +1

    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 години тому

    Xpeng are going to make their cars. Salary reduction only helps some.

  • @z.Sh4ped.Po0Tin
    @z.Sh4ped.Po0Tin 2 години тому +2

    Aufwiedersehen und danke 😎👍 German domination attempts always results in disaster: WW1, WW2, EU.

  • @Martini77777
    @Martini77777 17 хвилин тому

    The problem is that their cars are boring. Their design does not inspire positive emotions. It is not a car one desires.

  • @christhomas5804
    @christhomas5804 2 години тому

    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!)

  • @uber_l
    @uber_l Годину тому

    Looking how vw workers 'work' in the shown video clip, their wages should be reduced by 90%

  • @carlturner4344
    @carlturner4344 Годину тому

    High energy costs, what about all those videos claiming Germany renewables were taking over.

  • @happymelon7129
    @happymelon7129 2 години тому +4

    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 Годину тому

      The WEF do not want us to own cars. What better way than to ruin the industry 😮😮

  • @TheOrangeGunner
    @TheOrangeGunner 17 хвилин тому

    Any Chinese manufacturers making a profit? It is a bloodbath everywhere. Too much over capacity.

  • @dr.sustain6754
    @dr.sustain6754 Годину тому

    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.