As sales fall in China VW group forced to shut down 2 more factories

As sales fall in China VW group forced to shut down 2 more factories
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[@freddietheone8067]

Remember Herbert Deiss? He warned VW again and again what would happen and they fired him. You are reaping what you have sowed.

[@RemnantDiscipleLazzaro-Rev1217]

Galatian6:7-10.

[@hardyvonwinterstein5445]

I remember Herbert Diess. Brave man, but he didn't address the big problem in Germany: the Unions that block every change.

[@intellectualDumbbell]

What did he warn about?

[@chillfluencer]

​@@hardyvonwinterstein5445Nonsense. A clear diversion from the leadership in german companies being utter morons.

[@jimmycrack-corn9872]

We went through this long term decline of our car industry in the UK in the 1970s. We didn’t invest in innovation and were riddled with Unions that just couldn’t evolve and compromise. Now it’s Germany’s turn.

[@budbud2509]

But Germany bought into the EV dream , they spent a fortune on trying to switch to produce EV's People now do not want EV's Ive just checked EV sales in Aug are DOWN 70% in Germany All VW cash reserves have gone into EV development that people are rejecting , thats the root of the problem France EV sales have declined 45% I doubt if there will be a recovery from this Here in the UK ICE cars are being rationed trying to force people into EV's , result is people not buying . U can buy a brand new 2 year old EV that has been sitting pre registered on a lot today at a massive discount . So any good sales of EV's can easily be put to pre reg cars sitting on a lot somewhere , the future looks bleak .

[@grahamkearnon6682]

Before that was the motorcycle industry which the Uk dominated until Japan woke up!

[@JIMMY-nz1ld]

Those companies paying too much tention on their stock markets rather than it's customers and products.

[@Western_Decline]

that’s how shareholder capitalism works

[@ToriZealot]

​@@Western_DeclineSounds dumb

[@Sabsch-ow4tp]

But this is how the money will be made. They are public listed and can't ignore the facts. However the worker unions played their part as well ... by asking for unreseaonable payments and working hours. Now blame the management sounds a bit ridiculous to me. They have to ask themselves ... what can they do? Same need the management to look into details.

[@ToriZealot]

@@Sabsch-ow4tp money is made by satisfying customers. Nothing else is sustainable

[@capnkirk5528]

@@Western_Decline "that’s how shareholder capitalism FAILS" ... fixed it for you

[@jas340]

I'm 62 and have NEVER in my life ever considered VW as a car brand I would buy.

[@oliverharvey7561]

I've got a mk4 GTI, and it's it's a great car!

[@mariogirod6195]

Another part of the truth is that VW just paid out some of the highest dividends they ever did. So it’s not like they don’t have money. They just don’t want to give it to the employees and invest in development as they should.

[@nihatsavmaz6677]

As a turkish Origin German i say: VW made big mistake by pushing the Diesel Engine instead of looking for efficient ev Production Methodes. Germany made best ICEs and the best GEarboxes by ZF. Guess which parts missing in EVs? engines and gearbox!

[@GallAnonim-jx2cz]

You guys in Europe just know two worlds: EVs and ICEs. In China the producers listen to customer needs and best selling are long range PHEVs. Imagine 200km on battery and petrol engine for 15k Euro:) That's what Chinese companies are doing, and hiw about Volkswagen? Just EV and ICE to choose, no wonder they are in decline.

[@simpromovie]

@@GallAnonim-jx2cz PHEVs are the worst of both worlds.....A very bad compromise. You have the complexity, costs, weight and maintenance of two drive trains and you are still emitting pollutants and CO2....

[@N1rOx]

​@@GallAnonim-jx2cz soon, no need for hybrid. Nio already has 1000km at battery swap station. How long until other brands have 1000km battery and cost comes down? Only small window of time where hybrid makes sense for some people. Window is closing..

[@quoc28mytube]

@@GallAnonim-jx2cz You are too modest. The range of a BYD Sealion is 2000 km!

