VW Shocks Germany with Plant Closing Warning; Volvo Joins Central Compute Club - Autoline Daily 3884

[@zenfishbike]

I'm tired of the pandemic still being blamed for poor management decisions. The reason sales are down is because they failed to make affordable cars. Period.

[@davidmccarthy6061]

Prices have been rising and to maintain the billions in profits Wall Street requires then the car prices rise too. On top of the golden pay, healthcare, and pensions of union workers. Never going to be a new car for 15 grand again.

[@hugovega1590]

They probably make them cheap but still want big profits.

[@Bikerbug2020]

The Unions are killing the companies with total compensation costs, and Pension plans that carry over costs from the past onto future products. The other issue is the massive compensation plans of the Golden Class Executtives

[@MikeKisil]

And dependable cars trucks what the h happened to that ?

[@FrunkensteinVonZipperneck]

Herbert Diess announced VW must close plants, so VW closed Dr Diess…

[@dougsheldon5560]

Not hearing anything about cutting executive compensation. Just saying.

[@rp9674]

That's how it works, don't worry they have golden parachutes

[@damham5689]

​@@rp9674Always found that interesting how corporations say they have legal obligation to honor a CEOs contract, but they never say the same when it comes to contracts with workers.

[@Gadfly2025]

Cuts across board coming as global economy way down and falling

[@rp9674]

​@@Gadfly2025no

[@who2u333]

At least Germany is holding VW leaders accountable for corporate malfeasance. In the US we just blame the legal corporate person.

[@12345682900]

Not always true in the U.S.... but yeah, Germany will prosecute to the fullest, which is NICE to see.

[@GG-si7fw]

I thought the union was the scapegoat for poor management

[@johnhoye4535]

those were very good diesels, compared to other cars , they were fast and got good mileage….i think

[@bobwallace9753]

@@johnhoye4535 Sort of like saying "that was good lead-based paint".

[@samanthajones4877]

Not true, in the US we blame China for everything that is wrong.

[@KA9DSL]

You missed the main point Babba, VW's have gotten very pricey, expensive. People are waking up. You can kick a Dog just so many times, eventually the Dog is going to turn around and bite you back.

[@davidmenasco5743]

Didn't they used to sell two EVs in Europe that were cheaper than the ID3, and both pretty successful too?

[@hellogoodbye.]

VW reliability has become the old BMW. Literally Everyone I know who owns a VW has constant mechanical issues.

[@FrunkensteinVonZipperneck]

Everyone my revivifier knew in 1985, who owned VWs had reliability “issues.” Kid can you say, “rusty fuel injectors?”

[@edc1569]

My 2019 hybrid golf has been faultless

[@TheAefril]

That does it. I am going to hold off upgrading from my trusty reliable TOYOTA HILUX turbo diesel dual cab ute. Until I see, some significant improvements in EVs or UTE options, I will keep the wallet in my pocket, thank you!

[@Munich81245]

@@edc1569i drove Toyota Hybrid 120.000 Miles with 0 failed no Germany car does it and I live in Munich Germany

[@alextrevino3284]

ID 4 owner for 2+ years. Not one issue so far.

[@johnlabernik4599]

That BYD car is 25% cheaper than the cheapest plug in hybrid SUV offering in the US. What happened to free trade?

[@fredricgrethel1717]

China massively subsidizes its manufacturing especially EVs. That’s not fair competition. VW has huge issues. But allowing Chinese cars that are often unsafe to flood our market is not an answer to VWs issues or our other challenges in our market

[@Ask-a-Rocket-Scientist]

All the European automakers did their own dieselgate.

[@FrunkensteinVonZipperneck]

Plus ALL the Americans: Jeep, Cummins, …

[@tetchuma]

I have no sympathy for VW. Getting updates on the 3G sunset for my still under warranty, 2019 GTI - has been absolutely infuriating!!! “3G modem upgrades will be available Fall 2021”, “sorry, we meant Spring 2022”, “sorry, we meant Fall 2022”, “sorry, we meant Spring 2023”, “sorry, we meant… sometime in the near future”. “… here’s a 3rd party option that doesn’t provide ANY of the connectivity options you had with the VW-provided service. It’ll be $300/yr and cannot even schedule maintenance at your local dealership…” Since then, no further updates. I will not be buying another VW.

