Unions and VW begin negotiations as cuts and factory closures loom | DW News

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Күн бұрын

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@reneprovosty7032
@reneprovosty7032 Ай бұрын
if your product is not selling then something needs to change.
@conceptuallyugly530
@conceptuallyugly530 Ай бұрын
They still in the ear of thud sound- door closing.
@ignorasmus
@ignorasmus Ай бұрын
Low sales is a factor but not the primary problem here. Bigger issue is difference in cost of production in China vs Germany.
@reneprovosty7032
@reneprovosty7032 Ай бұрын
@@ignorasmus I agree but you cannot in this age expect lifetime employment with good wages as your nation makes unrealistic energy policy.
@OOyouiweOO
@OOyouiweOO Ай бұрын
Цену на газ и другие ресурсы? из России стабильно без сюрпризов 70 лет получали ресурсы - и зажрались от сытой жизни.
@nukiolbartes6279
@nukiolbartes6279 Ай бұрын
The question is : who is at fault? Those who design or those who produce?
@brandstof6601
@brandstof6601 Ай бұрын
This feels like a replay of UK car industry collapse
@adiintel1
@adiintel1 Ай бұрын
leyland?
@salvinsam
@salvinsam Ай бұрын
At least we have free healthcare in Germany
@mx338
@mx338 Ай бұрын
@@salvinsam the UK has free healthcare too, they in fact have a better system than in Germany because it's entirely state run, it's just underfunded, but that's also the case in Germany, but the UKs system still works far more efficiently.
@gordonnorris4202
@gordonnorris4202 Ай бұрын
@@salvinsam for now...when the domino will start collapsing, things will start worsening
@daveb2226
@daveb2226 Ай бұрын
@@mx338you’re having a laugh…. We have the most bloated and inefficient healthcare system in the world.
@herman9255
@herman9255 Ай бұрын
For what BYD has done, VW surely can too, but it takes determination. 15 years ago BYD was only making batteries for Nokia. But BYD''s Mr. Wang only wears worker's jacket and has lunch at the worker's canteen everyday. There is no executive canteen there.
@oguzkaanklc2014
@oguzkaanklc2014 Ай бұрын
+9999 Asyalılar daha medeni insanlar.
@kiblerjuergen5247
@kiblerjuergen5247 Ай бұрын
“Putting on a worker’s jacket and having lunch at the canteen” could also mean he’s a good actor and a media manipulator.
@heart-of-people
@heart-of-people Ай бұрын
@@kiblerjuergen5247General Romel also ate and sleep like most solders.
@behemoththekitty
@behemoththekitty Ай бұрын
German worker unions have always prefered to bargain for better job security over higher wages but got neither in the end. Some labor historians argue that unions should alway prioritize bargaining for higher wages because no buissnes can truly promise job security. Seems that they're in the right .
@aleserban9322
@aleserban9322 Ай бұрын
Ukraine blown up North stream.. so the EU lost gas and cheap natural resources (from RUssian FEderatin)., so it is end of economical prosperity. , sorry EU sorry..
@JeffParr-cf4ru
@JeffParr-cf4ru Ай бұрын
@@aleserban9322 How's weather in Russia. ;)
@nguyep4
@nguyep4 Ай бұрын
​@aleserban9322 lol Russia is economically in ruin but oh wait.. it is thriving, right? Lol
@Andrew-nu8ez
@Andrew-nu8ez Ай бұрын
Union think they are the boss. How can you ask for higher pay when they are going to unemploy. The employees should help the company with a reduced wage to keep everyone employed just like what Cathay Pacific did in Hong Kong. A job with less payb is better than no job with -100% raise. Remember, YOU ARE NOT THE BOSS.
@nguyep4
@nguyep4 Ай бұрын
@@behemoththekitty Higher wages will increase the price of their vehicle then you would complain how the worker can't buy the car they built.
@Erik-rp1hi
@Erik-rp1hi Ай бұрын
Detroit has its rust belt so will Germany. People with have to be retrained.
@timanderson8833
@timanderson8833 Ай бұрын
You both did well to explain a complicated situation, in simple enough terms, while remaining factual. Thank you. You might have mentioned the VW president that was trying to prepare for today, but ousted by shareholders/management just a few years ago.
@barriewhiteley1692
@barriewhiteley1692 Ай бұрын
No one will have a job with that attitude think British Leland in UK
@YalokIy
@YalokIy Ай бұрын
The latest VW cars have had poor sales. Why? Because of poor design (e.g. golf mk8, id3) coming from bad management decisions: annoying touch controls, cheap materials, laggy software, bad reliability record, poor efficiency, high price.
@ahahaxddxdd9825
@ahahaxddxdd9825 Ай бұрын
Экономят на всем, кошмар какой
@Ummo2850
@Ummo2850 Ай бұрын
That is so. Management was doing politics and burnt their fingers. Bad decisions. Bad designing for an instant not quality oriented. Charge management for leading to the demise. The cars don’t reliable like original
@NihilNovi
@NihilNovi Ай бұрын
Until recently I worked in relation to the IT infrastructure of VW. That corporation is an absolute clusterf**k on all levels.