[@davidclemens1578]

People are starting to realize that Ev vehicles are not NetZero. The major portion of their carbon footprint is during the manufacturing of these vehicles. Add to that the cost of battery replacement after 10 to 20 years which can be almost as much as the used vehicle is worth. These vehicles because of their weight has much more wear on the tires and brake components than a similar gas vehicle. Tesla's problem with the model 3 is what to do with a used vehicle. We have yet to be impacted with soon to be flood of used electric vehicles coming to market. Then you add to that the lack of charging infrastructure here in the US and Britain for example and the electrical infrastructure to supply power to these charging stations. California has already seen the problem with rationing electricity not only for their general usage but the added demand with electric vehicles. These legacy car companies are suffering because they made the mistake of using their profits from gasoline vehicles to pay for the electric vehicle change over and then reducing the number of gas vehicles to the point that they no longer offer gasoline vehicles that people want without first finding out if electric vehicles cost of manufacturing is self-sustaining.Add to that the problems with Ford, Volkswagen and GM is all the recalls as a result of cheap electronic components and modules that fail that are supplied by China. You can also add to that the safety requirements in these new vehicles which caused the cost to balloon in each and every vehicle. A good example is the millions of airbags that they have had to replace. Then you add on the unrealistic emissions and fuel mileage standards set forth by governments. History has shown that these regulations are arbitrary at best and every time a company meets their demands they move the goal posts. As we have seen companies have tried to hide or cheat on these regulations such as Volkswagens ability to hide the true emissions output of their vehicles, which I thought was brilliant. I thought the risks outweighed the costs because you can be sure that they saved more money even after all the fines and replacement costs they still came out ahead. Henry Ford built electric cars in the early 20th century and they failed for the same reason these vehicles will fail today, range anxiety and battery replacement cost

[@stefan2796]

Too bad employees will be fired, because the management and marketing department of VAG is destroying the VW brand...

[@theimax1]

Legacy auto are not used to giving the customer what they want. And VW service costs too much their oil is the same price as gold. Can’t wait to own an ev

[@verypleasantguy]

VW sacked their previous CEO and devoted themselves back to the ICE arena.

[@stefan2796]

VW uses customers as guinea pigs, while asking a premium price for their horse manure.

[@tilapiadave3234]

Germany EV sales down 70% !!!!!! seems people are waking up to the EV lies

[@jizhang75]

16 golf truning on app service costs 430 euro , which is available free in modern car

[@robertgy.8917]

@@tilapiadave3234😂😂😂not this again! waking up to what petrol/diesel cars are the worse thing you could buy..that’s why closing factories old automakers and EV is booming everywhere

[@Fritsvrolijk]

Its over and out for VW

[@ngmookleong3415]

vw was saved by chinese market 35 years ago . so their demise was delayed by 35 years .

[@networm78]

I believe it's a consolidation of their ICE factories in China, and they will probably follow-up with building new factories specifically for EVs which are more automated and streamlined. Shutting obsolete factories is the fastest way to cut loss. Painful, yes. But it has to be done.

[@GallAnonim-jx2cz]

Do you even know that in China best selling cars are not EVs but EREVs? Google what's that because this category doesn't even exist in Europe. Simply said long range PHEV.

[@pierreblattner4527]

That's the only way they have to prolonge their life!! and not going bankrupt immediately!!

[@verypleasantguy]

VW group could have prospered, if they did not sack their previous CEO who believed in the EVs.

[@19mad92]

Basically, this is a good sign, even though Europe is currently facing many short-term challenges and a significant paradigm shift. It is only through crises that we can innovate, and innovation, along with staying up-to-date, is essential to being part of the future.

[@grahamkearnon6682]

10 yrs down the road, we will all be riding in Chinese electric vehicles that were put together locally from crates shipped from the Chinese fabrication factory. The comparison between Chinese to German quality in the ev market sees the Chinese win.

[@crumcon]

The fact that Golf has almost the same Design for every single generations is so crazy. Especially the interiors looks almost identical on every single generations for decades! Because of Tesla and Chinese cars they have updated Golf's interior with bigger screen and some ambient lighting to stay relevant!

[@slavko321]

VW selling their EVs in china is like getting a girl at the brad pitt lookalike contest.

[@good-g2w]

good work mate... lets clean up the air quality and get healthy.. V Lung cancer in young nonsmokers is on the rise: Uncovering the cause;vehicle exhaust. What are the symptoms of lung cancer in nonsmokers? mostly none...Car Exhaust contains over 40 poisons that go into our Lungs Blood.. And Brain..

[@chrisnewman7281]

any industries that are very labour-intensive are obviously going to be more competitive if they’re manufacturing in Asia. cost of living is fairly cheap there and so the wages can be lower than in Europe. That’s just the reality that the European Auto makers and an American legacy Auto have priced themselves out of that market.

