It's too late for VW to be saved - sales fall, profits crumble, factories close

[@electricviking]

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[@ferrarim5p75]

Some may think that this is a case of a company with monopolistic intention, breaking into a regional market with ultra low prices or with great features at great value, then wiping out all competitors, including long established leaders, and finally raising the prices when there's no other manufacturer left. In reality, this is a case of a country with monopolistic intentions and seemingly unlimited resources, unfairly helping its car companies to break into the global market, with everything else unethical following that. How's China and its car companies able to do this? China's unlimited resources is an myth that its people are already suffering as a result of, with their government implementing ad-hoc laws so as to rob violators of their hard-earned money. China's cars are of poor long term quality, poor long term support and thus poor value-retention. Buyers of Chinese cars will reap what they sow.

[@dissco.partysan3333]

Thanks for deleting comments AH.

[@MetaView7]

China has just deported VW's marketing director for a drug infraction.

[@GersderaNioer]

Stacy Lynn Staples "maintains an online presence that can be easily found through a simple search of her name on the internet.

[@davidcarruthers7086]

Ouch! Guess not all people like to hear the facts. Keep up the good work, Sam!

[@LegendaryInfortainment]

Now we know they didn't shoot their hypothetical foot off by firing Herbert Diess. They amputated both legs outright.

[@jantjarks7946]

The moment he was forced out VW was done. It's not going to change anymore. A small branch might survive, but it will never be the same anymore, besides pumped up with subsidies to the eyeballs.

[@MikeKisil]

And where were the eviormentalis when the amputation was and still ongoing .sad .

[@jantjarks7946]

@@MikeKisil No payment, no service.

[@mletouutube]

Yes and the Unions are by default a second power that are against what it takes to save the company. They are one sided toward the employee's benefits forgetting that if they sink the boat they will sank with the boat. Tesla is an example to how to drive the ship.

[@LegendaryInfortainment]

@@mletouutube - So true! Unions were always a very bad idea and have only become worse.

[@gpoly]

I remember going to China for my first time in 2010 and being surprised at just how many cars were Volkswagens. It was like half. Old fashioned looking boxy sedans with big long model numbers on the cars rather than names. Visited again 6 months ago and lots of cars looked like they were from the future.....

[@someuser7501]

Mexico in the early 1990's...all Volkswagens.

[@amandagrant4331]

In fact, China consumers only pay attention to cost performance. When manufacturers can't come up with cost-effective products, the so-called "brand loyalty" collapses immediately.

[@nizicike759]

@@amandagrant4331 All the world is same ,better product and cheaper price wins

[@土馒头]

You have gone to Shanghai 😂？

[@fishfullness]

They were all VW Santanas weren't they ;)

[@Rockall57]

VW already hit the iceberg.. problem is the captain isn't listening to the engineers...where did we hear that before 😂

[@larryc1616]

Kodak!

[@echoeversky]

Boeing sadly enough for the most recent. But ya Kodak.

[@dave1704fornow]

@@Rockall57 only thinking about their own bonus

[@eugenec7130]

If the Titanic still existed today, its Captain would have ordered replacing its ICE with an electric motor.

[@michaelnurse9089]

Boeing comes to mind.

[@viperswhip]

They deserve it for firing the only CEO they've had who wanted to try to save it.

[@lemongavine]

Yep. That was a huge mistake by their board of directors

[@jandoerlidoe3412]

The grim end of the EV fairy tale...

[@user-nh1yb9mk7y]

He failed them with buggy software

[@xtc2v]

@@lemongavine The board would be voting for strikes if they did anything really effective

[@_icscata_]

They wanted to go full EV and now they spiral downwards. Who would’ve thought? 😂

[@rodgertim2881]

It’s hard to see how they’ll bounce back, especially when they're bleeding money and losing market share to electric competitors like Tesla. With legacy brands like VW, change is slow, and they haven’t fully adapted to the EV market, which is where the world is moving

[@RandyColby-mj1zm]

But it's not just Evs, right? Their internal culture is rigid, and they've been slow to innovate. I feel like they’ve been reactive instead of proactive. The emissions scandal from years ago tarnished their reputation, and they've never quite recovered

[@LoydJohnson-kp3jv]

If they don't find a way to turn things around soon, it could be too late

[@DianaTownsend-kj5kj]

Well, hold on a second. I wouldn’t be so quick to say it's over for VW. Yes, things look bad right now, but look at how other companies in similar situations managed to turn things around. They could absolutely stage a recovery, but they’ll need help from someone experienced someone who’s been through tough corporate turnarounds before

[@V.stones]

But with all the competition and internal struggles, where would they even start?

[@CarlAcevedo-sc3bl]

They need a strategy overhaul, top down restructuring, and a leader who’s not afraid to make tough decisions. That’s where someone like an experienced business advisor comes in. It’s all about cutting through the noise and knowing where to apply pressure. A good advisor like Joseph Nick Cahill, can help them not only restructure but also figure out how to position themselves for the future.

[@Agatha.wayne0]

sorry for any body that invested in vm shares or bought stock on there , and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@SarachiWowa]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@GersderaNioer]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@JaneBlac-]

I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

[@GersderaNioer]

Stacy Lynn Staples 'maintains an online presence that can be easily found through a simple search of her name on the internet.

[@DeborahMunsaka]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@johnslater7718]

Vw id3 in my country 39000euros, the cheapest one; tesla model 3 40000 euros, who is going to buy vw

[@kairuster1510]

Now € 30.000 at least in Germany for ID.3 Basic model. Paid € 36.500 only for much better M3SR two years ago however.☺️

[@larryc1616]

Just idiots

[@archiefleming652]

Dont give a rats about VWs but we should stop trading with China until it has a democratic govt. No slave labour

[@patrickpirzer4080]

That's it. What was once a popular car brand which everybody could buy is now a brand for yuppies with money.

