Volkswagen reveals huge pay cuts for all staff as profits fall 63%

  Рет қаралды 26,060

The Electric Viking

The Electric Viking

Күн бұрын

Пікірлер: 253
@electricviking
@electricviking 5 сағат бұрын
For free tickets to the show use this link and one of the promotion codes below (if one doesn't work you can try another one) electricviking2024, electricviking_sydneyevshow, electricvikingsunday (Sunday only) : www.futuredriveauto.au/syd/ev24/comp-tickets Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking
@raypalmer7733
@raypalmer7733 11 сағат бұрын
If they cut workers pay, then the CEO should get a 95% cut in bonuses and benefits along with the same salary cuts !
@enzoh7763
@enzoh7763 10 сағат бұрын
That sounds very fair . Or , they be paid same as shop floor average .
@SigFigNewton
@SigFigNewton 9 сағат бұрын
The current CEO is the person they hired to replace some weirdo who wanted to hasten an EV transition.
@SigFigNewton
@SigFigNewton 9 сағат бұрын
So this CEO really *is* symbolic of the company’s failings. He’s what they replaced possible success with
@FloydThePink
@FloydThePink 9 сағат бұрын
Pay cuts are for the riff raff. Ceo will still make millions. If not now, then later when people won't be as pi**ed off.
@dexlab7539
@dexlab7539 9 сағат бұрын
🤣🤣😂 wanna bet…never happen
@bladeni6378
@bladeni6378 11 сағат бұрын
They should not have fired Herbert Diess. Looking on and laughing.
@1flash3571
@1flash3571 7 сағат бұрын
The way the Company is structured, it would not have mattered. Only thing it would have done was to delay their downfall. Better to fall now and them waking up, or falling than to drag it out.
@zes7215
@zes7215 7 сағат бұрын
wr
@justicedemocrat9357
@justicedemocrat9357 52 минут бұрын
Who the hell is hebret diess?
@raydemos1181
@raydemos1181 12 сағат бұрын
a friend of mine had to have his engine pulled to change out a thermostat, on his late model vw forget German engineering
@FanBelt
@FanBelt 9 сағат бұрын
Nonsense. There are no VW engines, old or new, petrol or diesel, that need engine removal to change a thermostat. Most require removal of several items to gain access to the thermostat housing. The airbox, alternator, hoses, turbo hose, etc, but that’s all. You don’t have to pull the engine out.
@oceanwave4502
@oceanwave4502 2 сағат бұрын
German engineering: overpriced (thanks to 4-day workweek and the likes), over-engineering (thanks to being too conservative and an aging population because old people don't want to step out of comfort-zone and try new things in other areas).
@litvinenkoalexander5331
@litvinenkoalexander5331 2 сағат бұрын
As European, I do not understand why VW cars cost in the USA less than here in Germany. European salaries are smaller than in the USA, taxes are higher.
@twoeggcups
@twoeggcups Сағат бұрын
@@litvinenkoalexander5331 They just leave out the taxes when quoting prices in the US.
@murenorocha
@murenorocha 43 минут бұрын
VW is just another carmaker in the USA, and many models they sell there are built in Mexico.
@Guitar6ty
@Guitar6ty 2 сағат бұрын
The UK did the same thing in the 1970s and 80s they simply shut down all of our industry and exported it to SE Asia. This made the UK a low wage service based economy which favours the already rich whilst disenfranchising the working class. Its happening all over the west even the USA.
@kamilk2288
@kamilk2288 11 сағат бұрын
VW has too much lies to customers , first diesel gate, second malfunction TSI engines, next campaigns against electric cars, now much much expensive electric cars. Need to start thinking pro customers, not against.
@andrewsaint6581
@andrewsaint6581 11 сағат бұрын
A car for the people maybe? 🤔
@bh2155
@bh2155 10 сағат бұрын
Your statement sums it up completely
@dg7438
@dg7438 3 сағат бұрын
TSI malfunction? I had a Golf with TSI with no problems at 44k miles before I sold it.
@oceanwave4502
@oceanwave4502 2 сағат бұрын
CEOs in VW and Wirecard share the same thing: spent a huge chunk of energy on... cheating (rather than innovating).
@rogerhull5632
@rogerhull5632 10 сағат бұрын
One more case of weak management and lack of insight costing workers their jobs.