[@goldriverbank6647]

Innovation

[@dennyliu7494]

Not true. Most of the EVs in China are made by robots. Human hands are needed mainly for quality control and marketing.

[@Sabsch-ow4tp]

Quality does not match western cars as well as cutting corners and stealing of technology is common in China. E.g. how come the new MI SV 7 looks very very similar the the Porsche? Why not facing the truth ... China has not invented anything for centuries ... they just force companies to mfr in China by adding huge taxes on import cars and force joint vendures with CN car mfr, while now complaining about a smaller tax %? If you want to be fair ... make the same. Set 100 % for all made in China cars to EU and force them to mfr locally. Than enforce joint vendures and see what China is saying. Also pls pls compare apple with apple ... their quality and after sales service is poor ... check out what Russia is facing with made in China cars. Good luck to all of us if we still believe a country cheating, stealing and counterfeit everything is great. Some more it is annoying how they behave to their neighbours. I think who still think they are such great guy deserve to get all their low quality products incl. breakdowns and delays at repair, beside used toxic chemicals and potential hazards poisoning. LOL. Have the West nothing learned about the last 30 years ...

[@chrisnewman7281]

@@dennyliu7494 Owner Zhejiang Geely Holding (39.94%) Proper Glory Holding (26.2%) Number of employees 60,000 (2023)

[@TheMighty_T]

It is very possible that over the coming years all western companies will not be able to work in China. This move by VW is a bitter pill for sure, but might be the smart move based on the likely looking geopolitical outlook.

[@huckleberryfinn6578]

Probably. But on the other hand, VW is lobbying against tariffs on Chinese cars in the EU. They have to decide where they stand, they can't have it all.

[@MultiMenvafan]

Yup. When China invades Taiwan all investment will be lost anyway. But I'm sure that won't happen. Like when Putin would never invade Ukraine.

[@schrodingerscat1863]

The factories in Germany are not inefficient, they are just uneconomical because the EU is no so uncompetitive that industry of all kinds is leaving at a frightening rate. The EU is also extremely hostile to anything but EVs, cars that aren't selling, that it is making the EU a terrible place to do business for the auto industry. Face it the EV nonsense is over, no one wants them and government coercion is no longer working.

[@sc00Bay]

Misinformation on Jeep: GAC-FAC a Joint Venture between Stellantis and Guangzhou Automobile Group Co., Ltd. files for bankruptcy in China. Not Jeep or Stellantis itself.

[@melleblanc971]

Tesla Shanghai is a HUGE factory, one of the largest worldwide @ 1M vehicles/Year. No bells and whistles, just very efficient large scale production...and it ramped to full production very quickly! Meanwhile at Tesla TX they have spent several times more $$$ to build it...and it is STILL under construction, with only a tiny fraction of the vehicle output of the Shanghai plant. Net result for Tesla....they are making good profit on every vehicle made in Shanghai, and they are LOSING money on EVERY vehicle made in TX.

[@lancewood1410]

Time for VW to pack up and leave China. They ruled rampantly decades ago because most if not ALL the taxis in China were VWs. Time changed.

[@Leonardo555ZZZ]

It's over ....Europe EV sales were down 43.9% in August 2024 vs August 2023. Germany EV sales in August were down 70% vs August 2023. Rising popularity of EV's ,,,,not in Europe ,USA or Australia.

[@antin4680]

In August it was set tariffs on Chinese manufacturers, too. MG4 Lux: 33 k€ -> 40 k€

[@f1aziz]

You can't put 100% tariffs on affordable Chinese EVs and say they're not popular.

[@charleswillcock3235]

If only Tony Seba could have predicted this and then posted videos on KZbin.

[@Stuey-007]

I think they can see the writing on the wall regarding China and the Chinese consumer….

[@WayneT00]

Rumour has it that Nio is considering taking over the Audi factory in Belgium , but of course Sam hates Nio to the core

[@henvan8737]

A story about Kodak, apart from the first digital camera's from Kodak, Kodak invented the first Digital film production system called Cineon. Even that didn't save them. Building EV's is really difficult.

[@gwoodlogger4068]

My sister bought a 2021 WV EV and is happy. I think that it is easier and cheaper to get repaired than more optimized EV's😊

[@k21111]

"Rising popularity of EV's" ? - yeah ok ...