[@drew8256]

Why buy an imitation when you can buy a Tesla?

[@Marszczak]

Well, diesel Passat is 50-70k euro. That is crazy!!! No wonder nobody is buying

[@aramide2980]

Exactly. People ran out of money to buy insanely overpriced scrap, that breaks apart in 5 years.

[@marktrinidad7650]

I wouldn't buy a Volks for half that price. Reliability is not a thing in VW.

[@Marszczak]

@@marktrinidad7650 bmw is even more pricy but not more reliable. Same Mercedes. Toyota is ugly af. Fiat has 1 model. Honestly - choice is very limited, Stellantis has many models but only 1 engine. Dacia is at least cheap, but inside of their vehicles is suited for hosing down if manure spilled over. Small electric vw id2 is not even in press now, tesla model 2 is delayed even in Elon time. Renault 5 seems to be only one responding to the demand and not so expensive and nice to look at electric car. 25k euro would be OK.

[@jondonnelly3]

​@@MarszczakR5 is a total shit box. No room in them. Drives like shit.

[@Marszczak]

@@jondonnelly3 what is R5? Renault 5? How would you know if car is not out yet :D:D:D Thru the power of youtube? Additionally, I don't need a lot of room in a city car. I am 180cm and 80kg, so I can easily fit judging by YT reports.

[@nicholasglade4572]

I refuse to buy any new car. They have just become too expensive. I would feel like a fool buying a new car. Now if I could buy an Xpeng in the US, that is a different story.

[@someuser7501]

You'd be a fool buying an Xpeng since their charging ports are incompatible with Tesla superchargers..every other maker has announced switching to the Tesla standard but not Xpeng. So good luck finding reliable charging during those future long road trips. LOL!

[@kuldipsingh366]

Are you sure for USA markets? What about Xpen providing an adapter with the car purchase? ​@someuser7501

[@polla2256]

​​@@someuser7501I read xpeng use the CCS2 standard so don't see an issue, especially in Europe.

[@des_smith7658]

EV's are poofs cars

[@jedics1]

I could not think of a more fitting ending given VW's emissions scam :)

[@gordonwardhaugh8266]

Volkswagen needs to keep the brands Porsche Audi and Volkswagen ditch all the rest❤❤

[@robertfonovic3551]

They employ 500000 people fool.

[@NaumRusomarov]

@@robertfonovic3551reeducation and re-employment is a thing. otherwise no one cares about the workers. things changed, vw had a bunch of failures and now they’re sinking.

[@AverageJoe-tu5sr]

Specially the part where actually did the monkeygate thing.

[@josepeixoto3384]

Not a scam; VW was doing the RIGHT THING!!! (my vw is still original, software never touched, beautiful), but the REGULATORS, the GOVs ,they did not like it, VW was silently calling them a-holes, the cars were MUCH MUCH better the way VW did them, but of course the illusionistic fake law makers did not like the competition...and they just KILLED it, and looked good.....for some time...

[@anonimato1987]

40k Euros for an ugly ID3? Nah. They should fire the designers

[@lkrnpk]

It is under 30k now though

[@vanadium0101]

I suspect they asked their designers to make electric cars look ugly by choice.

[@DFS71]

​@lkrnpk lol where I live they want 38k for a new id 3 pure.... it's insane.

[@dave1704fornow]

@@anonimato1987 agree 200% ID what?

[@mattyb1624]

Yes, I'm not sure why people seem to think EVs need to look weird.

[@markc5025]

Germany is in trouble. Their old model was trade from China, energy from Russia, and security from US. They only have security guarantee from US left.

[@jantjarks7946]

Not even that. US politics changed a lot before Trump already.

[@rayseyfarth]

Security from the US if Trump loses.

[@kairuster1510]

4 weeks remaining for our US based security ...😳

[@sedorador4967]

Northstream 😆😆😆😗

[@エラー-e7v]

Not even security left if the Orange Mussolini gets back in.

[@zilla85]

No, they aren't done. But they need to focus on the future. Have a look at the ID.7, it is really nice, very efficient - it only lacks a bit charging speed.

[@MrRobertBatchelor]

Nice isn’t going to save the company. You are completely missing the point.

[@martinogold]

@@MrRobertBatchelor If it's nice enough and at the right price it will. Plus you have the whole 'Anything but a Tesla' thing going on too.

[@Icedevice1000]

And it's 20k more expensive than a TM3 and 15k more expensive than a BYD seal.

[@ISuperTed]

Yes but it’s sooooo expensive.

[@fortheloveofnoise]

If the new ID Buzz would have been either 25k cheaper or had double the range itnwoukd have been a winner...

[@jsanders100]

It would have been like a byd then

[@connclissmann6514]

Couldn't agree more! The 5-seat Buzz costs a fortune here, around the price of a 7-seat Kia EV9.

[@donaldbrown9976]

Not to mention the fact that it weighs over 3 tons.

[@lzh4950]

@@donaldbrown9976 Meanwhile the ultra long wheelbase Toyota HiAce (with an additional 3 rows of seating) weighs only 2.6 tonnes. Not sure if the batteries' weight is causing this big difference?

[@jorgevieiro5774]

It is too bad because the ID.4 is a fairly nice car, however the software is pretty bad, charging on road trips is iffy (particularly with EA) and they still do not have access to Tesla SC. I sold mine after two years due to continuous frustration with VW software and dealership apathy to solve issues.