@paddycoleman1472
@paddycoleman1472 54 минут бұрын
As an owner of VW and Audi vehicles for decades, the cause of their current woes can be summed up in one word… complacency. In the past VAG products were renowned for their quality, innovation and value and they traded off this with great skill. Alas, the management became complacent and saw an opportunity to make vast sums of money by watering down these values. Eventually you get to a point where your products and services are simply no longer competitive (Intel has a similar story). VAG need to get back to basics and put the customer at the centre and build high quality, innovative vehicles that offer exceptional value.
@mojesimore8054
@mojesimore8054 2 сағат бұрын
Employees by VW cost 65-80€/h in Germany, VW plant in Hungary 18€/h... Speed of production is also a problem: 1 employee by VW makes 17 cars a year, by Toyota 26 cars a year, by GM 46 cars a year. Vacation in VW Germany 32-35 days a year, 14 days national holdays plus ~5-10 sick leaves per year, so in summ 3 months no work per year. It was just a metter of time to come to this situation... Oh, one more thing Toyota produces smiliar like VW around 10M cars a year but with 50% of employees as VW... just crazy! Love VW but this is sick.
@CornfieldMystery
@CornfieldMystery 12 сағат бұрын
No longer the people's car as they are just too expensive.
@patay168
@patay168 11 сағат бұрын
Absolutely. VW is too expensive
@chrisbraid2907
@chrisbraid2907 3 сағат бұрын
That’s not new news !
@tanabexo
@tanabexo 12 сағат бұрын
VW is getting too expensive
@amandagrant4331
@amandagrant4331 6 сағат бұрын
VW is used to producing cars with high prices and low quality.
@kgamaseg
@kgamaseg 11 сағат бұрын
Let the Porsche puns begin!! Porsche has anew name, P-o-o-r-sche.
@kenyahawkins2472
@kenyahawkins2472 4 сағат бұрын
Borat- sche
@danielduggan7126
@danielduggan7126 11 сағат бұрын
VAG made good cars, then came badly styled EVs with poor range + dodgy electronics, and cost-cutting by lowering quality. The result is the mess we have today.
@skasteve6528
@skasteve6528 11 сағат бұрын
They haven't really made good cars for years. With a few exceptions, they are over-engineered, not as reliable as they like us to think and over-priced for what they are. At least they don't have to fiddle the emmisions on their evs.
@twoeggcups
@twoeggcups 10 сағат бұрын
Badly styled? The ID3 isn’t ugly. Shame the dashboard is so craptastic, but it’s not a terrible car. And what about the Taycan? Literally one of the best looking cars available, not to mention the Audi RS GT.
@dadys31
@dadys31 Сағат бұрын
Overpriced junk that's what they are
@handlaidtracksand3dprinted922
@handlaidtracksand3dprinted922 10 сағат бұрын
Did the management group take a 40% cut??
@dexlab7539
@dexlab7539 9 сағат бұрын
Pay raises
@amandagrant4331
@amandagrant4331 6 сағат бұрын
No
@rochellerochelle1488
@rochellerochelle1488 3 сағат бұрын
01:13 it does add up! It adds up to the DEBT! Nobody's gonna issue you a loan to overpay your workers.
@pctong5387
@pctong5387 12 сағат бұрын
Pay cut to workers not CEO
@stormytempest6521
@stormytempest6521 11 сағат бұрын
SPOT ON.
@obiwan5781
@obiwan5781 10 сағат бұрын
Yes, pay cut to workrrs NOT CEO. Very clever
@Heegooat
@Heegooat 3 сағат бұрын
​@@obiwan5781He will be paid a huge bonus for sackings and pay cuts...what a legend
@nonnoyobisnis8705
@nonnoyobisnis8705 3 сағат бұрын
Volkswagen workers live like kings! They even can afford a house, a car, education, vacation for a family of four on one wage! Madness!!! Blackrock (they own a big portion of VW) can't have that! Last year 4.5 billion USD in dividends were paid to VW shareholders like Blackrock and Qatar.
@drew8256
@drew8256 9 сағат бұрын
Sounds like the first step to bankruptcy.
@amandagrant4331
@amandagrant4331 6 сағат бұрын
Anything is possible
@martinleung212
@martinleung212 3 сағат бұрын
I used to own a VW Golf. It ran ok, but it got recalled several times for some defects to be fixed. These recalls were free, but the normal maintenance costs were quite expensive though. Will I buy another VW car? My answer would be: "probably no".
@johnfrancis4401
@johnfrancis4401 4 сағат бұрын
Deiss told them this was coming 4 years ago……but they sacked him.