[@SJBW196]

😂😂

[@MultiMenvafan]

More than 40% of cars sold in China, the worlds biggest car market, are EVs. I drive an EV and would NEVER go back to a fossil car unless I would be forced to

[@coldwarkid6611]

Everything I've read says EV sales in Europe are way down. Reuters reports they're down 44% in August. Bloomberg reports EV sales are struggling in America as well.

[@christophreuter9572]

Tomorrow german carmakers have a „autogipfel“ with the politicians. They talk about the strategy for the future…..10 years too late.😂

[@MultiMenvafan]

It would be funny if it wasn't so sad...

[@External2737]

Kodak was a known dead man walking. Digital cameras had been taking off and then the cameras went into phones. We are not there for VW or any ICEs, yet. I'm trying to figure out European August car sales. While gasoline sales plummeted 17%, Diesel down 26%, and EV sales were down 36%. BEVs dropped to 14% of the EU market. I didn't realize the EU was looking at punitive CO2 standards in 2025. I'm a fan of BEVs, but not if done by economically punitive methods. Ironically, this video had a VW advertisement for me at the end.

[@trythis2821]

Was never a big fan of VW so couldn't care less. Feel bad for the workers, maybe they can get a job at an EV factory.

[@Bradinnes]

The hubris of the large legacy car manufacturers has lead them to this. They thought that they could easily make the switch to EVs no problem. Now they're struggling on life support. They were warned years ago, this would be the result.

[@TwinCondorsAndLittleRedHorse]

A seldom-mentioned point is that all legacy autos are being led by salaried employees, including the CEOs themselves. Throughout their careers, they had always been assigned certain entities or portfolios that they took over and then continue to run well or even improve upon. They are professional managers, not entrepreneurs. So even if deep down these CEOs knew since long ago that their companies had to switch to EVs, they simply couldn't do it because they lack the necessary psyche. In Toyota's case, even though Akio himself can be regarded as an owner, consider this: how often in human history has a great achiever in any field had a grandchild who was equally outstanding in the same field? Almost never. On the other hand Tesla and many of the Chinese EV manufacturers such as BYD, Li Auto, Geely, XPeng or even Xiaomi are all still being driven hard by their founders/owners.

[@pedroarraztoa2789]

Union in Germany are furious, but they are part of the problem with all the benefits that they asked so many years and what made the company not competitive.

[@oscarm.1417]

I can't imagine what's going to happen to German automakers once the Chinese begin to aggressively compete in the luxury segment.

[@Afy62]

SAIC isn't owned by the state, it is owned by Municipal gov. of ShangHai... State owns three factories you may have heard of: FAW in ChangChun, DongFeng in WuHan, Chang'An in ChongQing

[@wakeywarrior]

EVs are a total disruptor. We see it in every industry eventually as technology develops. You either change (like Netflix who really invested the streaming model moving away from sending DVDs out) or die (like Blockbuster). These legacy, mainly German EV makers thought they had an unassailable position and didn’t move quickly enough, and didn’t reduce costs enough. Toyota may really suffer soon. Compare to a company like Renault.

[@MultiMenvafan]

100%. You have to wonder what management was thinking. But they are not the first to keep milking the cash cow and only realising it's dying when it's already stone cold dead.

[@beatonthedonis]

VW-group cars should be as reliable as Toyotas. Audis should be premium, expensive. VWs a step down. SEATs sporty, sexy but affordable. Skodas practical and great value. Hybrid and EV options should exist across the group. Instead, VW-group cars have middling reliability, their financing is expensive, and hybrids after virtually non-existent.

[@justme6275]

China saved VW once but not this time....

[@DarkVader-jj4dt]

Who'd ever thought that losing access to cheap Russian gas would DE-industrialise Germany? The U.S. knew this would happen when they blew up the Nord Stream Pipeline.

[@AnthonyJones-vk6xq]

At last, a comment made by someone with a brain-cell.....👍👍

[@nexus438]

That and opening their borders wide open to all and sundry.

[@MultiMenvafan]

Germany should never have relied on gangster russistan in the first place. Everybody warned them of the risks. If they would have doubled down on renewables in a zero-rate environment they would not be in this predicament. But the oligarch bribes were too good I guess.

[@costakonti]

do chinese EV manufacturers receive more goverment incentives than international EV manucatures, does BYD get more ecentives than Telsa?