@mradventurer8104
@mradventurer8104 Ай бұрын
What does this mean? This is not sharing of information it's just swearing bro.
@em..4517
@em..4517 Ай бұрын
I agree
@darshilshah7979
@darshilshah7979 Ай бұрын
this must be CARIAD🤣🤣🤣🤣
@em..4517
@em..4517 Ай бұрын
@@darshilshah7979 that's another story ahahaha
@salvinsam
@salvinsam Ай бұрын
Who cares! At least we have free healthcare in Germany
@althyk
@althyk Ай бұрын
This is how you dig your own grave.
@Jokeniv
@Jokeniv Ай бұрын
Yes and it spells EV'bubble
@patrickstar686
@patrickstar686 Ай бұрын
Maybe the Vorstand should stop paying bonuses and 1000x salaries compared to normal workers if they can't do their job right and ran the company into ruin, eh?
@althyk
@althyk Ай бұрын
@@patrickstar686 you are right. employees should strike to make their companies efficient, so asking a change in leadership is good. is this the case?
@patrickstar686
@patrickstar686 Ай бұрын
@@althyk would the boss hesitate to throw out an employee that clearly cant do their job? is this the case?
@Jeff.55649
@Jeff.55649 Ай бұрын
@@Jokeniv Nah, EVs are here to stay, once you go EV you will never drive a loud, slow fossil car again.
@lorenzonewhouse6552
@lorenzonewhouse6552 Ай бұрын
Also VW quality has gone down the tubes here in U. S. As well as other German makes. To expensive and ain’t worth the price. Very bad recipe.
@synooi6613
@synooi6613 Ай бұрын
German’s cars have never been well known for reliability. We still owning one VW and one Mercedes, these cars always have small problems and need regular visits to workshop. Our next cars probably will be Chinese made cars as there are not only cheaper, more reliable but also fun to drive
@bartoski-ag
@bartoski-ag Ай бұрын
good luck with that 😂​@@synooi6613
@samlatooni
@samlatooni Ай бұрын
Too much pride, too less work!
@orbetobe
@orbetobe Ай бұрын
VW intoxicated millions of people. including myself. employees didn't protest back then. i don't care about them now. no VW for me again. ever.
@Smudgie
@Smudgie Ай бұрын
Why don't they just fix the battery range statistics on their EV's?
@AuralioCabal
@AuralioCabal Ай бұрын
More important ; FIX THE F-ing SOFTWARE?🤔
@dcasteaux9181
@dcasteaux9181 Ай бұрын
I think you’ll find they have already ‘fixed’ their EV battery range statistics 🤣
@Smudgie
@Smudgie Ай бұрын
@@dcasteaux9181 That was my meaning behind the word "fix". They have a history.
@ev.c6
@ev.c6 Ай бұрын
😂
@ev.c6
@ev.c6 Ай бұрын
They have experience. Just like they “fixed” those diesel cars.
@NicMediaDesign
@NicMediaDesign Ай бұрын
VW needs to switch to lower margin but higher volume EV models. Bring out a 15000€ EV with 300km range and you are golden. 😊
@hydrotricine
@hydrotricine Ай бұрын
They make zero profit as it is, what they should have done was to invest in a 100% ev platform in 2016 after the Dieselgate and when Tesla launched the model 3, they laughed about it with their diesel profits, now who laughs last?
@Jokeniv
@Jokeniv Ай бұрын
The ev market is stagnant. It's not the future. Diesel and gas will never go away
@patrickstar686
@patrickstar686 Ай бұрын
@Jokeniv muh car go wrooom
@myspace1876
@myspace1876 Ай бұрын
​@@JokenivNASA had made an external combustion engine in 1980's or so. All sort of fuel can be used in it. Someone will digg up that technology again and it will put an end to diesel and petrol. Maybe we will be using biodiesel or ethanol in future.
@hkonhelgesen
@hkonhelgesen Ай бұрын
ID.1 is on the way. But will it come to Europe?
@deesiInGermany
@deesiInGermany Ай бұрын
Our company in Nuremberg are also gng to do big job cuts. WC already shared social plan
@bioloungetech3654
@bioloungetech3654 Ай бұрын
No innovation, no new latest technologies with Volkswagen cars then why should I spend my valuable money on these expensive Volkswagen cars instead I will go only for more innovative and cheap Chinese cars. I don’t care of German big auto badge or emblems.
@Jeff.55649
@Jeff.55649 Ай бұрын
Aha, the kings of copying western companies, innovations? 🤣🤣
@bioloungetech3654
@bioloungetech3654 Ай бұрын
@@Jeff.55649 Chinese auto companies are front runners in advanced battery technology, AI integration and data driven development. German auto companies are still living in the 19th century. Only thing they are doing is increasing the cost of their cars due to their old badges or emblems.