@Gunter_Custom
@Gunter_Custom 3 сағат бұрын
They didn't want to hear the truth .. It hurt too much .. So now they will die 😢
@justicedemocrat9357
@justicedemocrat9357 40 минут бұрын
If he forecasted this 4 years ago then he should have faciliatated the groundwork and implemented changes instead of doing nothing and saying 'I told you so!' he's the goddamn leader he should have lead and managed the situation.
@EwanM11
@EwanM11 11 минут бұрын
​@@justicedemocrat9357he tried. The unions had him sacked.
@johnholland1308
@johnholland1308 7 сағат бұрын
Let’s see how executives take a 50% pay cut and base their pay on profits.
@amandagrant4331
@amandagrant4331 6 сағат бұрын
It will never happen
@kdusea
@kdusea 10 сағат бұрын
Those investments in Rivian and Quantumscape are what give them the opportunity to be more efficient and competitive in the future. I think they need to fire their design team as well, ID Buzz is a miss for me it just looks like a minivan painted two-tone, also the last really good looking GTI was the MK6.
@maxflight777
@maxflight777 3 сағат бұрын
VW Audi Porsche…when you consider how dominant the Golf was .. Well they had the opportunity to dominate the EV marketplace. Sadly they totally screwed up and now face bankruptcy.
@fredhearty1762
@fredhearty1762 12 сағат бұрын
'Sell some of their brands'... to whom? Not other German automakers, not Stellantis (having a fire sale of their own), not to Americans... that leaves the Chinese. Better to shut them down than sell to their principal competition -- a sure way to accelerate VW's demise.
@whowhy9023
@whowhy9023 11 сағат бұрын
Chineese don want that rubbish. It comes with unions, workers etc…
@andrewsaint6581
@andrewsaint6581 11 сағат бұрын
Chinese will buy brand names. Mg? Lotus? Volvo/Polestar? LDV Maxus? SAAB? Etc.
@dexlab7539
@dexlab7539 9 сағат бұрын
I hear Fisker is interested
@zes7215
@zes7215 7 сағат бұрын
wr
@johnhg_myaus
@johnhg_myaus 5 сағат бұрын
Sell to the Indians....or Canada..according to Trudeau..Canada has a vibrant automotive industry
@johnmightymole2284
@johnmightymole2284 19 минут бұрын
The Dresden factory is a small show factory. They do a nice tou and have a cafe but not a serious factory.
@julianroberts5407
@julianroberts5407 Сағат бұрын
Skoda are doing well. Operating profit and vehicle sales are increasing and they are currently the 4th best selling brand in Europe
@bobwallace9753
@bobwallace9753 11 сағат бұрын
Some of us thought that the period from 2025 to 2030 would see great turmoil in the legacy vehicle industry as EVs took larger and larger shares of the market, while legacy scrambled to figure out how to make desirable EVs. Looks like it started a bit earlier. We weren't predicting how rapidly battery prices would drop A linear vs. exponential type error.
@marianbiznesu1899
@marianbiznesu1899 10 сағат бұрын
VAG and other legacy/ ICE makers have lost in China. VAG sells today half of their peak in 2018 in China. They used to have 50% of their profit there. The same would be on markets outside USA and EU.
@MrChiangching
@MrChiangching 8 сағат бұрын
This is because the US blew up the pipeline.
@oceanwave4502
@oceanwave4502 2 сағат бұрын
The legacy industry in Germany is particularly difficult to change because Germans are conservative and aging fast. They hesitate in trying new things or taking risks.
@marianbiznesu1899
@marianbiznesu1899 48 минут бұрын
@oceanwave4502 They are very slow in digital adoption in general. DE will be loosing against other much more digital orientated countries.
@Jimmy-i1q
@Jimmy-i1q 11 сағат бұрын
This is what you get when political goals take over a commercial enterprise. No politician in the world has ever turned any profit, they only know how to spend.
@bolloxim1
@bolloxim1 11 сағат бұрын
Their profits dropped, revenues dropped only 0.5% they didnt lose money.. yet they want their staff to take a 10% reduction why ? because they only made 2.8bn euros in profit this quarter ? that seems a bit suspect to anyone ?
@marianbiznesu1899
@marianbiznesu1899 10 сағат бұрын
They are in strategic WC. They have no ability to produce competetive EVs, they have 14 000 000 production capacity but produce 9 000 000 cars, they are loosing marketshare in China and outside USA and EU at great speed. EV growth rate is 28% worldwide... People buy hybrids from Toyota or wait for Chinese brands to make all cars more affordable.