[@markk3453]

What does that to do with the car ? Did the car not drive without it? Only use that a internet connection has in a car is to call 911 during a crash or sell your connected services. Your focusing on some nonsense detail #1stworldproblems😊

[@philmakin9111]

​@@markk3453no a connected car changes, repairs and continuously improves with a cellular connection. Invested by Tesla in 2012.

[@tetchuma]

@@markk3453 Considering it’s a $35k+ car, it’s irritating

[@tetchuma]

@@markk3453 It’s the lack of respect and accountability that gets me. It’s the ‘asking for updates’ and being jerked around for years

[@nycameleon]

It's like Autoline has been saying... for a plant to be profitable it needs to be over 85-90% capacity. So a slight slowdown turns things red quickly. There is not really a way to gracefully reduce count once you lose mass production.

[@mowensmd]

For old school factories this is true. Not necessarily modern EV automated facilities.

[@AuralioCabal]

VW has been in trouble for years,at least in the Software side, their products are expensive to maintain like all German cars, parts are pricey too.Winterkorn will not spend time in jail, if he does he goes for reEducation/ school, like all German criminals do, German jails are not like US jails

[@rp9674]

Maybe he could learn management

[@buddy1155]

European cars are only expensive to maintain in the US (and US cars are expensive to maintain in Europe)

[@lmn222002]

VW America has a dealership problem. I have previously owned a 21 Jetta SEL Premium. My second VW was a 2019 Atlas (the dealer repurchased it due to COVID-19, and the money was just right), and I took the car to two different dealerships. It was the worst experience ever. There was total incompetence from the service team at both dealers. They thought they were fixing Audis! The Jetta's rear brakes needed to be replaced. The dealer quoted me 1200 for rear breaks, not the rotators, and another 200 to replace the cabin and engine filters.....I went to the VW parts store...rear brakes were $60, and the filters were $20 a piece. I promptly traded it for a Nissan Titan at 0% interest and another 15k off the sticker. How is VW going to sell a budget-friendly vehicle but then turn around and charge luxury service costs? Nope. VW can close down completely.

[@bryanhall3377]

Dana headquarters in Maumee Ohio is shutting down plants in USA, just announced Lima Ohio semi truck driveshaft plant closure

[@SpookyEng1]

Off to the third world!

[@gregculverwell]

Germany has become a very expensive and inefficient county to manufacture in. I don't think the other 2 manufacturers are far behind. The manufacturing industry across the board have / are moving the majority of their production out of the country.

[@Agent77X]

In Germany, the car unions have board seats in the car corporations to block any thing that affects their members!😂

[@markdc1145]

Keeps the plants running smoothly but German OEMs slowly bleed to death with too high costs.

[@paddle_shift]

When GM FORD AND STELLANTIS were working on getting union to agree to a contract, an auto journalist(?) asked Shaun Fein about competition from India Mexico and China, comrade Fein replied, "I'm only competing against capitalists, not China, India or Mexico".

[@sandorski56]

He's right.

[@btrts6431]

@@sandorski56Shaun Fein will soon realize he’s responsible when every UAW worker gets fired.

[@rp9674]

God forbid people should get good compensation for their labor and fair treatment

[@stickynorth]

Your attitude is why America is failing... Blaming the very working class that built the nation in the first place. SHAME ON YOU, SCUMMO!

[@sandorski56]

@@btrts6431 Nah.

[@Vikingj72]

OH NO ! Not higher wages !! How will we make the next record profit?

[@baronvonjo1929]

I can understand there is a obvious breaking point. But when you hear how CEOs and executives make millions it's a bit ridiculous to listen to them complain about pay raises of less than 50k.

[@GG-si7fw]

And stock buyback to boost the share price.

[@InternetExplorer-s9g]

finally sanctions are working

[@daves1646]

Perhaps UAW needs to watch Autoline Daily?? Manufacturing plants are operating below optimum levels due to insufficient product sales, and yet UAW pushes for changes that WILL cause prices of parts / labor / vehicle production to increase. AND sales to fall faster….. Hello??

[@BrunoHeggli-zp3nl]

Why would they care?If they want to close factorys they will do it anyway,the little higher cost for workers isnt a big Deal!So as a worker you could give up fighting for higer wages and would still get fired anyway!So better getting as much as you can right now,what you have you have!

[@GG-si7fw]

I could say the same with executive bonuses and stock buyback pushing up the prices. The board is a union of executives.