@GreenOliveBranch
@GreenOliveBranch Ай бұрын
to be honest many people prefer proper cars with reasonable cost and range to drive. According to the latest market research, Chinese prefer more tech stuff in their cars, bizarrely features like karaoke. on the other hand Europeans prefer more cost efficient and reliability. VW and other European manufacturers are far away from these. if you look at warranty of Asian manufacturers (10 vs 3 years) any reasonable person would pick the more reliable option.
@bioloungetech3654
@bioloungetech3654 Ай бұрын
@@GreenOliveBranch if European cars are more reliable then why don’t they have the guts to provide warranty more than 3yrs, which explains a lot.
@gregorymalchuk272
@gregorymalchuk272 Ай бұрын
​@@bioloungetech3654 We don't want AI in our cars. The only computer I want in my car controls the duty cycle on a fuel injector or controls a motor driver.
@frankhalsey-y4c
@frankhalsey-y4c Ай бұрын
Once upon a time a man in Germany had a dream for an affordable people's car for every German. Keep this man's dream alive.
@ppckrtt
@ppckrtt Ай бұрын
The failure was made long ago. By not adjusting too large capacities in time and by sleeping through the switch to EV's and the digital revolution in cars. Now the market - as it usually does - regulates is. Whining and antics about the boom during the times of the combustion engine will not help.
@Jokeniv
@Jokeniv Ай бұрын
They went too deep with Ev. The market is not growing, so they should go all in with diesel and gas cars, that's is were the future profits are. Just look at Toyota.
@ppckrtt
@ppckrtt Ай бұрын
@@Jokeniv Absolute nonsense. Our overlaying problem is climate change. Simply put: If it is too hot to live, there will be no economy and nobody who will need cars, no matter which engine. The reasonable solution, at least with cars, is EVs. Today's profits pale in the face of the cost of not reacting, if you need an economic argument to start thinking about it.
@aleserban9322
@aleserban9322 Ай бұрын
the EU lost cheap natural resources (from RUssian FEderatin)., so end of economical prosperity .
@ppckrtt
@ppckrtt Ай бұрын
@@aleserban9322 No problem. the Russian resources can be replaced within a reasonable time-frame. Russia in turn lost it's narrative to be a peaceful nation. Takes minimum a generation to be mitigated.
@aleserban9322
@aleserban9322 Ай бұрын
@@ppckrtt Russia just defend against NATO encirclement , that is USA proxy war vs. Russia . Russia has already new markets and states of BRICS and Eurasia, Global south growing. But west declining.
@stainlessfrenky
@stainlessfrenky Ай бұрын
Without chip energy you have expensive production, its logic.
@RainFS1
@RainFS1 Ай бұрын
German workers work shorter hours than in the US or Japan, and are guaranteed long vacations. Their hourly wages are among the highest in the world, and their social security benefits, such as pensions, are also among the highest in the world. To support this, German companies pay a lot of taxes. After the end of the Cold War, Germany became friendly with Russia, and later received cheap natural gas supplies through Nord Stream, which allowed them to keep energy prices low. No matter how you imagine, costs other than energy are very high, so it's natural that products made in Germany are very expensive. With the international environment changing and energy and prices soaring, even a child can understand that it's not easy to continue production in Germany under the same conditions. It's impossible now to produce in Germany anything other than products sold to very wealthy people, like Mercedes' Maybach and Bentley.
@おす-qz7kp
@おす-qz7kp Ай бұрын
And Bentley is not even built in Germany
@ma-li3935
@ma-li3935 24 күн бұрын
Too true, they just don't want to put the effort in there work place, just want more leisure time, "something for nothing" there is no free lunch. they will follow the way of British Leyland in the UK and Auto manufacturing in Australia
@vadergrd
@vadergrd Ай бұрын
vw prices kept up with inflation but the income of the people did not!
@rhythmandacoustics
@rhythmandacoustics Ай бұрын
What if VW gets bankrupt? Will it get replaced by another German manufacturer or will VW gets owned by the Chinese ?
@jogana6909
@jogana6909 Ай бұрын
The global automobile manufacturers are in surplus. If VW disappears, there will be no impact.
@jackbleiham8475
@jackbleiham8475 Ай бұрын
Not to worry, someone will purchase the company for one dollar wait, not a dollar, but a euro and carry on with a clean slate
@kreight_
@kreight_ Ай бұрын
They’re still quite profitable, the issue is their outlook, especially with regard to the Chinese market
@BruceJ999
@BruceJ999 Ай бұрын
​@@kreight_No they are not ,they are in debt and loosing the market to the Ch1nese..What are stuff are you taking?