@amandagrant4331
@amandagrant4331 6 сағат бұрын
They need to protect the future income of top management.
@sandcrabfin
@sandcrabfin 3 сағат бұрын
VW is not some tech company running on somebody else's infrastructure so they can't scale down their business in one minute. VW is based on Germany that is know to have to a very strict labor laws so they can't do anything on that front in a whim in Germany. VW also clearly sees that they have practically lost Chinese market as it is quite evident that China's retaliation on EU electric car tariffs will be harsh. In the worst case I wouldn't rule out some soft of modern version of 2012 anti japanese demonstrations that would be against some EU countries and especially against EU brands. Basically when you have a crisis like this in your hands it is just plainly stupid to base your actions on last quarter results in the business that has a huge burden from legacy technology that is loosing its value day by day and in 5 year timescale turning from asset to liability.
@marianbiznesu1899
@marianbiznesu1899 59 минут бұрын
@sandcrabfin From asset to liability - well said. VAG made a strategic mistake: they were promoting diesel instead of massive investment into EV and/or hybrids. Generally speaking Germany is one of the best in mechanical solutions but it is not good at digital technology adoption.
@aeromtb2468
@aeromtb2468 12 сағат бұрын
and they want to give rivian $5bn
@whowhy9023
@whowhy9023 11 сағат бұрын
The result is bankruptcy delayed for Rivian .
@XXx-mk8dk
@XXx-mk8dk 2 сағат бұрын
Profits cut is not same as income cut. Income is important. Profits if still more than 0 is not terrible.
@robertboucher
@robertboucher 7 сағат бұрын
VW exec laughed at Tesla years ago. I am glad to see VW fail. Good riddance.
@sargfowler9603
@sargfowler9603 12 сағат бұрын
Interesting. Looks like they've spread themselves a bit thin with all that investment/procurement. Contrast this to the Stellantis group that are bringing out new models every week.
@whowhy9023
@whowhy9023 11 сағат бұрын
French government loans are probably helping…😂
@justicedemocrat9357
@justicedemocrat9357 49 минут бұрын
Instead of spending $5 billion on Rivian they should have spent $5 billion on gigacasting machines to reduce the per unit cost of production.
@incyphe
@incyphe 10 сағат бұрын
investing into Rivian at such valuation was probably not a smart move. Act of desperation.
@dexlab7539
@dexlab7539 9 сағат бұрын
VW investing in AOL next
@lsh3rd
@lsh3rd 8 сағат бұрын
I’ve always wondered why they have so many brands. This seems like needless overhead.
@philipmartin3075
@philipmartin3075 7 сағат бұрын
I love VW. I hope they get their stuff together and figure out how to survive. They need to simplify and bring back Herbert Diess.
@vermontsownboy6957
@vermontsownboy6957 7 сағат бұрын
Firing Diess was an existential mistake talked about in MBA classrooms for decades.
@sk.n.9302
@sk.n.9302 8 сағат бұрын
I love VW, a beetle was my first car & now I've driving a Tiguan for 9 yrs. & it's a great car. So sad company might be no more.
@twoeggcups
@twoeggcups Сағат бұрын
@@sk.n.9302 I wouldn’t pay too much attention the the electric Viking, he doesn’t really know what he’s on about.
@rodrigomohr1277
@rodrigomohr1277 3 сағат бұрын
The biggest problem is higher energy prices in Germany. A byproduct of the country fighting against it's major provider.
@EwanM11
@EwanM11 6 минут бұрын
The problem is not energy prices. The problem is that the Chinese have stopped buying german cars in preference to their own domestic brands. This would happen even if german energy prices were zero.
@filippoleombruno8624
@filippoleombruno8624 10 сағат бұрын
A workmate has a Volkswagen it skipped a tooth on the timing belt, which made it run rough,he went to the Volkswagen specialists, and they told him it was a leaking rocker cover gasket!!charged him 900$ to fix it,that made no difference to the fault,he was lucky an old work colleague fixed it in his backyard for 2000$, otherwise it would have been around 6000$
@FanBelt
@FanBelt 9 сағат бұрын
Nonsense. Not even the worst mechanic in the world, drunk or on something else, could mistake a timing belt issue with a leaky rocker cover gasket. There is absolutely no correlation between the two.