[@verypleasantguy]

no

[@ciupak7932]

Love your facial expression for that clip....priceless 😂

[@cfwin1776]

The European car companies are retreating from China and their home countries have to protect their home turf by imposing hight tariffs. They are now endangered animals that need special protection.

[@shammusomalley8986]

WV's problem is no demand.

[@jinxvrs]

The ACEA have today released August's sales figures for the EU, EFTA & UK. The total market is down 16.5% compared to August 2023. BEV sales -36%, PHEVs -22%, Petrol -18%, Diesel -26%. The only growth is in Hybrids (including mild hybrids) which are +8%. YTD, BEVs -5.5%, PHEVs -1.7%, Petrol -3.9%, Diesel -10.2%. Again, only Hybrids are up at +20.3%.

[@MultiMenvafan]

Hybrids is a "transition" technology. The shift to EV is inevitable and only a question of the pace of infrastructure rollout.

[@siamcharm7904]

at some point china might just ban all ice autos. wonder what that would do to oil industry

[@MultiMenvafan]

I'm certain it will happen. It is good news for everyone except for the OPEC+ mafia and legacy dinosaur-auto. And China can do it all within the framework of WTO claiming it is for the sake of climate and environment.

[@brucehutcheson5371]

Corporations need to reform their methods of choosing their leadership. Over and over corporate leaders are making decisions that are terrible for their companies, their workers and their investors. Change is difficult but leaders must have the courage to change if they are to truly lead. Not just do status quo and collect a big check.

[@MultiMenvafan]

While I agree it is also a comolex question. Herbert Diess got fired at least in part for being too visionary. The owners and stakeholders in VW had it coming, it's not only leadership.

[@russellfreestone8580]

Interesting comment about Kodak, your right legacy Auto is finished.

[@andreashauschild7757]

Its a problem caused by management and unions together. Management failed to understand that quick and efficient Research is a must to succeed. And the Unions did not understand that Labor is a major cost factor and if a vehicle is not competitive in cost it will eventually be phased out. China has a big advantages. They throw tons of money into R&D and they build new factories that utilize automation as much as possible.

[@johnfrancis4401]

They should have listened to Herbert Deiss AND THE ELECTRIC VIKING ❤️

[@leifvieri4372]

Who pays for the closed factories? Its not for free, and the quy with the money is the car buyer...

[@shammusomalley8986]

The EV push ran into the reality of high interest rates and downtrend in demand as the market is saturated.

[@MultiMenvafan]

High interest environment and recession yes, but hardly market saturation. People postpone buying new cars in such and environment, that's only natural. I believe EV demand will recover when interest rates fall and recession ends. Fossil will just keep losing market share to irrelevance.

[@ocker2000]

Change is happening all around us. It is visible now in the auto industry. But all other sectors are going to massive changes too. Look at consumer banking, insurance, healthcare, travel, etc. etc. computing and AI is changing the role of legacy everything. You are pointing to the automotive sector winners and losers. But the big picture is just as interesting.

[@lovedefeatsus]

City People want scooters now, not cars. VW could have produced them but choose not to. Low demand means it's not required to produce as much as before, leading to layoffs.

[@Santiago8041]

I think one of the problems facing the EV adoption in the US is that of body type. The sedan has been a low profit dying body style in the US being surpassed in favor of SUVs and here in Texas Pickups (UTEs to you). The profit for legacy auto has come from big SUVs and Pickups and they are not set up to compete and make a profit in the sedan market weather ICE or EV. We see this problem with Tesla moving to non-luxury models 3 and Y. The CyberWTF is not going to be a solution.

[@johnnyforeigner11]

Software has now become a defining feature of BEVs, and in this area, VW has failed compared to most Chinese automakers and, of course the leader, Tesla

[@marcionphilologos5367]

Stellantis dumps all Chrysler brands, GM only sells cars in the US and FORD is losing market share all over the world. What is the endgame?? Ford and GM owned by the FED and producing ICE cars for the US?????

[@twu905]

Seems to me it’s Germany that has excess auto manufacturing capacity, not China.

[@oceanspat]

also Rivian investment 1 billion 1 st year up to 5 billion over 4 years

[@Afy62]

Good Chinese brands can buy and take over these production lines instead of building new ones

[@mindaza0]

they should build hydro now lol

[@christophmartin5381]

Hydro what ?

[@mindaza0]

@@christophmartin5381 go back to school kid

[@JIMMY-nz1ld]

A mobile bomb?