@Masterrunescapeer
@Masterrunescapeer Ай бұрын
​@@BruceJ999 that's wrong, their Q1 2024 still has a 4.6bn EUR operating result (this after Q1 negative valuation). These cost cuts are to bring down employee count as they have quite a bloated staff count (especially as EV requires fewer parts/less staff, though volume might make up for this), overall this is to bring the profit margin up and probably isn't actually really needed unless they want to pursue "infinite growth" rather than just going this is basically market saturation for VW.
@edwardkon939
@edwardkon939 Ай бұрын
The firing of former ceo Herbert Diess has returned to haunt VW as they kicked the can down the down in regards to electrification. Presently, they are trapped between a rock ICE technology) and a hard place (EVs).
@ladare19
@ladare19 Ай бұрын
Yes the problem is caused by the management (higher ups) for making very bad decisions especially with Dieselgate, unrealistic concepts, lack of investment in UI and investing more on their expensive brands which only a very few percentage buys it (Audi, Porsche, Lamborghini, Bentley and Bugatti). Instead of investing more on these brands they need to invest on their own brand, Skoda, Cupra as they sell more in numbers and also can be affordable. Also at this time the workers should not demand for the 7% raise and focus more on job security.
@rsalzburger
@rsalzburger Ай бұрын
they stopped selling the Golf in the US and won't sell some models here, lots of lost sales
@Rudenbehr
@Rudenbehr Ай бұрын
vw was never that popular here
@mx338
@mx338 Ай бұрын
@@Rudenbehr that's so obviously false.
@jaunt3603
@jaunt3603 Ай бұрын
@@mx338 They're ranked number 10 with 3.6 market share in 2022.
@chrislim7976
@chrislim7976 Ай бұрын
​@@mx338 That's not false at all. Global sales has US as one of the weakest numbers. It has been an issue for decades.
@dougtheviking6503
@dougtheviking6503 Ай бұрын
Bring back the original VW bug. A Car people can afford
@pr1stvan
@pr1stvan Ай бұрын
But they lobbied for safety laws that prevent a car like that.
@jogana6909
@jogana6909 Ай бұрын
CEO hates all cheap models because it will worsen VW's financial situation.
@connorfitzgerald640
@connorfitzgerald640 Ай бұрын
Excellent reporting by Marie Sina - very well spoken and effectively communicated!
@mitchtoeroek2085
@mitchtoeroek2085 Ай бұрын
If employees are so upset about decisions management have made where were the outcry’s prior to this? Unions are out of touch in the manufacturing game. People always deserve a good wage but VW are tanking and they want a 7% pay rise??? Many manufacturing jobs will be replaced by robots. Time to re-skill people and look at jobs in other fields. This happened in Australian vehicle manufacturing, unions push wages up, the car companies here lost market share to newer vehicles/manufacturers unions kept pushing wages up, companies become unsustainable, companies close. It’s business, nothing is forever. It’s sad but it’s true. Business is evolving at a rapid rate in this day and age there will be many huge companies in the future that disappear or are shells of their former self.
@mrclamg
@mrclamg Ай бұрын
You explained the situation really bad. There is no demand for EVs except in China. The problem is that German car makers have invested in EV capabilities and it turn out, that many consumers in the EU and US are not interested in that. You are not mentioned this fact in this story because you the fact that you want to push the EV storyline.
@tomw8418
@tomw8418 Ай бұрын
Less demand for German cars. Stop shoving EVs down our throats then the demand will come back. Unions should be pointing the fingers at governments not manufacturers. Manufacturers hands are tied because of gov policies.
@stephenkeen6044
@stephenkeen6044 Ай бұрын
7% IS too much. But yes, poor management and decision-making is to blame. They overextended on EV's and stopped selling their smaller affordable models in many European markets, among many other quality drops, etc... None of this was difficult to predict. They're big enough to ride this out, but they have to close some EV factories and re-introduce the smaller cars. Doesn't help that none of the new models are visually interesting or distinct, they are being beaten in design by Hyundai, for instance.
@jogana6909
@jogana6909 Ай бұрын
7% is NOT too much
@kreight_
@kreight_ Ай бұрын
How is 7% too much if CPI is up 20% over the 5 last years?
@stephenkeen6044
@stephenkeen6044 Ай бұрын
@@kreight_ Base fact: The company is losing money and 7% is too much as a single step broad wage increase. Especially considering they likely have union-negotiated annual increases already. They most certainly have had other increases over the last 5 years. Now I do think that the best move for VW would be to invest in their workforce (but in a more personal manner, not just a broad percentage increase) and promote innovation from within the company, spend more on good analysis and R&D and bring back the smaller affordable models to European markets. Want people want from VW are reliable, good quality, IC and hybrid vehicles at a "value-for-money" price point, something VW has had a reputation for delivering in the smaller car market especially. Selling EV's to China just doesn't make business sense, neither does dropping every vehicle smaller than the Golf (and it doesn't help that the latest iterations of that model are not attractive or distinct, like they have been in the past).