@filippoleombruno8624
@filippoleombruno8624 8 сағат бұрын
​@@FanBelt I and my work mate agree, but it did happen, they just didn't want to be bothered with it, only interested in servicing, other non specialised mechanics didn't want to touch it
@filippoleombruno8624
@filippoleombruno8624 8 сағат бұрын
@@FanBelt also keep in mind,a lot of people nowadays have no mechanical knowledge and will accept anything,me and my work mate are mechanical fitters, with a reasonable amount of motor vehicles
@FanBelt
@FanBelt Сағат бұрын
@@filippoleombruno8624 I’m a retired mechanic, still keep my hand in though. And yes, you’re right about the lack of interest and knowledge these days. $900 to change a rocker cover gasket, wow, they were thieves. I changed the timing belt, tensioner and water pump on my Golf 2.0 diesel last year and it was a very straightforward job.
@AleksPTA
@AleksPTA 8 сағат бұрын
Interesting comment on german plant cost of production, projected vs actual. Does the end of cheap energy from the east have anything to do with the spot of bother VW is experiencing, and not just VW but all german heavy industry? Also, how does VW have $190b of debt, the company has been a cash machine for decades? Makes me sad really, for the average german, not the lazy leadership.
@michael-qp9xd
@michael-qp9xd 7 сағат бұрын
Read vw and Toyota both make same number of cars. But vw has almost twice as many employees. Given this vw needs to let go much more employees then just 3 factories worth of employees.
@NewYorksFinest1
@NewYorksFinest1 9 сағат бұрын
Will the 2024 id4 be heaving discounted once the stop sale is lifted ?
@kitatit
@kitatit 10 сағат бұрын
German cars are exceedingly expensive to maintain. By design or incompetence.
@dexlab7539
@dexlab7539 9 сағат бұрын
Yes to both
@RandyP-jr1ek
@RandyP-jr1ek 11 сағат бұрын
Its massive debt will drive them into Bankruptcy, as there will be no way to pay off those loans, and no one will be foolish enough to loan them even more needed for EV factories.
@philipmartin3075
@philipmartin3075 7 сағат бұрын
The ID.3 and ID Buzz are cool. VW should focus on those 2 and forget the rest. I remember in the early 1970's when I saw random 9 beetles parked in a row at my college. Beetles ruled. Porsche 911 electric would sell too. They need to super simplify their vehicles. People want cars they can work on themselves.
@soulslaveone
@soulslaveone 3 сағат бұрын
You`re right about the ID buzz, but the ID3 is crap, compared to any of the competition. Crap AND more expensive, too!
@dg7438
@dg7438 3 сағат бұрын
In the US.. ICE cars are more popular. Tesla already dominates
@ADobbin1
@ADobbin1 8 сағат бұрын
Do those cuts include all the corporate heads too?
@amandagrant4331
@amandagrant4331 6 сағат бұрын
No
@at3941
@at3941 9 сағат бұрын
The execs should definitely take near term cuts in compensation however the unions are still going to kill VW. Maybe Germany can pass a law to just pay workers for the wage cut that they take or even via tax breaks etc. but I think a bailout is the only way out which is still bad.
@williamsloggy5144
@williamsloggy5144 12 сағат бұрын
Is their US factory going to close too?
@dexlab7539
@dexlab7539 9 сағат бұрын
Nope, cheap energy there compared to EU
@steve_is_my_name
@steve_is_my_name 9 сағат бұрын
Legacy car manufacturers had the time and ability to drive the transition to EV, but they grew fat on the status quo, and i feel they were arrogant that the industry would not change unless they allowed it. Now the doors are wide open. They will need to face the fight to survive.
@jackel61-007
@jackel61-007 29 минут бұрын
These manufacturers shouldn't be so greedy. In the USA, most of these companies stopped producing vehicles the middle class can afford.
@ianollmann9393
@ianollmann9393 10 сағат бұрын
Well we can see who is more important, investors vs. the people actually making the products. It seems clear investors are scheduled to be wiped out in a reorganization, so I don't see why management is coddling them, other than temporary self interest.
@enzoh7763
@enzoh7763 10 сағат бұрын
They both lose . But the top executives are the winners already , And more to come , golden parachutes .