[@shawncooper8131]

Only EVs makers that make a profit are Tesla and BYD. Ford makes a loss of 20 to 30k on every EV sold.

[@jorgevieiro5774]

@@shawncooper8131 Both Tesla and BYD had significant losses when they started making EVs, it is completely normal to lose money at the beginning of the production run. You only make money if you are able to ramp up the production. You have to have a good product that people will want to buy. VW and all the others know that. VW chose to ignore their customers feedback on how to improve the product, they might never get there.

[@kurtschladetzky1037]

Same here. Replaced with Tesla Model Y. The Tesla is not better in every way, but it’s a much better package overall.

[@dadys31]

Chinese manufacturers and Tesla are killing them

[@eddiemilne4989]

In a recent What Car(who are ev zealots)reliability study here in the UK the Chinese MG brand came bottom..Way below as you might have guessed Stellantis..So anyone who has one won't rush to buy another and Tesla have yet to make a sensibly sized car so I think killing it is a bit premature..Specially looking at the resale value dropping off a cliff..

[@andrewsaint6581]

​@eddiemilne4989 46,000 miles in MG 4 UK in 18 months. Awesome car. Comfy, economical, spacious, quiet, smooth and quick. After 45 year's running and maintaining cars bikes and HGV's, it's bliss.

[@jonathoncalabrese2035]

F China

[@drfisheye]

@@eddiemilne4989 In Europe the marketshare of Chinese cars is still low. But in China it is high and VW is losing lots of marketshare in China to Chinese cars.

[@edipopplinger2078]

Never

[@johnfranklin6394]

We have owned five VWs since 1999. Three Golfs and two Tourans. Add the two Audi A4s we’ve also owned, and that’s seven VAG cars in 25 years. They were all either good or great. I seriously considered an iD4 this year when I was choosing my first EV. As well as the Audi Q4 etron. I drove them both. They were fine, if rather dull and ponderous to drive. Performance was sluggish, but the demonstrators were the older 204hp models to be fair. The Audi had decent enough infotainment, but the iD4 system was just awful. As were the haptic controls on the steering wheel. Then, I test drove the Highland Model 3, and the gap between it and the VAG EVs was ridiculous. As was the gap between the Tesla and other EVs I tested (BMW i4 and iX1, Nissan Ariya, Toyota bz4x, Smart #1, that’s all I can remember). With the lease costs of the iD4 being similar to the Model 3, and the Audi being maybe 30% more expensive than the Tesla, my choice was obvious.

[@casperhansen826]

They can't be that good since you are swapping them all the time, I've had 2 cars in 25 years

[@johnfranklin6394]

@@casperhansen826 it’s a weakness. I like new cars. And that’s between two of us.

[@debeeriz]

@@casperhansen826 me too, and they were both toyotas

[@69memnon69]

@@debeerizno one that loves cars buys Toyota’s…

[@vinster8884]

You did everything you could to avoid Tesla but, you could not deny the difference.

[@ultrascettico]

All german products are too expensive and the quality has nothing to do with the past. It's over.

[@dlittlester]

My favourite was the E-Up! . Small, simple, efficient, bring your own display. And relatively inexpensive. Isn't that what a lot of people want? That is, I think, what the Chinese manufacturers will supply. Did VW and the others miss the boat?

[@matthewmartin238]

People aren't buying ID.4s in the U.S. because there has been a stop sale by the NHTSA for half of the year due to faulty door handles. You cannot say demand is down in the U.S. if buyers can't actually buy them.

[@joehowe9532]

Maybe Volkswagen should fix the damn doorhandles!

[@MrChadder007]

@@joehowe9532they are taking WAY too long to do so. It’s going to hurt them bad.

[@oceanwave4502]

Before the war, talking to somebody about the possible deindustrialization in Germany, people would laugh at you. I felt this already long before (the war) because of high wage in Germany, and China had been catching up fast in manufacturing, which has been Germany's strength. But now, just 3 years later, you see this possibility is more real than ever. High wage, high inflation, high energy cost, aging population, exodus of manufacturers to elsewhere, e.g. BASF. Perfect storm is coming to Germany.

[@lkrnpk]

Germany will be fine in longer run. VW potentially too.

[@Rockall57]

Well VW could back to their roots and start manufacturing vehicles for Ukrainians war effort 😂

[@freeheeler09]

Ocean, agreed! And the US!

[@larryc1616]

Rise of the 4th Reich? 😮

[@michaelr3647]

Erm, "People's Car" 🤣🤣

[@MrAigarValb]

VW is trying to sell a plastic rattling car with a low driving range, with acceleration like a turtle. but the price of this car to the customer is like a luxury car (at least in Europe). WHAT?

[@DFS71]

I'm assuming you mean the id3? I'm actually considering one of those as a first ev (bought 2nd hand ofc).

[@eugenec7130]

VW is now a bug with broken wings.

[@andrewsaint6581]

​@@DFS71don't buy anything New now. Kia eNiro?

[@DFS71]

@@andrewsaint6581 I considered either a Niro or Kona, but I need something smaller. Roads where I live are too small for bigger cars.

[@eugenec7130]

VW is now a bug with broken wings.

[@masoodrazaq]

You’re right to call out this “burning platform” moment. Better to be paranoid and wrong, than complacent and wrong. It’s hard to transform VW Group while the business is crashing in China. It will have to become a much smaller, more efficient company. Making difficult choices to shrink the business is extremely difficult with the labor and regulatory framework in EU/Germany. China is the new epicenter of the global car industry.