@mistermood4164
@mistermood4164 Ай бұрын
Nah the opposite is true VW should’ve invested in EVs earlier now they’ll lose their market share in China
@stephenkeen6044
@stephenkeen6044 Ай бұрын
@@mistermood4164 You're going to have to back that up with some good data, mate. The EV market in EU was overestimated, demand is shrinking (for all EVs, not just VWs, interesting how the mainstream media seems to consistently misrepresent this data, but when you research it yourself you can see this clearly) and European companies can't compete in the Chinese market (local companies will always be able to undercut them). They misread the market completely.
@LpG88
@LpG88 Ай бұрын
7% pay rise is very high. In Sweden Metall union ask for 3% because they dont want to drive inflation up.
@Veggieture
@Veggieture Ай бұрын
Cost of living in Germany has gone up about 10%.
@jogana6909
@jogana6909 Ай бұрын
It is shameless to refuse to give workers a raise for fear of inflation. Workers just need money to pay rent and food.
@iFryTube
@iFryTube Ай бұрын
You work for big business, dont you? 😂😂😂 Ford introduced 33% payraise with full insurance for workers and families. You can pick that apart, cope all you want with that but there retention rate is massively better due to UAW having great lawyers that achieve far more than 3%. That's why there are more STEM workers moving to America than the entire continent of Europe combined. Copium, go for it "but but mass shootings, health care expensive" yet the majority that make it to America stay for life.
@janlanik2660
@janlanik2660 Ай бұрын
That’s genius! Tomorrow I ask my boss to cut my salary to reduce inflation 😂 👍👌🙈🙈🙈
@Jeff.55649
@Jeff.55649 Ай бұрын
@@Veggieture Shouldn't have closed all nuclear power plants, maybe?
@Tema-k2l
@Tema-k2l Ай бұрын
The CEO of Volkswagen salary in 2023 was 14.86 million Euro (16 78 million Dollar), A single employee at VW gets this amount and growing every year. What about the mass factory workers?
@rikiieiam
@rikiieiam Ай бұрын
U cannot compare a standard employee to a ceo. Its a huge company considering the size it is not a huge wage. Dont comment if ur knowledge is is shallow. Especially knowing the german taxes. Plus thats whats written on the internet. You actually dont know how much he really receives. Pls inform yourself before yapping
@TheLordexilius
@TheLordexilius Ай бұрын
The CEO of Stellantis got twice this amount and he is even more incompetent.
@lecuyermarcandre
@lecuyermarcandre Ай бұрын
​@@rikiieiam he has a point though. The ratio of CEO-to-typical-worker compensation was 399-to-1 in average in 2022; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989. So the CEO of companies are making a lot more money than before compared to the general population. This should stop. It doesn't mean that they all do it that it makes sense. Worse is that if the companies' value is lowering they still vote themselves big pay raise.
@doubletopping
@doubletopping Ай бұрын
​@@lecuyermarcandrei agree he has a point. But important thing is they are closing factory. There is no point in stike if factory is closing
@utlord
@utlord Ай бұрын
@@rikiieiam CEO is so good, that VW is closing its factories, wtf are you talking about? the dude gets that salary and makes the VW lose money, 0 accountability.
@Jeff.55649
@Jeff.55649 Ай бұрын
This might not be a bad thing in the long run, once and while massive companies need to rethink their strategies. I will always choose western made products before anything else.
@mikofi
@mikofi Ай бұрын
I don’t get it. The company is going down, the cars are too expensive, their quality fell down, the reliability is far from what it used to be. Why work for a company that is falling apart? Even if the factories stay open and keep their staff it will last for one more decade at best.
@lwwells
@lwwells Ай бұрын
VW will be Chinese in the next 5 years.
@benf3996
@benf3996 Ай бұрын
They should just cut the salaries of those “management” people. OR consult with Carlos Ghosn.
@bigbossrider
@bigbossrider Ай бұрын
I find the new VW (specifically VW) models are either too expensive or there is a better alternative even within VAG group, not even considering other competitors. Like why would I pay 32K eur for Golf (Goal or Style), when I can pay 35K Eur for Audi A3 (S line or Advanced) or get a little bit cheaper Skoda Octavia or Seat Leon, same platform anyway.
@Just-SomeGuy
@Just-SomeGuy Ай бұрын
The workers complaining they are not getting this or that and wanting to be paid more. Well good luck with that as the company is failing so giving more money to workers is just going to make things worse. Easy for the workers to blame management but they are not the ones making the tough decisions. Could they have done any better? That’s not to say management couldn’t have made better decisions, but when you are competing against China whose government have heavily subsidised the production of EVs to the point of it being non sustainable, it’s difficult to compete. Sure VW have been a bit slow to react to change but with how China has unrealistically priced it’s EVs, it’s not a level playing field. China is happy to cut corners or heavily subsidise products but always at the cost of working conditions/wages or the environment.