@Gunter_Custom
@Gunter_Custom 3 сағат бұрын
It has always been that way .. 😂
@tzeshenlim
@tzeshenlim 33 минут бұрын
Should had happened 20 year ago but it caught a wave back then
@ppaz1956
@ppaz1956 27 минут бұрын
VW troubles started way before EV , bought my first car a VW Jetta in the 90s . I lost confidence in VW because of their reliability issues and high maintenance costs. If VW bothers to listen to their customers feedback back then, I am sure they will not be in this situation today.
@christophermarshall527
@christophermarshall527 3 сағат бұрын
A stitch in time would have saved nine....
@ouethojlkjn
@ouethojlkjn 11 сағат бұрын
Anyone remember the triumph stag? Massively unreliable car but it turns out the design was good. It was just thrown together by disinterested workforce. in the case of VAG, it’s a rubbish design put together by a capable workforce. The result unfortunately will be the same.
@andrewsaint6581
@andrewsaint6581 11 сағат бұрын
Classic now.
@MrGMawson2438
@MrGMawson2438 11 сағат бұрын
Cheers bro
@dg7438
@dg7438 3 сағат бұрын
That's too bad b/c I think they make great ICE cars
@DileepaRanawake
@DileepaRanawake 9 минут бұрын
My heart goes out to all the German autoworkers who are loosing their jobs and livelihoods. The German companies were greedy and complacent and now their whole country and their workers are paying the price. It’s the board who has run VW into ruin, same as it was the board who enabled diesel gate. They have put short term profit over long term sustainability, the environment or their workers lives. It’s shameful.
@nedimramic9001
@nedimramic9001 5 сағат бұрын
good
@StephenButlerOne
@StephenButlerOne 12 сағат бұрын
I have a Born booked it to be buolt on thr 11th of November week. Looks liem thr factory have withdrew its 3rd shift. So its only running 2 sifts now a day 🙈👀
@twoeggcups
@twoeggcups 10 сағат бұрын
The nicest ID3 variant.
@StephenButlerOne
@StephenButlerOne 10 сағат бұрын
@twoeggcups it sure is. Also have a different throttle map and tweaked steering. It's the id3 VW should of launched. The id3 seems like a beta test. The software has been sorted out now with the gen 2 (micro facelift) Born. The exterior and interior is just far better, the car delivers a far better all round package. A fun looking far that actually drives fun. And far better put together. . The new 2025 model year version can charge quicker too. Up to 155 or 164, and will now sustain 120kwh, over the 24 Model years 80 sustained.
@ShannonJosephGlomb
@ShannonJosephGlomb 5 сағат бұрын
how is this not getting to there employees wouldnt you expect there voice on here too it would be nice KZbin AI please :)
@Supernaut2000
@Supernaut2000 6 сағат бұрын
Sounds like what's happening with Boeing.
@joem0088
@joem0088 9 сағат бұрын
Sam, they are still in the black.
@mikafiltenborg7572
@mikafiltenborg7572 2 сағат бұрын
Red, in year 2026
@you2be839
@you2be839 9 сағат бұрын
Yeah, VW is so short on money that they even decided to support and invest in Audi's program entering F1 in 2026! I don't think you put up with the expenses of maintaining a F1 team when you're short on money, usually it's the opposite!!
@jameswilliams5921
@jameswilliams5921 11 сағат бұрын
I have to give it to viking change 3 or 4 words and put out same video
@PD55_
@PD55_ 7 сағат бұрын
Hey Viking, got any freinds in Mexico that can comment on the Zacua EV?
@oldtechie6834
@oldtechie6834 12 сағат бұрын
Not diseased, deceased.
@adamanthony7465
@adamanthony7465 Сағат бұрын
Let us hope and trust in grace for the good factory working people at Vw🎉
@mikeklein4949
@mikeklein4949 11 сағат бұрын
Oh oh.
@RealROI
@RealROI 10 сағат бұрын
Lol what did kissinger say?
@dexlab7539
@dexlab7539 9 сағат бұрын
….nordstream???