[@12345682900]

You CANNOT put the blame on the UAW; labor costs ARE not the problem, bad MNGMNT is. In ALL OEMS (domestic & foreign) it's MANAGEMENT that runs the company, organized labor (white & blue collar) just works there. "Big 3" market share has eroded for decades now, and the "right-sizing plants" has also been an issue.... whether you LOVE or HATE unions, they do NOT run the business.

[@bobwallace9753]

People in China are buying EVs, not imported VW, Chevy, etc. ICEVs. The unions did not make the decision to ignore how the world was going to move from ICEVs to EVs. That was management stupidity.

[@rp9674]

Disobedient selfish worker ants

[@JoseGonzalez-oe8ly]

About BYD in Mexico, all car dealer has to apply 15% Tax (IVA) before sale. Mexico doesn't has tax credit for EV. BYD SUV is the same price tag like old Equinox for example.

[@yankeesusa1]

It’s also because they make bad vehicles that break down within 1,000 miles. On top of that they overcharge for them.

[@jase9951]

Who makes that V-12 for Aston Martin now? Is it still AMG?

[@karacha]

Cosworth

[@davidg3944]

It's likely Mercedes, who's been supplying V8's for a while and has a manufacturing partnership with Aston Martin.

[@karacha]

Good guess, but as I said before, it's a new generation of the AE31 engine... like the Valkyrie, but better. :) @davidg3944

[@davidg3944]

@@karacha Interesting, at 1K units/year I thought AMG V-12s would have been easier to cost and engineer into the vehicle.

[@phillyphil1513]

Q1: Who makes that V-12 for Aston Martin now? A1: Aston themselves, originally begun during Ford's ownership for the last 20+ years however it's been a core competency. Q2: Is it still AMG? A2: not so much, Merc/AMG simply supplies them turnkey V8's. you might be thinking of the brand PAGANI whose supercars are powered by Mercedes V12's. also ref: it's BMW's V12 that was originally supplied to McLaren to power their famous first production all carbon fiber monocoque F1 road car. i used to see owner cars at BMW HQ in New Jersey back 15 years ago because HQ also doubled as the North American service center for the F1 (not sure if it still is).

[@bobwallace9753]

Just read a report on a Tesla S that has now driven 1.2 million miles. Yes, multiple battery packs but each pack lasted an average of 300,000 miles. This is what we should expect from EVs, much longer usable life. Not only will legacy companies that have failed to produce EVs buyers want lose sales to EVs, but also we should see annual new car demand drop as cars last 2x, 3x longer. BTW, that was a Model S which has lithium-ion batteries which have shorter life cycle spans. The industry is moving to much longer lasting lithium iron phosphate (LFP) batteries so 300,000 per pack is going to increase. Won't be surprised to see the bankruptcies start in the next three years. ICEV sales can't drop a lot before debts can't be paid.

[@bobbbobb4663]

And something like 10 different motors. Fast forward to structural battery packs and the junkyard will soon be full of old, totaled EVs. Meanwhile, many a W123 taxi still motoring around with maybe one motor re-build.

[@bobwallace9753]

@@bobbbobb4663 I think the number was 13 and it was, I think, a gear box. Electric motors are very robust. That's about one gear box per 100,000 miles. Seeing as how there just aren't a lot of maintenance repair costs for EVs and a sub $1,000 part every 100k miles is not a big deal. No, the junkyards will not be full of old EVs. They, like ICEVs will get recycled. The materials in EV batteries are almost 100% recoverable and reusable. The fuel burned in ICEVs can't be reused. It's lost.

[@bobbbobb4663]

@@bobwallace9753 14 motors over 1.2 Million miles. Your definition of "robust" doesn't match reality. The low hanging fruit will get recycled. The hard to recycle cars will sit and rot in the junkyard because Musk wants to make cars easier to total. Face reality -- a good ICE car is more robust and environmentally friendly than a disposable EV.

[@russh6414]

@@bobwallace9753 One gear box every 100k miles is not a big deal?

[@AllanSustainabilityFan]

@@russh6414 Growing pains of a new startup, much like Koreans when they first started, now they are Toyota's main competition. Today Tesla's Model 3/Y lines are a benchmark for other EV markers to follow, and the CT is a glimpse of the technical advancements coming down the vine. Tesla's also working to bring costs down, while legacies are busy cutting out their budget offerings, to the point where Tesla has become the best value for many shoppers. It's an ironic twist for the consumer market. I expect some Chinese players will come closer to them before the legacies do, and maybe Hyundai/Kia, they seem to be doing a good job for a legacy.