[@johnmoulton9728]

You are one of the journalists who is prepared to tell the truth and not being corrupted by VW marketing organisation

[@eddiemilne4989]

You know VW marketing are losing credibilty even faster here in the UK than Starmer is !

[@Phukchina]

All you Communist Lovers are going to proven wrong

[@alexhohm]

Ok. Now look at Tesla sales 2024 compared to 2023 and listen how he talks about Tesla. And then try to write the same comment replacing VW with Tesla. Without adding a clown emoji.

[@shirolee]

Herbert Diess tried to help VW, but then they ousted him.

[@christopherhamilton5557]

I wish he would turn up at Ford.

[@patrickshanghai2064]

we are driving the company's ID4 here in Shanghai. it is a good car. no issues with range driving in the city. the software is bad, really bad. we have lost all GPS guidance for example. they could not figure it out. we use the phone for directions. haha.

[@franksamet]

It shows complacency by VW because they didn’t give importance to the very thing that makes an EV good namely the software which they contracted to other companies to write for them.

[@davidladd5597]

I feel sorry for VW, but I feel worse for Toyota. They’re totally off in the weeds, chasing HFCV or HCEVs. H2 is troublesome to handle and much lower in energy density than gasoline. Distribution of H2, in either Crazy high pressure gas, or liquid (LH). Either form requires exotic metallurgy and trucking the stuff around is going to mean a lot more tanker trucks on the highways. In addition to this, filling stations will have to maintain larger volumes of H2 than gasoline to provide the same number of vehicles with equivalent ranges vs current stations. The transfer equipment (think gas pumps) will require a lot of maintenance and WHEN H2 leaks, you don’t want to be in the vicinity. Hydrogen is the leakiest gas on the periodic table. Required clearances in screwed connection, or machined surface interfaces, require perfection machining. I hope that Toyota figures this out before they go broke betting on success.

[@NewYorksFinest1]

The id4s here in the u.s. has a stop sale. No one can sell the id4

[@FutureSystem738]

Why the hell would anyone want one. The few people who buy one would be VW “fans” who know no better. (Just like the few fools who buy a Toyota EV like the BZ4X. 🤣)

[@FutureSystem738]

I will shed ZERO tears if VW goes down the tube. I lost ALL respect for them back when dieselgate was uncovered! Nothing they’ve done since has earnt any of that respect back again.

[@aramide2980]

Why is that so? Their cars were polluting the same as other brands. They just engineered the software to further reduce the emissions when it sensed that the car was tested.

[@timwhite8500]

@@aramide2980That doesn’t make it right.

[@Fantabiscuit]

​@@aramide2980that's literally the reason we don't like them. That and their reliability and repairs are silly expensive

[@エラー-e7v]

@@Fantabiscuit not to mention that all German brands rip customers off with their options lists. They made billions over the decades and now they seem to be most vulnerable to the electric market with Chinese cars.

[@T35LA]

How about 1936-1945 and their support and dependence on the 3rd Reich? Dieselgate was peanuts compared to that.

[@celtics2008champs1]

One of the BEST videos I have seen from you Viking !!!!

[@sakupitkanen7574]

VW actually makes very good EVs. Especially id7. However, they are way too expensive compared to competition. Id3 cost at least 10k€ too much in Europe at least. Other models the same.

[@richardfolden3860]

You seem to be in the minority as far as the quality of the vehicle goes when I read through the comments.

[@larryc1616]

Just get yourself a Volvo or Tesla from giga Berlin

[@bethechange36]

That is possibly why they are working with xpeng and Rivian.

[@205rider8]

No good EVs at VW. Too many software issues, overweight and as you said too expensive. That is not good.

[@r-type4945]

They aren't bad, but not good enough to seriously compete.

[@newtonlee7849]

Reminds me of the Swiss watch industry start in in the 1970’s when digital quartz watches came into the scene

[@barryh13]

I have an ID4, it’s a great car, I love it!! Very practical with kids.

[@EnriqueAThieleSolivan]

Oh, yes, until you know better.

[@thereplacementfordisplacement]

Same here, just couldn't bring myself to even look at Tesla. I limited my choice to maximized tax incentives at the end of June 2024. In CA maybe they rock but elsewhere they are not supporting people well. Maybe I will regret it but in 18 years when I hand it down the next EVs will be so much nicer. I am not excited about Chinese cars, they have quite a bit to prove, they may be able to do it but I doubt it.

[@murattasova7598]

Very ugly car and to expensive compared with NIO,BYD!

[@stevodfn]

@@murattasova7598 from all cars out there you name Nio and BYD as great looking? You must shop at Temu and Ali Baba a lot then...

[@BACA01]

@@murattasova7598 byd's are the ugliest

[@JohnSmith-em9ks]

Told the management about these problems 2 years ago. I was forced into early retirement because of my dedication to quality. There you go. They do not listen to realism. 40 years of vw vw dedication here speaking truth.

[@turrafirmaguitarchannel]

As we all know, to make a good EV you need a dedicated, purpose built factory. These factories cost a fortune and many years to plan and build, therefore require many, many years of production to break even. For this reason the course must have been set by VW and Toyota boards several decades ago when they continued to construct ICE factories and hid their heads in the sand on the coming EV disruption.

[@waynerussell6401]

Tesla built one in 168 days for $2B that is the most efficient and largest in China. Within 3 years it pays for it's self in profits (New St Research). VW remodeled its Zwickau ICE factory into its largest BEV facility over three years at a cost of $1.3B as a blueprint of how to convert its 120 factories to EVs. But it has never achieved its 360k unit capacity, progressively closing shifts and with a throughput rate a third of Tesla Shanghai. No other VW factories now produce EVs in Germany and Audi is closing in Brussels - the first closure in 36 years. “With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand,” Thomas Schaefer Brand Manager.