@zes7215
@zes7215 7 сағат бұрын
wr
@Jarlecritters
@Jarlecritters 11 сағат бұрын
Sorry i can't come beacuse im out driving my G9 performence 😅
@kipper2k
@kipper2k 11 сағат бұрын
this kinda sounds familiar to when horse buggy companies were forced out of business by the petrol guzzlers. Germany can always beg for more EV companies to come to Germany to set up business' there. They may be able to recover a few jobs untill AI and robots take over the workplace and humans become redundant. It will happen
@punditgi
@punditgi 9 сағат бұрын
Volkswagen is borked. More EVs now! 🎉
@dg7438
@dg7438 3 сағат бұрын
Nobody wants EV's. Tesla is waning
@billybobjones4317
@billybobjones4317 9 сағат бұрын
There is a huge difference in money spent on investments that may return more in the long term than wasting money on wages that returns you nothing as that employee can just stand around doing nothing. Anyone with a financial adviser or smart enough to know how to handle finances will understand the difference. If VW wants to stay alive they either need to shut down factories to lower overall costs or just keep all factories running full tilt and go broke very quickly and all the employees lose their jobs and not just some, no one other than the EMployees and VW give a damn, sure I liked my VW caddy and the Polo I bought for my Grand Daughter is a great little car, but had VW not been available, I would have bought her a Jazz or a Yarris as she wanted a small car. No one will miss VW when they are gone, no more than people in Australia miss Chrysler or Ford or GM when they packed up their factories and left, what we didn't miss was the hundreds of millions the Government wasted on those Companies trying to keep them valid in a market place they couldn't compete in, they couldn't build a car worth a damn that anyone other than a fan boy would buy and sales showed this, even with Japanese Companies building all the small car options they showed off as their own. The market place determines what is viable and what isn't and these days Salesman have no sway over a persons choice, unlike the sway they used to have before the Internet as now people can see the lies and BS that salesman spin.
@davidhancock91
@davidhancock91 4 сағат бұрын
How many staff did Elon just put off? And what is Leon’s bonus? How have Tesla sales crashed in 2024? How is the TSLA stock price after the cyber cab, toaster, and fake robots launch?
@iljapetroff
@iljapetroff 4 сағат бұрын
BYD yesterday reported -42.5% Net cash flow from operating activities. Negative cash flow might indicate reliance on outside funding to cover its operating expenses. This means the company is NOT generating enough cash to maintain or grow its operations. Why don't you talk about that in any of your video? And this is the most famous Chinese brand, I can only imagine what happens with other smaller Chinese car companies
@Gunter_Custom
@Gunter_Custom 3 сағат бұрын
Not one of the EV companies in China are profitable ... Except for Tesla .. 😂😂
@Ben-vr6qz
@Ben-vr6qz 10 сағат бұрын
Beginning of end of all ice car companies
@BladeClann
@BladeClann 9 сағат бұрын
Last cute = more quality issues
@maxflight777
@maxflight777 3 сағат бұрын
People really dislike German software ! It’s utterly frustrating to use .
@theimax1
@theimax1 8 сағат бұрын
And they haven’t paid back their loans. Still have sh…. Software
@anonimato1987
@anonimato1987 12 сағат бұрын
ID1,2,3,4,5. Silly naming. Ugly car. If they've managed to fix the software, nobody wants to pay 40K Euro for that.
@zes7215
@zes7215 7 сағат бұрын
wr
@ozchalupkova4688
@ozchalupkova4688 2 сағат бұрын
so no milion bilions but only half milions bilions of profits? omg
@Gunter_Custom
@Gunter_Custom 3 сағат бұрын
How are the unions helping you now... 😢
@kenyahawkins2472
@kenyahawkins2472 4 сағат бұрын
Vicious Wipeout. VW
@memrjohnno
@memrjohnno 11 сағат бұрын
It's certainly going to get much worse.
@juliahello6673
@juliahello6673 11 сағат бұрын
VW invested into other projects because they are hoping that they will save them from extinction. They aren't randomly throwing money away. If a company can't earn enough to pay their workers, they either need to lay off a lot of workers or they need to reduce their pay. Just as they are scrambling to reduce the cost of everything else. People should learn basic economics before they rail on about poor workers, poor workers.
@kenyahawkins2472
@kenyahawkins2472 4 сағат бұрын
If they want to sell cheaper EVs then make them outside the EU...
@ArsenalFCRules
@ArsenalFCRules 5 сағат бұрын
When you hang out and listen with the 200million bully and screw around with the 1.4billion populace 😂😂😂
@dylanthomas12321
@dylanthomas12321 10 сағат бұрын
You mentioned no-shows at Tesla's German plant. I'm betting Elon's wishing he had built it Poland or Hungary where workers seem much more realistic about the competitive car-wirld we live in. Tesla is non-union but taking major flak for it. And more, after being attacked by environmentalists for wanting to clear a small tree farm to enlarge an EV factory. A tree farm! Not old growth forest or habitat for important species. There's a reason Germany's far right AfD party (not my favorite, but ..) won a lot of votes recently. It's because a lot of folks just want a commonsensical approach to governance. Germans live in a pampered state that's become unsustainable. When these big automakers make big cuts it's going to be the ultimate wakeup call for German society and even the EU.There's no telling where it will end. But Germany is the 3rd largest economy in the world. So it's serious stuff.