[@christophmartin5381]

@@mindaza0 What do you mean with "hydro" ....water? Because hydro is water... But building engines with water fuel might be a environment friendly solution....

[@ItsMe-tl6co]

Holy. The Passatt was the best selling in China at one time? Doesn't say much about the Chinese.

[@psychoja]

Driving around ShenZhen, Guangdong province you can rarely see BMW, VW EV. You can see some Toyotas. Rest is Tesla and other Chinese companies. Western vehicles are just too expensive.

[@shammusomalley8986]

EV sales in Germany down 50% YOY

[@markcrebert4143]

Heard a rumour that VW is considering pulling out of Australia. If true, ultimately good for consumers not so good for dealer staff.

[@gregcook7900]

That is why VW gave Rivian 5 billion..

[@simpromovie]

NEV cars are not only EVs....This are also ICE cars with a small battery,....

[@jayceh]

No, battery vehicles with a small ICE. Sounds like a small difference but actually totally different

[@simpromovie]

@@jayceh I know many people here that never unpacked the charging cable for these PHEVs because they bought it for tax reasons alone....

[@jayceh]

@@simpromovie America is not the world. That's not how people in the biggest car market nor the fastest growing are using PHEVs since there are no incentives

[@simpromovie]

@@jayceh Maybe. But I did not see any real advantage compared to a BEV. I am so happy that I get rid of this combustion engine and all that is related to it...

[@jayceh]

@@simpromovie some people need that peace of mind. 2,000km range also let's you go on road trips without checking for charging stations. Some people like that. Freedom of choice. That's a nice thing.

[@Jason-sf8vx]

VW cant just rely on talent & prodution bases at Germany , decision must be based on competitiveness and avaliable of talent

[@mikafiltenborg7572]

Where is Herbert Diess? 😅

[@thescouselander5531]

EVs have failed in mass market. Manufacturers who don't get out in time are finished.

[@reeceagland1980]

There is a lot of overcapacity in China car manufacturing, so not surprising. The issue is the debts of VW, not this. This is consolidation. Also EV manufacturing is quite different. Land is relative cheap in China, so they will be using new factories and new incentives from local governments.

[@Clint-stanley]

Coming to the comclusion all Legacy is going to fail. Only the new from the ground up auto makers will survive. Actually tired of hearing Legacy excuses. Bring on the new. Autoline Dailey did point out all ICE cars went up in price after covid. Customers had more cash on hand and went high end. Now they want reasonable and legacy can't make a reasonable car. Seba predicted thier cost would continue to rise. Seba predicted new EVs would come down in cost. You would think legacy would understand the analysis and wake up.

[@otis3744]

VW needs to work on its interior.. I can’t imagine buying a mid range vw car, it looks like a 1970s car from in the inside.. competing with chinese technology rich, feature rich cars, china is bring competition to companies that haven’t had competition in decades

[@CR71243]

Death spiral

[@aNf0m0f0]

Elon musk was onto something with his pay to order pause able manufacturing time

[@GeoffDann-o7n]

NIO is the EV market winning business model. Battery Swap is the future. For Petrol Station, read Battery Swap Station. Takes 4mins to swap out depleted swap in charged.

[@mitchellchristianson8120]

This is a guess EV startups in China have lost more money in one year than legacy Auto is lost in 5 years. Maybe they coming in by. They got enough money still on the balance sheet to write it out and they didn't and that's where they're gone correct? Maybe they had a good car but they just didn't have enough time. That's what's going to happen, right? Sam to a lot of them. Maybe not legacy Auto. The government will probably not let that happen but everything's open. The world says they're uninvestable. Don't forget it without that there's major problem

[@MrGMawson2438]

Morning bro

[@grahamkearnon6682]

Is VW the first german dinosaur to collapse? BMW have been quiet but, MB have offered overpriced underwhelming battery vehicles.

[@Vanu-i4o]

Don't worry China will keep them open without their permission lol.

[@dwylhq874]

VW cars look good but their EV Software is still garbage. 🗑️ Management don’t _get_ it. 🤦‍♀️ The negative spiral will accelerate. 📉

[@gunnarlandin3258]

I thought cars were about driving not watching screens

[@almostthere100]

@@gunnarlandin3258 *WERE*

[@christophreuter9572]

They look like grandpa designed a electric car….and yes…software is crap!