[@jazzman7167]

You were on the point!

[@EPeltzer]

Why does everyone focus on the ID4 when talking about Volkswagen in crisis? EV's are a play for the future. Most of their sales and all of their profits come from ICE vehicles. Volkswagen US sells the Atlas, Tiguan Taos Jetta Golf and those vehicles are 95% of their sales. So you really have to ask why no one is buying these models. GM and Ford for instance are funding their investments into future EVs using profits from their conventional and hybrid vehicles. While it's true that Volkswagen's EV efforts have had issues, It's the company's failure to maintain a competitive overall product line that is the real issue. The exact same thing is true of Stellantis and Nissan as well.

[@slavko321]

If you ignore evs a lot of people used to buying vws have been dissapointed in the bad quality and high pricing and just left the brand. Check the comments here, too.

[@Karl-HeinzKoehler]

Great report, i drive a 1980 635 Csi BMW.....old fashioned...

[@RussellFineArt]

I recently test drove the VW ID.4 and it was a great car! Loved the size, design, power, and all but, the range was smaller: 285 mi, which lead me to a Model Y instead. The ID.3 and other VW EV's look great, they should stick with it and keep pushing through with all EV's, even though they'll have to downsize some, but can stay in the game. Not in China though.

[@devejo]

Just glanced over the VW ad playing... It said >please connect plug.... They lost me as customer right there... On the serious side I have my trusty 5 cyl turbo diesel that costs peanuts to maintain.... it is now 15 yrs old... drives like a charm... not too heavy... very efficient at 5 lit / 100 km on open road... easy to fix if needed with abundance of parts used and new... 350000 kms no with no serious issues... had to replace driveshaft once - cost me 40 EUR.

[@jasontran8095]

In the US we rarely see a VW EV

[@SparkySho]

…..w/decent software

[@someuser7501]

True, I just passed a Volkswagen tonight with a lit up "VW" on the front grille and I knew that had to be an EV but I can't say I've noticed it before. Meanwhile Teslas are multiplying like...uh...rabbits (hmm the funny irony in that)

[@mrwilliamhope]

Brilliant talk. Although I love the brand and used to own a VW I don't like their group's electric cars. I currently drive a BMW but I live in the UK, Thank you.

[@electricviking]

Thanks for sharing

[@nightowl1923]

They cannot survive with 200 billon Euros debt! "The business is sick".

[@larryc1616]

Toyota also 200B debt

[@TXT-im7dn]

How can they have this much debt after years of dominance

[@michaelnurse9089]

Uncle Scholtz will write them a cheque. Oh, wait, he gave it to Ukraine.

[@skasteve6528]

@@larryc1616 Ford is relatively healthy at $150B in debt and GM is thriving on $126B debt.

[@christopherhamilton5557]

And Tesla has about $20b in cash and limited debt… hmmm…

[@ChrisFacciol_LIFELINEPHOTO]

I hope you’re doing OK son. Thanks for the video as always, very informative and very enlightening.

[@electricviking]

Appreciate it, glad you enjoyed it!

[@dave1704fornow]

Chinese are hard working We Europeans work parttime and are too expensive due to stupid wage taxes Europe is done

[@larryc1616]

Europe will be fighting for 3rd place with India and South America

[@gzero2814]

Nobody remembers who got Bronze

[@drfisheye]

VW has factories in China for the Chinese markets. Chinese brands have factories in Europe. Tesla has a factory in Europe. So no, wage taxes or parttime work has nothing to do with this. What does? Chinese subsidies on Chinese cars. They sell them below cost to drive out the others of the market.

[@gzero2814]

@@drfisheye Australia subsidised its auto manufacturers for decades - it happens everywhere. The difference is Chinese auto manufacturers have embraced Tesla’s manufacturing model and new processes. At an enterprise level the Chinese really want to compete, meanwhile VW expects customers to pay for their poor management and bloated union contracts. Subsidiaries like Bentley offer no value to the customer wanting to buy the best compact EV. VW needs to restructure or it will be like Chrysler

[@drfisheye]

@@gzero2814 Tesla mainly uses German machinery, including their 'giga casting', which is also used by the Fiat 500e. Tesla is willing to sell their cars at a very low margin, which is why they are cheap. First-mover advantage. Australia isn't an economic power any one will be afraid of. They can't do what the Chinese do. I don't thing VW has those union contracts in their Chinese factories, yet China is where they are suffering.

[@philippedefechereux7896]

I agree it's already too late. I worked in WOB at the Board level for one year in the mid-1990s. I know the beast. They could only prosper when the going was easy.

[@N0rdman]

As of June 2024 VW group debt is up to 215.44 billion dollars! Oops! You have already had the news.

[@alanbuck9237]

The ID4 is a total mystery. The Indianapolis VW dealer near me still has two 2023 models sitting on the lot and not a single 2024. No wonder they can’t sell them. They don’t even have them at the dealers! What the heck is going on here?

[@yossarian6799]

VW's expectations of US ID.4 sales were downright PSYCHOTIC.

[@samuelzamozny763]

The VW union have some good point. The company paid very high dividends and is still paying dividends and then they complain about having to cut jobs because of lack of money.

[@ultimateiphonedng8756]

The data is all bad for the VW group, but I think the real source of the problem goes back several years. The VW group have been for several years building cars that drive well of the showroom floor but have terrible long term reliability and very costly service /repair characteristics. Over time this erodes the loyal customer base who will cease to buy their products next time round regardless of whether they be EV or ICE. You can’t trade on “supposed German superiority” forever when the facts fail to support the reality.