[@PDLM1221]

I’m glad Volvo decided to wait until the ex90 was completely ready rather than launch without every item installed and working the potential buyer (me) was and will wait until it’s ready!

[@charlesmoss8119]

Always look at electricity costs - now more than labour that is becoming one of the critical factors - now how much does power in Germany cost compared with some other countries like say Korea

[@gbxmusicchannel3836]

They sure showing Putin they don't need his cheap electricity xD

[@edc1569]

@@gbxmusicchannel3836nothing to do with Putin, Germany shutdown its nuclear plants as the place is run by morons.

[@RonnieLeeDuck]

Regarding Volvo. The central compute is not that big of advance if you still have to outsource the software. The real game changer is if and when a traditional OEM can develop their own in house software platform that works. Then, take it and integrate it into ICE vehicles.

[@remix-yy1hs]

Overcapacity 😂😂😂 i heard that before. I dont remember where 😮

[@kevtheobald]

German builders have known for over five years they were screwed and chose to keep riding the same path they have been on versus making real change. Sure, they did some knee jerk moves, but rarely anything real. VW did dump a ton of money in failed software effort. VW seems good at throwing money at thing, versus working on real change that will give them the kind of future where they will be one of the biggest builders. Instead, you have to question where they will be by the end of the next decade.

[@jeffs6090]

So, Stellantis states it won't sell off Chrysler et al, and they are staying committed to them. Yet, they are giving all the brands in question a timeline to be profitable, which really sounds like an "or else" ultimatum. Instead of selling the brands to this guy, just put him in charge of running them. He then would end up doing the exact same thing he wanted to do, just not owning them.

[@SpookyEng1]

Hard to be profitable with nothing to sell but overpriced Jeeps😂

[@wsurfer2147]

The average Europeans are getting poorer. I guess German car companies are not getting this fact.

[@TheAefril]

These are the results of highly educated and experienced Political Class.

[@mbeliv3763]

Every electric cars lost money selling their cars except TESLA

[@davidmccarthy6061]

Just starting out while Tesla also spent it's first decade losing money learning how to do it and build out it's fueling network. They might still lose money on some models but can hide it within the funny money of Wall Street valuation.

[@bobwallace9753]

@@davidmccarthy6061 No, profits from their scaled up cars provide the cover for their one vehicle that is now scaling up. It should take about a year to increase Cybertruck production so that it is also a nicely profitable product. And soon the Tesla semi will start production, scale up, and add to the bottom line. As will the new Megapack factory in Shanghai.

[@bobbbobb4663]

@@davidmccarthy6061 There is a reason his nickname is Enron Musk.

[@JJSmith1100]

Apparently BYD is also making a profit, but hard to say if their BEV's is profitable by it self.

[@stickynorth]

Not BYD because it's vertically integrated as is Tesla... That's the secret but it involves a long-term buy in to the EV game and no other conventional OEM's seem to want to play that game...

[@davidmenasco5743]

Great episode! Welcome back Sean.

[@MohdJave-w5q]

They won’t admit they were robbing their customers with higher profits after pandemic. 🤑🧐

[@mbeliv3763]

VW won't survive

[@mikafiltenborg7572]

VW Bankrupt before december 2029...

[@oceanwave4502]

Luxury brands like Mercedes/Porsch can survive because they can sell cars with 200k dollars per piece. So 30k more expensive doesn't make much difference.

[@santostv.]

Volkswagen group is still doing well although the Chinese consumer is turning to home grown companies but that also affecting companies like apple, lvmh,richemont ect

[@12345682900]

@ 8:53... "...almost 6,000 pounds... " Yikes! 😬😬

[@davidmenasco5743]

6,000 pounds? Is that heavier than a 1978 Impala Wagon?

[@12345682900]

@@davidmenasco5743 A 1978 Chevrolet wagon weighs about 4,200 pounds, my 1959 Cadillac CDV weighed about 5,200 pounds. Most average size SUVs today weigh less than 4,800 pounds.

[@bssran]

Great Job Sean McEloroy.

[@JeffWade-jq6ib]

Mr .Potato Head is the best.