@sidvars
@sidvars Ай бұрын
Imagine someone comes out of that door and tells her, ' Ruhe bitte!!' (silence please)
@aeromtb2468
@aeromtb2468 Ай бұрын
close the plants or 20-30% cut in pay? dont blame the management everyone involved is to blame. all were complacent.
@merrick6484
@merrick6484 Ай бұрын
When you focus on building a "3G Nokia phones" in todays market, then you know you will be out of market in no time. Any of the workers still using Nokia Phone? No one. Any one buying old school VW cars? No one.
@alexer071
@alexer071 Ай бұрын
Reduce the price.
@aleci551
@aleci551 Ай бұрын
I'm not sure that electric vehicles are the entire problem. From what I hear, at least in Europe, there’s difficulty getting them sold, and it's not just European-made electric vehicles struggling to sell in the European market.
@AbsolutelyFabulous3
@AbsolutelyFabulous3 Ай бұрын
Yes, Porsche please
@samlatooni
@samlatooni Ай бұрын
Porsche is next!...........
@AbsolutelyFabulous3
@AbsolutelyFabulous3 Ай бұрын
@@samlatooni I can’t really settle for anything less
@DavidBonod87
@DavidBonod87 Ай бұрын
still do not understand why they are blaming VW focusing on combustion engines for long. Chinese carmakers are still putting significant R&D money in the development of combustion engines including diesel engines too...
@AnotherMartinez
@AnotherMartinez Ай бұрын
Clearly, what the Union wants is to drive all costs cuts off shore for a short term job protection with complete disregard to the stock price … let’s see how this strategy is going to play out
@driventomadness117
@driventomadness117 Ай бұрын
Lets not forget the €30 billion in share buybacks over the last 6 years. There's no need to close the factories.
@atrociousliar3314
@atrociousliar3314 Ай бұрын
The cars are too expensive and the management team make bad decisions and take too much money. Bye bye VW.
@rodriza69
@rodriza69 Ай бұрын
If I remember correctly, these are the same unions that participated with Porsche representatives in removing Herbert Diess two years ago, who was making the electric transition because of what was coming with the Chinese?
@Andy-cx1jh
@Andy-cx1jh Ай бұрын
this journalist...gosh she's brilliant
@gregorymalchuk272
@gregorymalchuk272 Ай бұрын
Gemrany banned cheap energy and is now deindustrializing. They have already lost 20% of their industry.
@Limonata6
@Limonata6 Ай бұрын
I totally agree that the management has slept on the wheel while Chinese and American carmakers emerged in less than a decade. I am astonished that nobody in the management accepts the error and is stepping down.
@AuralioCabal
@AuralioCabal Ай бұрын
VW former CEO said that VW took 30 hours to make a car vs Tesla that does a car in 12 hrs. Then VW fired CEO Diess for telling the Board that VW has to be competitive.😂🤣LOL
@Jonas-sw8mj
@Jonas-sw8mj Ай бұрын
Impressive how fast you sink. Great politicians 👏
@elektrokatzer
@elektrokatzer Ай бұрын
The cars are the problem.
@daweigo6851
@daweigo6851 Ай бұрын
Nothing to do with polictians
@stefan2796
@stefan2796 Ай бұрын
Bad management and hollow marketing bla bla did the job. It has nothing to do with politicians.
@Jonas-sw8mj
@Jonas-sw8mj Ай бұрын
@stefan2796 sure, productivity down and energy prices quadrupled. That wasn't a political choice? Millions of no-skilled immigrants is not a political choice? You have elected your own downfall, enjoy
@Jonas-sw8mj
@Jonas-sw8mj Ай бұрын
@elektrokatzer the cost of production is the problem, not the cars. Manpower is your next problem. But it seems you made a choice to transition to a low skilled low wage economy. You've made your bed mate, now you sleep in it.
@j.lietka9406
@j.lietka9406 Ай бұрын
This is hard news to hear. Thank you ladies ❤️❤️🌹🌹😉😉
@HL-uw7fk
@HL-uw7fk Ай бұрын
Sadly people can protest all they want, if car does not sell, there will be no company. Mgmt of VW has history of bad decisions and there is no quick fix. Price will be measured in few factories, 10k’s of people being laid off and much more. Lowering prices does not help them as their operational costs are too high. Living on old fame is not viable.
@danield7789
@danield7789 Ай бұрын
7% ? 😂
@merrick6484
@merrick6484 Ай бұрын
VW is about to go bankcrupt, yet workers still ask for 7% increase? They will be lucky even just to keep their jobs for few more years, they should take a salary cut to stay alive.
@hybridguy8612
@hybridguy8612 Ай бұрын
@@merrick6484may be last increase 😂😂
@lukehero84
@lukehero84 Ай бұрын
Thank you for the excellent fact based reporting
@rl7586
@rl7586 Ай бұрын
The Quality is not there anymore ! Look first at Mercedes Greetings from Australia 🇦🇺
@hmbro3236
@hmbro3236 Ай бұрын
Lol, people saying EVs are the reason.... Yeah because VW isn't taking it seriously. Plug in hybrids and BEVs are more than half of new cars sold now, with BEVs being about 1/3 of all new car sales. They are switching to EVs rapidly, so if VW and legacy auto in general want to maintain profits then they need to take EVs seriously because China doesn't want their gas cars anymore.