[@janeleveld3669]

For 12 months I drive a second hand Volkswagen E-Up in the Netherlands and it's really fun. So I regret that things go terribly wrong with the company.

[@AlexCharron]

I waited **YEARS**, and dreamt of the VW ID.Buzz. And then, they released it in Canada with a range that is way too low, for an incredibly high price range. And *poof*, just like that, my goal of owning and travelling in a VW ID.Buzz is 100% gone. Currently, I travel and camp in my Orange Prius C. It's a tiny hatchback and yet I sleep and camp in it often, as I vacation and visit across Canada and the U.S. I really wanted to do this in a Buzz. VW has rendered that dream an impossibility. It's too bad they chose such a ludicrously low range on a car that is meant to be a 'lifestyle' vehicle. I'd almost thought it was a joke or a misprint when I read that the max range was 377kms. What a waste of effort on VWs part. Such a seemingly great vehicle with not enough range for me to really go anywhere with it. Do they so grossly misread the target market with other models? Ah well, time to find another dream vehicle to go camping across Canada and the U.S. in.

[@angusmcbagus]

I'm a regular guy that drives a Golf Plus and has two kids. EV fans should take notice that my car cost me 7.000 € when I bought it used. That's about how much some received in tax rebates alone for purchasing their EVs. If they hadn't been subsidized, who would bave bought them? I have other challenges than "choosing my EV ". I want an affordable vehicle that I can gas up and that I dont have to be forced and subsidized to purchase. EVs are for a niche, people who can afford them, let others pay for them and the required infrastructure and are true believers in them. Germany is burning more coal than ever to produce the power, great improvement. True believers simply ignore unwelcome realities. VW is going down hard due to senseless mandates for fleet emissions and non existent demand for their EVs. If everyone wanted EVs, they would have taken the market by storm without the mandates.

[@harveyhenry3598]

In Western Washington State there are ID.4’s everywhere you drive, same goes for California and Colorado I’m told. It is true that there are more Model Y’s but there is no shortage of VW-EV’s here. The disingenuous thing that is not being said here is that ID.4 sales were initially good in the first quarter of 2024 till the DOT put a stop sale on them pending a remedy that VW has yet come to satisfy. So hmm, why are VW-EV sales down…could it be because they are not currently allowed to be sold?

[@marvin3935]

Same in Europe. Here, they are holding back volume until new CO2 fleet targets kicking in (2025).

[@jow.6605]

This is very upsetting to hear. We have a 2023 ID.4 and we absolutely love it. We have driven 32000 Km with no problems, and will be very sad if the company goes under.

[@nknareshkumar]

I avoid Vw/skoda cars because of their transmission option. I prefer TC vs DSG for reliability. It's not like they don't have any

[@diljitjedi]

DSG are dog s*** gearboxes

[@diymicha2]

German here. I'm looking forward to purchase my Tesla Model 3 soon. I would never buy a German car nowadays. VW did a great job.... About 30 years ago. Then a steady decline. 😅

[@K7NGDAV7D]

Here’s a question though, how on earth did they manage to invest $5 billion into Rivian? I know big companies do crazy stuff for tax purposes. They could be gambling hoping for the 10x stock. Or maybe they know something we don’t?

[@richardfolden3860]

They’ve only invested 1 billion. That was a bargain to gain access to a competent software system. I would be very surprised if they gave any more money to them.

[@tesla_tap]

​@@richardfolden3860 - Trying to modify someone else's software to fit a totally different hardware platform does not bode well. I wish them luck, but I expect VW would be better off starting from scratch with a new team. Either approach is fraught with high risks.

[@richardfolden3860]

@@tesla_tap they’ve already lost billions doing it themselves. I think they made a logical choice but I think you are correct that it has little chance of success.

[@K7NGDAV7D]

@@richardfolden3860 Surely that’s still a lot of money to invest on the hopes of better software? It’s not autonomous vehicles they are making.

[@dave1704fornow]

@@K7NGDAV7D they lost it and grabbed any opportunity

[@DanielPysek]

And this is exactly the right time to pick up some shares :-)

[@_icscata_]

Why would you buy shares for a sinking boat?

[@DanielPysek]

@@_icscata_ Demand for EV is much more lower then expected, sales down. High probability of revocation of the ban to produce combustion engine in EU. Rivian have good technology and they are working together now. Leasing Company carry main part of the VW debt. Cash around 100 eur per shere. Ok, can go even under 50 euro with panic or next crisis, I like it, I would buy more call options. I can see big probability VW will be back some day :-)

[@dougm659]

The Chinese are relishing the opportunity to kick the Western car makers who have price gouged them for too long…the bloodbath will be epic!

[@StephenButlerOne]

Porsche evs have dived this year because every middle management employee got one 3 years ago, and now the pice of them 2nd hand is amazingly low, so fleet buyers wont touch them this time round.

[@ioannisdousmanis4025]

Friend.. even the employer's at this company's are egoists, believing they are hi class workers.....I work at Germany, I hear they conversations how they talk at cafeterias.... That's say's all.

[@malcolmwolfgram7414]

I just watched a video from a few years back when you said VW would be one of the car companies still standing. Things changed rapidly.

[@debeeriz]

ang they have a problem with their ev batteries that is going to cost millions in warranty claims. i woulkd not be buying vw shares ast the moment

[@ccooper8785]

Oh that is absolutely terrible news. Thank goodness it will not affect the production of Dacias such as mine. Hopefully German social security is actually as good as they always imply. Looking on the bright side, Germany will need to import less Rusky gas or burn less brown coal if VW lowers production.