[@ZgO_o]

China is the epitome of plan, prepare and execute... legacy auto brand CEOs were laughing some years ago and calling China as their forever money making machine as China tried ICE vehicles and failed miserably then they poured all effort and resources in the future like EVs, Supply chains, mine ownership, efficient infrastructure complimenting their manufacturing etc, etc.... tbh, all legacy brands think of is money and profits and no foresight for the future. I guess this is why being champion for too long without competition is bad cuz rivals keep you in check. China had so many EV brands but once government stopped and assistance was given only to brands that performed in the market, most of those brands fell like dominos and now these brands of giving legacy auto makers a run for their money, tbh i see only Tesla competing other than that all going bankrupt if government tarrifs arent there. No wonder China is a threat

[@dougsheldon5560]

Door handles? WTF with their engineers. Go back to an old style.

[@MarkGorman-z2o]

Maeve Falls

[@Peter2k84]

Self inflicted.

[@bonaldisillico]

Furore = foo-RO-ray

[@mikafiltenborg7572]

EV-disruption......... 😎

[@mjerome1457]

That’s b/c their EV’s are TRASH

[@ahmed56100]

Because european put tariff up 40% car made in china

[@jt8280]

Good Bye VW ! Hello BYD, the more affordable vehicle !

[@John-p7i5g]

Who didn't see this coming after the forced ejection of Diess.

[@joejimmy8088]

شركة فاشلة 👎 جميع سيارتها خرة لا أنصح أحد بشرئها ابدا

[@paulratnage2663]

European car manufacturers will not be profitable in china when all Chinese car brands are subsidised by the Chinese government. China makes cars, registers them and you keep seeing them seating in fields not being used. Not many people want EV’s it’s sales in Europe is because company cars incentives, the general public do not want them on several issues. Too expensive, can not insurance them, can’t get parts, electric prices to high, road pricing per mile issue and good luck in getting one repaired if you can find someone to repair your EV. People can only afford so much, in the uk everything is so expensive & your money can only stretch so far. Do you buy expensive EV or pay your bill & buy food?

[@nexus438]

If you're still buying an EV, you're a chump of the highest order. Financially, they're the equivalent of a money pit and environmentally, they're a disaster.

[@moszis]

Thank you for actually making a real video! If there were more of these, instead of advertisements of Australian solar company or Chinese junk cars, this would be one of my favorite channels.

[@dski8097]

EV hype is over, people are not buying ev's anymore.

[@TheoWink-wh8st]

I buy 5000 eur for golf6 300.000km then drive 900km 1 tank😊 Why buy new Who is stupid?

[@yo2trader539]

Your knowledge on manufacturing is still limited. For instance, Ford's Oakville Plant was scheduled to be retooled for BEV production. The expected time frame for that process was years, not a few months. Ford pushed back the schedule due to insufficient BEV demand. And Honda (and the Canadian government) announced just a few months ago that they'll be opening a new plant and battery factory in Canada due to increasing demand in the North American market, particularly in their hybrid vehicles. As for Honda's operations in China, you're limited in information, probably because you don't follow Chinese or Japanese industry news. Some of Honda production lines in China are currently being retooled for Hybrid/BEV production. Honda has a Joint-Venture scheme in China with both Guangzhou Automobile Group (GAC) and Dongfeng Motor Corporation. The #4 factory of GAC-Honda plant will be closed in October. It opened in 2005 and has the ability to manufacture 50,000 vehicles per year. Production of the models will absorbed by other factories operated by GAC-Honda. This is the closure that led GAC-Honda to let go about 2,000 workers. Dongfeng-Honda will be suspending the #2 Factory in Wuhan, which became operational in 2012. It has a maximum 240,000 production capacity. The workers and equipment will be transferred to other Dongfeng-Honda facilities. (Dongfeng-Honda's #1 Factory in Wuhan started operations in 2004.) Automakers prepare years in advance to launch a new model. They design, line-up suppliers for components and materials, train workers, retool or introduce new equipment, receive certification, draft manuals, secure marketing budget, inform dealers, etc...which normally would take 3 to 5 years, depending on whether it's a refresh, upgrade, or a completely new model. No automaker suddenly switches production models/lines in a month. It's all planned and scheduled in advance.

[@PureAlbania]

No demand for crappy overpriced EV, yes. Give cheap and good EVs and you'll see the damand. As it's happening in China.

[@Mark-ez2vw]

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. The scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin, and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have a limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.