@TaipoRoad
@TaipoRoad 12 сағат бұрын
Looks like VW will turn Chinese.
@amandagrant4331
@amandagrant4331 6 сағат бұрын
Sales of VW in China are rapidly declining.
@MrGMawson2438
@MrGMawson2438 11 сағат бұрын
Irelivent yes Best Christopher Hitchens Moments on Religion and God Lachlan Jackson
@Starpopper800
@Starpopper800 11 сағат бұрын
Unions in Germany are killing the goose laying the golden eggs! Once hired it’s hard to fire employees and there is huge incentive for employees to take advantage of overly generous perks like getting almost unlimited paid sick leave! Either the German gov’t will bail out their most important company or VW will be forced to go bankrupt and jettison their German assets in order to set up shop in more employer friendly markets!
@amandagrant4331
@amandagrant4331 6 сағат бұрын
Union is correct, workers need more money pay food and rent
@soulslaveone
@soulslaveone 3 сағат бұрын
VW 2015: We wont ever change and we lie about our diesel-engines. VW 2024: The chinese electric cars are killing us! What happened?
@antiguarocks
@antiguarocks 11 сағат бұрын
You think its bad now, next year is going to be a bloodbath. New and improved EV battery tech combined with the deployment of thousands of Optimus robots and even greater economies of scale will dramatically drop the cost of Tesla EVs and price ALL of Teslas competitors right out of the market.
@tankevin2806
@tankevin2806 8 сағат бұрын
Good bye to my 2014 beetle and goodbye Volkswagen. You are expensive and venerable..
@keithpeskett4205
@keithpeskett4205 Сағат бұрын
I think the EV truck has hit the reality road block. EV sales are dropping off as more data on ownership and cost are coming to the surface. It won’t just be V-Dub.
@stormytempest6521
@stormytempest6521 11 сағат бұрын
Only SKODA making any money for them i believe.... is that right ?
@amandagrant4331
@amandagrant4331 6 сағат бұрын
Skoda's sales are also declining
@stormytempest6521
@stormytempest6521 4 сағат бұрын
@amandagrant4331 Must becoming to expensive to buy as well in the cost of living crisis.
@julianroberts5407
@julianroberts5407 58 минут бұрын
​@amandagrant4331 wrong. Skoda sales and operating profit are up. Results released yesterday
@julianroberts5407
@julianroberts5407 56 минут бұрын
​@@amandagrant4331wrong. Skoda sales and operating profit are up. Results released yesterday
BYD's rivals are panicking after Shark pickup truck selling way below cost
9:20
小丑揭穿坏人的阴谋 #小丑 #天使 #shorts
00:35
好人小丑
Рет қаралды 31 МЛН
This dad wins Halloween! 🎃💀
01:00
Justin Flom
Рет қаралды 46 МЛН
Seja Gentil com os Pequenos Animais 😿
00:20
Los Wagners
Рет қаралды 77 МЛН
How Physicists Broke the Solar Efficiency Record
20:47
Dr Ben Miles
Рет қаралды 113 М.
What’s Driving Pakistan’s Middle Class Brain Drain?
9:38
Bloomberg Originals
Рет қаралды 10 М.
China: Utopia or Dystopia? I Investigated
41:46
bald and bankrupt
Рет қаралды 83 М.
Hyundai Inster: The Best Small Car Ever Made??
14:35
Fully Charged Show
Рет қаралды 37 М.
BYD's new second generation Blade battery will revolutionise EVs
13:39
The Electric Viking
Рет қаралды 60 М.
This tiny car shocked me!
17:28
carwow
Рет қаралды 28 М.
Ford's CEO says the NEW Ranger EV is a "Gamechanger"
8:59
The Electric Viking
Рет қаралды 17 М.
California hits 22% EV marketshare - Top 10 best selling EVs in 2024
8:14
The Electric Viking
Рет қаралды 7 М.
UK Property Just Changed FOREVER
11:28
Property Hub
Рет қаралды 723 М.
小丑揭穿坏人的阴谋 #小丑 #天使 #shorts
00:35
好人小丑
Рет қаралды 31 МЛН