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[@grtxyz4358]

I don’t think so. I still see loads of new Golf 8’s and T’roc’s driving around… now also more ID’s because they are now available on the second hand market. They just need to release a good ID2 and an EV T’roc.

[@vladimirgarcia9486]

Agree with most of your points, but in essence you are wrong. VW is not going to disappear. But also won’t’ve the juggernaut it use to be in the ICE world. Chinese EV automakers are going to be the dominant force in automotive world. Just matter of a couple of years to left Tesla behind. Elon has been smart on focusing on AI and FSD. That will mark the difference in the upcoming years.

[@richardfolden3860]

You provided zero reasons why Volkswagen will survive.

[@vladimirgarcia9486]

@@richardfolden3860 Fair point. There are several Technical, Economic and Geopolitical reasons, just to mention some: 1. At some point the biggest/best legacy automakers will catch up on technical side. They underestimated Tesla and the Chinese automaker and they will pay the price becoming a lot smaller than they used to be. It´s just the way technological challenges happen. For the smaller legacy automakers, most of them will disappear. 2. Chinese EVs are highly subsidized (all EV around the world are, regardless of their origin). At some point those subsidies will disappear or significantly reduced giving change to legacies to hold some market share. 3. Do you really thing developed countries will allow large manufacturers to disappear? Aside from the impact on the economy it will be a strategical failure to depend on vehicles from China.

[@richardfolden3860]

@@vladimirgarcia9486 I think by the time Volkswagen catches up to where Tesla is now, Tesla will be another decade ahead. Item 2 and item 3 are very confusing. Is it your thesis that China will not subsidize its industry, but Germany will?

[@vladimirgarcia9486]

@@richardfolden3860 Not really. In 5 years Tesla will still be at the forefront of technology and innovation but the gap will be significantly reduced from what it is today. It is just the natural process of a new technology maturing. Think on current ICE engines, there are some that are better than others, but overall they are quite comparable.

[@richardfolden3860]

@@vladimirgarcia9486 different times and different technology. There’s really only one car company that is profitable at this point making electric vehicles. There’s a huge difference between now and 100 years ago. After the assembly line concept there really wasn’t much innovation of consequence. It’s difficult to keep up with all of the improvements that Tesla makes, and they are driven by a guy that isn’t afraid to tear it all down and start from scratch if he thinks there’s a better way. No other car company is like that. You also have to factor in the very probable idea that people will not be buying cars at all for the most part. Why buy a Volkswagen when you can just call for a Robo taxi for $.20 a mile?

[@KurtGerster]

I can't tell about Q2 and Q3, but for Q1 the numbers are as followed: In the first quarter of 2024, the Volkswagen Group delivered 2.1 million vehicles worldwide, an increase of 3% compared to the previous year. The main growth drivers were China (+8%), South America (+14%) and North America (+5%)

[@STARFLEETC0MMAND]

Most Won't Give A Flying F, If These Companies Go Bankrupt For Producing Vehicles That Are Not Durable, Reliable and Inexpensive To Repair (After 300K Miles): VW, BMW, Mercedes, GM, Ford, Nissan, Renault, Chinese Vehicles, Etc.................. Customers Wants Are Simple: Durability, Reliability, Inexpensive Repairs.

[@JasbirSingh-zj1fg]

Only some customers want these things in a car. The rest say they want durability and reliability etc, but they buy the cars (and tech) that is being hyped in the media.

[@waynerussell6401]

Average life span of an ICE is 133k miles! Less than 1% of ICE get to 200k miles. (iSeeCars analyzed over 11.8 million cars sold in 2020). And then with ~ $10k in repairs and maintenance. (Consumer Reports 2015). Extensive data base of Teslas from the early Model S show 300-500k miles is typical (Dutch/Belgium survey). Model S has been shown to be an excellent taxi with examples of over 430k miles still running with fast charging and no maintenance. Drive trains have been tested past 500k miles and there are several companies offering million mile batteries (BYD, CATL). Tesla this month introduced the World to the dawn of Autonomy and circumventing most private vehicle purchases with 20c/mile safe and comfortable rides! None of the OEMs are up to beating that model...

[@Paul-b2s4j]

​@@waynerussell64011% doing 200k, i call bullshit. The only car i owned in the last 40 years that didn't make it was the one that got t-boned at 90k.

[@waynerussell6401]

A sample of ONE compared to 11.8 million! You do realize some OEMs have 200k clubs. If one of their cars gets there you can have a sticker to hold it together!

[@STARFLEETC0MMAND]

On My 1st Toyota, Got 500K Miles, On 2nd Toyota So Far Got 250K Miles, Usually Get Between 15-20 Years Out Of Each Vehicle.

[@billnipp]

Sam thanks for sharing info on VW

[@Suburp212]

It is time, VW and Ford and GM are replaced by better, newer companies.

[@SparkySho]

It’s inevitable

[@christopherhamilton5557]

I’m betting Ford makes it… Farley is smarter than the media lets on, and he and Elon are tight… Mary Barra is a joke. VW is too far gone. Their debt will eat them alive.

[@joehowe9532]

They are… It’s called Tesla! 😮.

[@kannolator4254]

@@joehowe9532❤

[@エラー-e7v]

@@Suburp212 one of these groups if not all may end up being taken over by a Chinese company or at least have joint partnerships. VW is 200bn in debt and over extended with its brands

[@Supernaut2000]

I have a Leaf so I am always looking to,spot fellow EV’s. Have NEVER seen a VW EV and I live in a city of over a million people.