@steveosworld
@steveosworld Ай бұрын
Folksvagen* Talk about being tone deaf. Asking for a raise when their jobs are at stake. Balls of steel or career suicide?
@uw0tm838
@uw0tm838 Ай бұрын
Didn't they recently promise not to close factories?
@FrankLowe1949
@FrankLowe1949 Ай бұрын
Just when you thought you had everybody by the balls and was indestructible comes around a company whose name starts with a T.😂😂
@enissay9950
@enissay9950 Ай бұрын
Times have changes and it is irreversible. It is impossible for vw since a while to produce competitive, cheap cars. And to make things worse, they suck at following the new trend with electric techy cars like the Chinese ones. The only way forward is to first relocate to cheaper cost markets and by some miracle try to catch-up on their regarding evs. Not guaranteed it will work but it will probably buy a few more years xD
@gordonnorris4202
@gordonnorris4202 Ай бұрын
VW will probaly follow Nokia's fate. Shame because in the past they were really making very good cars.
@V4mpyrZ
@V4mpyrZ Ай бұрын
Just fire all the top management. They made the bad decisions, not the workers.
@vx9636
@vx9636 Ай бұрын
Assume they are all fired tomorrow, and then?
@V4mpyrZ
@V4mpyrZ Ай бұрын
@@vx9636 the point is that they should expect personal consequences for bad decisions, then maybe the next ones think a little bit more. Or maybe we stop putting finance people at the head of technology companies
@vx9636
@vx9636 Ай бұрын
@@V4mpyrZ It's not just because of their mistakes I guess. Everything is much more expensive now. It's natural that all products made in German will be less competitive. The true problem is the high cost didn't bring better product.
@V4mpyrZ
@V4mpyrZ Ай бұрын
@@vx9636 well, they're making cars that no one wants because they're focused on delivering a worse product that was designed to maximise profit, not address the customers needs. The last twenty years were a race to the bottom for many manufacturers, not trying to deliver better products, but trying to get away with the lowest possible quality before people stop buying. Now people are stopping buying. *Insert shocked Pikachu meme*
@colinyuan5404
@colinyuan5404 Ай бұрын
VW said China is most important market, but it can't persuade German government to not sending military ships around China, so I guess, VW doesn't have much power in German government as well
@1drun1
@1drun1 Ай бұрын
I want a hybrid VW, not an EV one.
@Zero4Infinitives
@Zero4Infinitives Ай бұрын
No wonder no one buys them, the quality was really bad in the last ten years. Parts are really expensive but their quality is poor. Fixing anything on these newer cars is really expensive also. People got fed up with all this sh t. Cars got more expensive but their quality went down the drain and here we are.
@davidlynch9049
@davidlynch9049 Ай бұрын
The unions are far too powerful here and only care about themselves.
@FrederikAbramson
@FrederikAbramson Ай бұрын
Detroit, Unions, the same story in Germany unfortunately
@tomw8418
@tomw8418 Ай бұрын
Government policies are to blame, not German manufacturers. Unions are picking fights with the wrong people. Point the finger at gov... not the manufacturers.
@mity521
@mity521 Ай бұрын
Stone age minded old German bosses are root cause of Germany's downfall 😂
@daweigo6851
@daweigo6851 Ай бұрын
Poor dealer servicd and quality issues pushes a lot of buyers away
@dougtheviking6503
@dougtheviking6503 Ай бұрын
Bad management some bad engineering decisions. Plus rising coast of cars. If you cant make something that runs for 200+thousand miles with just regular service its not worth it .
@aleserban9322
@aleserban9322 Ай бұрын
reason, because of Germany lost cheap natural resources (GAS, cheap precious metals, raw materials...) on the input of production. So no competitiveness as Russia will sell that to other states like China and also USa
@SolomonSunder
@SolomonSunder Ай бұрын
@@aleserban9322 This was an issue since a while right before Dieselgate. Russian gas played a very minor role there.
@aleserban9322
@aleserban9322 Ай бұрын
@@SolomonSunder dream on, look GErmany economy unhealthy, hyperinflation (also in my country near it) no natural resources.... USA needed it to weaken RUssia and Europe., so that prolong their hegemony.
@aleserban9322
@aleserban9322 Ай бұрын
​@@SolomonSunder so why German economy and my country near it has hyperinflation. USA wakened by this proxy war us and you to prolong their dying hegemony....sorry.
@JanNowak-q7m
@JanNowak-q7m 28 күн бұрын
There is nothing in actual VW offer people want to buy. And VW doesn't care. So do I.