[@corradettimotorsports360]

I want the Volvo, its a beautiful ride!

[@praneethjayasimha5943]

the interior is tooo cheap for the price

[@MM-sf3rl]

I can only hope the low SAR is a trend to less cars on the road over the entire planet. We need this same type of channel covering advances in public transportation.

[@gonzaloleviatanh]

Love the EX90 cluster display! I prefer navigation in front of me rather than on the side.

[@AllieRogers-mq1kf]

Vw is reaping what they sow. They helped train the Chinese. Now the Chinese are eating their lunch.

[@zachary2383]

Why dont u see vw makes tons of money there in last 30years

[@chrislim7976]

100%. The problem is with every company doing business in China. You pay the price long term.

[@rudyalfonsus686]

Wait, politic decision to de-risk from your bigger customer doesn't work? who would think about that?

[@stickynorth]

When people see the CHINA price, they aren't willing to ever pay for the American or European price again... Be it cars, TV's or clothing... Hence why Shein and Temu are a thing... #ChinaPrice

[@SpookyEng1]

The commie price will be after a 100% tariff.

[@ah244895]

Really noteworthy to see the Tesla influence: electric cars as desirable, zoneall architecture and OTA updates, giga castings....

[@urbanstrencan]

Aston Martin is really on rolle lately they showed us just beautiful cars ❤❤

[@mowensmd]

Guess who is next after VW?...In the USA.

[@MurseTech64]

Instead of "Dieselgate" being a thing, they should have been focusing on BEV. They wasted so much time.

[@lawrencefranck9417]

15 million cars is profitable but 13 million car isn’t profitable, your overhead is too high.

[@damham5689]

Many are predicting a massive shortage of electricity production as the US doesnt have near the capacity to power the expected needs required by energy intensive Ai processing computers, Crypto mining, and EVs. Its possible in 10 years charging your EV will cost more than using premium gas. I really hope they are wrong.

And many are predicting the world is going to end on some arbitrary date in the future. Both are BS.

[@edc1569]

Put some solar on your roof and it’ll cost you nothing for 10 years.

[@maestrovso]

Aston Martin is the one on the right track building cars that car people want to buy.

[@Dihorse371]

the only thing this guy can complain about the remarkable High value for money of BYD's EVs is its share price is dropping 😂😂😂

[@grantboucher9342]

canadian union pushed for higher wages GM had 25 thousands employees now 5 thousand

[@stargazer3828]

So VW is closing plants in Germany because of poor sales, but if other German automakers follow suit will the EU still impose tariffs on Chinese EV's imported to their country?

[@BrunoHeggli-zp3nl]

Why Not?

[@FrancescMuro]

German manufacturers are moving production out to Poland, Hungary, Slovakia, and when possible out of Europe. Europe is extremely socialist and non competitive in any sense

[@BrunoHeggli-zp3nl]

​@@FrancescMuroBullshit!Most importend the production stays on Europe,it doesnt matter much If it in Germany or eastern Europe!Germany has so low unimployment they can efford to lose some jobs!

[@BrunoHeggli-zp3nl]

​@@FrancescMuroEaster Europe is nearly as cheap as China!

[@danielsteinberg7698]

Remember their Desiel Fiasco. VW lost credibility a long time ago.😂

[@MohdJave-w5q]

Management made millions by cutting down on manufacturing, raising prices, greed profiting, car dealers looting racking 10k 20k 30k on normal sticker prices.

[@0my]

So Audi is Porsche now? Thought it was still vw

[@FrunkensteinVonZipperneck]

Anschluss. VW needs to close >100 factories…

[@anthonyxuereb792]

The Volvo (and others) show clearly what is wrong with the Tesla dashboard design and the reason I will not own one. The road authority says that taking your eyes off the road to glance at your cell phone is tantamount to someone putting their hands over your eyes so how much worse is it to run thru a menu on a touch screen etc multiple times? Daimler failed with Chrysler, looks like Stellantis isn't having better luck with Chrysler either so who in his right mind invest in a dead horse?

[@stvybaby]

Legacy auto refuses to make the necessary investment for competetive EVs. As the market shifts to electrification and ICE sales decline; layoffs, consolidation, bankruptcy and bailouts are ahead.

[@lbcck2527]

Don't blame EVs, climate change, etc... for auto-industry downsizing. Looks likely that Europeans are taking more towards efficient and cost effective public transportation and/or ride-sharing, ride-hailing services.