[@elmojito]

I think you are missing some information when you just report net profit. When companies announce, like VW did, that they need to close factories and fire employees they will also take the expected writeoff's af asssets and the costs associated with firing/retiring employees and create a reserve placed on their balance sheet. Without analising that information the data is not complete and may paint a very different situation.

[@richardfolden3860]

Lol, yeah, it’s always a good sign if you have layoffs and factory closings.

[@larryc1616]

Makes no difference. The end is coming....

[@Rob_Dekker]

I love the ID.5 GTX. If you add options to make it more equal to an XPeng G6 for instance it’s over 20k euro more expensive 😕

[@danncorbit3623]

Save VW? Intelligent people want to save the planet and save money at the same time. That is called electric cars. The automakers and the petroleum industry want to see status quo go on forever and to heck with the planet and the people on it. The US and European auto makers made their beds and now they have to sleep in them. If the automakers cared about the people and/or the planet they would take steps that show that. Even from a purely financial standpoint, it is the electric vehicles that make sense. China will rule the world in automotive industrial power (with Tesla being a hybrid of US and Chinese industry). But the ICE automakers have nobody to blame other than themselves. Kodak invented the digital camera. But they were worried about their film sales. So they did not pursue it with effort until it was too late. Now Kodak has gone from $11 billion in 2005 to 1.2 million in 2022 (about ten thousand times less money). The ICE car industry is doing its best to replicate the path of Kodak.

[@babublue69]

Kodak is a us company and those take over it like apple also a us company ,here it is not like that ,taken by entire new country ,there is the problem ...

[@bobwallace9753]

@@babublue69 The digital camera market was largely non-US companies. The major digital camera brands are Japanese. But most of the film market has been taken over by cameras in smartphones made in China.

[@danncorbit3623]

@@babublue69 The photography industry was taken over by the famous USA companies: Canon, Nikon and Sony. No, wait, those companies are from Japan. The US companies are being punished for their lack of vision.

[@larryc1616]

​@@danncorbit3623and the auto industry will all be taken over by Tesla and Chinese ev manufacturers

[@lorenzboland3678]

I cant wait to comment on you channel as soon as vw made the turn

[@kaischmidt730]

being completely dishonest about their Diesel trickery has hurt all German brands. they were unable to owe up to it and restart, instead they steered their respective companies into legal quicksand.

[@Tailspin80]

Test drove an Audi Q3 last week. Not too impressed but when the salesman said delivery was 4 to 5 months that decided it.

[@peterpaul9320]

To be honest all cars manufacturers are in struggle and the Chinese ones are not earning money.

[@andrewboo8997]

In Italy the new Tiguan DSG 2.0 TDI 4motion is 56.000€ 🤌🏻🤌🏻🤌🏻. One of my neighbours payed his apartment 70.000€ with 3 bedrooms, 1 living room, 1 bathroom, 1 kitchen, two balconies and one garage (in the middle of Tuscany) Wtf are we talking about 🤌🏻😅

[@CarlosReghis]

We were so close buying their ICE veh but the emission scandal was the nail in the coffin 😢

[@johnmoulton9728]

I personally purchased around 10 new VW ‘s they frankly have now totally lost the plot and would never never buy one again

[@williambell12]

Love your productions mate. They would save money by not putting all that tech shit in their cars to. Love my golf mk7, but could do without all that crap. I never asked for it. But they insist in putting all that garbage in. And don't cheap out on the materials either. Keep up the good work. Cheers from a 67 year old, old skool Kiwi.🇳🇿👍

[@anthonybranco]

Electric cars are a good idea in some places but they are incredibly over priced in Canada.

[@richardfolden3860]

Maybe fix your corrupt government would help

[@peejayem4700]

Think outside the square. Near new, used, are bargains still with many years of warranty.

[@larryc1616]

Remove the tariffs and then the consumers can have affordable EV's

[@tPianist03]

That is a choice made for you by your government, who would rather have you suffer than support affordable EVs because they come from China

[@valtterivanhanen4271]

I recommend you watch the Hagerty’s latest video on VW’s situation. I think Jason had a really good view on it.

[@undisclosedthai]

Finished? It is not even start in Thailand and some countries. VW still has some chances to survives. Choose wisely, live well.(I meant to say that to VW.)

[@robroyle]

It’s not just China where German brands are collapsing. In South Africa the Chinese brands are taking over both internal combustion and EV. The quality at half the price cannot be ignored

[@stefanconstantinescu1576]

SAIC is negociating with VW to buy Audi ....

[@stevewhitmill2037]

Would not surprise me.

[@larryc1616]

Smart

[@santostv.]

It’s a joint venture from my understanding

[@markaxton2032]

I’m in Bangkok atm and saw the Xiaomi SU7. Amazing first effort. VW are in serious trouble.

[@saml4537]

Shame. The ID7 Tourer is a great car.

[@prjackson7802]

Great video

[@1m1r0z]

VW will survive, and it's not true that their EVs are not good. For example, Skoda Eniaq looks great, offers good value. There are other examples too

[@oggyoggy1299]

They’ll not survive. And their EVs are shit.

[@1m1r0z]

@@oggyoggy1299 which VW group EVs do you own and drive?

[@orangefree9]

In China, ID3 sells at 120k Chinese Yuan, which is about 15k Euros.

[@ivantang1405]

They deserve consequences date back to the diesel gate.

[@BarryGGould]

the only vw i really want is the id buzz but its too expensive

[@ChicagoBob123]

VW might be shocked that no one wants their piss poor EVs work nice seats. The software mediocre. Charging is so slow. Heat pump ignored. Hows model Y doing on Europe? Pretty good I've heard