@sandybeach3576
@sandybeach3576 Ай бұрын
Strike
@Its.all.a.game.m8
@Its.all.a.game.m8 Ай бұрын
You’re blaming the wrong people. It’s not Vw, it’s not the unions. ITS THE GOVERNMENT !
@shintsu01
@shintsu01 Ай бұрын
intresting to see company that is about to fall and the employees ask for more so they can gut it quicker.
@adiintel1
@adiintel1 Ай бұрын
The ghosts of leyland have returned. :O
@everypitchcounts4875
@everypitchcounts4875 Ай бұрын
Electric vehicles have been around since 1900s
@michaeljohnson4947
@michaeljohnson4947 Ай бұрын
Germany regulated all of it's car companies out of business, with barely a whimper.
@askad7
@askad7 Ай бұрын
Sorry! Game over!
@devamjani8041
@devamjani8041 Ай бұрын
Volkswagen should move its production to India like many other successful automotive have. And leverage it to export around the world. India has manufacturing factories of all automative gaints, even those who have no presence in the Indian market. Because they use Indian production for exports. Like Ford which exited India in 2022 because it failed to grab a significant chunk of the Indian market, only to return in 2024 with the aim to use Indian production for exports and enter into the Indian market only when the time is right. Many others have successfully done this. Toyota, Maruti, Hyundai and the list goes on. VW is failing in china anyway and is having to close chinese factories. Why not do it preemtively ?
@ratedRblazin420
@ratedRblazin420 Ай бұрын
Good hopefully, VW closes for good.
@christopheredginton6242
@christopheredginton6242 Ай бұрын
All that will happen is the taxpayer/ EU will bail them out. Just like General Motors were bailed out and still owe that money. They are in trouble in the long run too. Their shares have just ranked.
@acz7915
@acz7915 Ай бұрын
Government bailout. Or workers likely to get bad deal....keep jobs but take a pay cut. All because management was asleep at the wheel, and government was subsidizing them for way too long.
@everypitchcounts4875
@everypitchcounts4875 Ай бұрын
VW needs to follow the business model of Arizona tea
@aeromtb2468
@aeromtb2468 Ай бұрын
dont blame china they telegraphed their intent to be a competitor 10 yrs ago.
@davidlynch9049
@davidlynch9049 Ай бұрын
No one is buying electric vehicles. They are significantly down worldwide, including Germany at 69,000 fewer buys than in previous years.
@JoanWayne-i1e
@JoanWayne-i1e Ай бұрын
"No one is buying electric vehicles. " Why is Germany worried then?
@jasonmugridge
@jasonmugridge Ай бұрын
@@JoanWayne-i1eand why’s the EU putting tariffs on the Chinese.
@hmbro3236
@hmbro3236 Ай бұрын
Lol no one is buying them? I guess that's why EV sales are up year over year. Or why Tesla Model Y was the best selling vehicle in the world and the EU, why pure EVs are now more than 33% of the Chinese market. Yup.... Not selling
@Jeff.55649
@Jeff.55649 Ай бұрын
No one? I just bought one. Much better to drive, quieter, faster and cheaper to drive.
@PeterCc5u
@PeterCc5u Ай бұрын
People buy Tesla and chineze EVs
@pioneervajo
@pioneervajo Ай бұрын
the push for EV's is hurting most carmakers, the average ppl DON'T want an ev
@jasonmugridge
@jasonmugridge Ай бұрын
VW sell the ID3 for €15,000 in China, do you think people would be interested in EV’s at that price.
@Jeff.55649
@Jeff.55649 Ай бұрын
I'm average and just bought one.
@mikafiltenborg7572
@mikafiltenborg7572 Ай бұрын
😂😂😂😂😂 Tesla model Y was the Best selling carmodel on planet Earth in year 2023
@Clint-stanley
@Clint-stanley Ай бұрын
Legacy has not taken new auto maker culture changes. Not only did they new makers go EV. They more importantly engineered the whole process of making vehicle from the ground up. Unfortunatley the workers will suffer as their leaders have not analyzed the situation and pivoted correctly. Tesla in Germany does not have a problem. Only legacy. China freely adopted Tesla's culture and is not looking back.
@lucasbastos10
@lucasbastos10 Ай бұрын
Funny, the company is in crisis, so the workers have to pay the price? Are the high ranking executives reducing their astronomical salaries? Are they investing in R&D and working on fixing their software issues instead of constantly whining about the Chinese?
@DrivenDIYer
@DrivenDIYer Ай бұрын
Green Politics, Ursula and Future of Europe in this Video
@as7773705
@as7773705 Ай бұрын
Marie Cena
@nckh7
@nckh7 Ай бұрын
Their cars are more expensive than Chinese cars , Small innovation and prices are higher than
@DwainDwight
@DwainDwight Ай бұрын
build products people want. EVs are 100% of the future. oh wait your CEO also thought that & then you fired him for it.
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