[@johndoe1909]

herbert diess (vw) did what he could to change but was fired.

[@GlobalInsider-008]

Cars are too expensive for the consumers they fired during those last 20 years to the asiatic advantage. VW should better balance its local production with local sales as they are already importing a lot of cars from their asiatic plants to europe

[@johnasbury4997]

The new AM Vanquish.... oh WoW....this carits amazing . It's poster material. It's says speed and sex setting still. IMHO it's a Grand Slam walk off .

[@mbeliv3763]

Thx for TESLA for showing the way of building great cars They keep copying Tesla

[@rp9674]

Following China is a better bet

[@ingo_8628]

A producer that wants to sell EVs shouldnt make an eggdance, but thats exactly what most of legacy auto does.

[@rp9674]

Eggsacly?

[@rwdplz1]

Don't drop the soap, Martin.

[@robocowone464]

If they would stop raising prices of ICE vehicles in order to make EV's look more affordable, vehicles wouldn't cost so much.

[@mowensmd]

Not it chief

[@robocowone464]

@@mowensmd Prove me wrong.

[@mowensmd]

@@robocowone464 Easy kid. You don't understand the legal system. NO information is available in an ongoing investigation. For crying out loud watch some basic Law and Order or something. God, the internet has made folks stupid.

[@robocowone464]

@@mowensmd I didn't think you could. Typical liberal resorting to name calling and ridicule when they don't have facts to back up their argument. By the way I'm a 62 year old "kid".

[@mowensmd]

@@robocowone464 Rob, stop. You're doing the open your mouth and they know you are a fool thing. Here are the 15 felons already charged. More are coming, there is no way to show you what the outcome of an investigation may be until there is an outcome of an investigation. That's just plain stupid. www.oig.dol.gov/public/Press%20Releases/US_Reaches_Settlement_UAW_Public_Corruption_USAO%20ED-MI_12142020.pdf

[@RayNLA]

Plant closings… -The Tesla Effect

[@dt2526]

😂😂😂😂big boys are coming

[@bobwallace9753]

Some of those Chinese companies are getting larger quickly. New, big boys are coming.

[@jimthain8777]

Just had to plug the "EV sales are slow" propaganda again, right? The first few times it can be called news, but when you keep repeating it MONTHS later, it's become obvious that it's propaganda. The question is: Who is footing the bill; the car makers, the oil industry, or both? I would LOL if Aston Martin couldn't actually sell all 1,000 of those vehicles.

[@mrjim1973]

Barely Used Lucid Air EVs Are Selling For Less Than Half Original MSRP Some of the cars that are up for sale on the used market didn’t even go in for their first service because of the low mileage. What a hit EVs are!

[@stargazer3828]

Yep! I just test drove a 2022 Lucid Air Grand Touring with 2300 miles on it and the dealer was asking $57k. That car was $109K new!

[@kwalelalipimile3894]

All because they don't want a well built one from a company that's been doing it for over a decade and has sold millions, TESLA😅

[@jacobfavreault4067]

"well built" and "Tesla" in the same sentence? I'm appalled. Lucid is in a unique position for vehicle value degradation as they have been drastically reducing the cost of their vehicles while increasing quality, all thanks to improvements in manufacturing and business operations. As they mature, it becomes cheaper and cheaper to make an equivalent or superior product, so that allows them to lower prices. At the same time, however, instead of rolling out massive clumps of changes to the vehicle all at once (think vehicle generations or mid cycle refreshes [or LCI, etc]), they roll them out throughout the lifespan of the product, so one sold today would be measurably better than one sold a year ago, despite them being the same car. Things like range, charging speed, performance, features, handling, comfort, and safety have all been improved through software changes and hardware tweaks. Is this the best idea? Maybe, maybe not. I'm not an analyst. But does it allow for their vehicles to lose value quickly? Absolutely.

[@rp9674]

Lucid is your example of EVS, weak?

[@jacobfavreault4067]

@@rp9674 the crown of weak EVs definitely belongs to Mercedes-Benz, with their $180,000 EQS going for ~$70-80k with barely any miles and WITHOUT the same price cuts and improvements that Lucid has to justify their depreciation. Mercedes has followed the same thing they've always done, releasing new generational model years, so buying one today is the same as buying one a year ago

[@chriauc2976]

Diesel gate. VFOLKS

[@bobbbobb4663]

Tesla ReuterTaxi News: Code now references "WB Studio"! Adrian admits Mary was right with geo-fencing! Zero permits to operate autonomously on California public roads!

[@wolfgangpreier9160]

Zero permits is always good. Telsa has zero emissions.

[@bobbbobb4663]

@@wolfgangpreier9160 10 years after promising various sorts of autonomous driving, babysmurf9000 still can't figure out how to get a permit to operate autonomously in the state where they sell the most cars; thus, the laughably small geo-fenced area of the WB Studios to demo the ReuterTaxi.

[@Roddy451]

Rocky Marciano

[@sammi5281]

Make cars people want that are reasonable not cars the idiots in DC want you to buy

[@sammi5281]

Simple build cars people want not what the government wants you to buy

[@rogerlafrance6355]

Auto making is growing in the Eastern EU with lower labor cost and a flat playing field in the whole EU. Also, the third world market is big and a best buy for the buck market with the same tariffs for all.

[@JAM_2024]

That's what happens when you sell overpriced, unreliable, complicated junk for decades. Now they have mediocre EVs with extremely poor software. Combine that with high energy and high labour costs and it spells big trouble

[@stickynorth]

VW should sell their plants to the Chinese... Lord knows they could make a go of it or go bust trying! Let's find out!

You should move there and work in a sweatshop.

[@Pauliepsi]

VW is using Chinese manufacturing now.

[@bobwallace9753]

It's going to be interesting to see if the German government will give Chinese EVs wearing a VW badge a better deal for importing into Europe. Chinese badge bad. VW badge good.

[@yorkchris10]

Time for a new 007 film , but no new actor announced.

[@rp9674]

Ricky Gervais driving a Nissan Leaf, gives the two fingers to Mr Bean

[@skellener]

Volkswagen is supposed to mean “the people’s car”, but these days it means “the RICH people’s car”. VW has lost their way.

[@jeromedevotta3406]

i am glad i have one

[@rp9674]

Typical abusive business, they'd rather lose money on outsourcing and robots than pay people good wages & benefits. We're saving so much money on our outsourced tech support! Yeah but it's useless or harmful. Yeah but $$$!

[@eddieg6436]

New Audi Q5 built in MEXICO?!? 🤷🏼‍♂️🤔👎🏻👎🏻👎🏻

[@baronvonjo1929]

Its going to be wild to see various markets and industries start to shrink as the infinite growth they need begins to wane. Be it because of shrinking populations, weakening of disposable income, or something else.

[@InternetExplorer-s9g]

finally sanctions are working 🤣

[@gbxmusicchannel3836]

They sure showing the Russians that they don't need their cheap energy now LMAO.

[@edc1569]

Oh troll off, what does the modern Russian economy do other than pump oil and put stickers on Chinese cars. Germany chose to screw itself, the rest of Europe is doing fine when it comes to electricity prices.

[@leegg2033]

VW poor German made quality & poor reliability. Defective two litre gas turbo engines that required a lawsuit also.

[@Ask-a-Rocket-Scientist]

The automakers should have paid Tesla to develop their SW and computer HW so they could upgrade to FSD.

Right, but only when Fake Self Driving lives up to it's original promise made eight years ago.

[@bobbbobb4663]

Develop a hack solution wrapped around an AMD general purpose CPU and some sort of Samsung foundry custom ASIC when an Nvidia Orin runs rings around it? Lol

[@charlesrovira5707]

@6:56 Now that *Tesla* has used _zonal control systems_ first and their *CyberTruck* is *_not_* a financial disaster, all of the _wannabes_ are jumping on to the bandwagon.

[@bobbybishop5662]

They loose money on every CT , no where near production rates yet to make it profitable.

[@BTC_Minarchist]

​@@bobbybishop5662he said it's not a financial disaster, not that it was profitable. If It's break even after one year, it's already a financial success since that's almost unheard of for a brand new platform with huge capex.

[@EipsteinFrederica-c9k]

Martinez Thomas Miller Richard Anderson Matthew

[@nickayivor8432]

SUBSTANTIAL, Sean McElroy 👍 Please interview ScannerDanner My mentor, Sir ScannerDanner 🙏 Please interview,Jay Goninen WrenchWay Questions time Why only 3% per cent female Techs in the automotive industry Questions time Why are Techs leaving the automotive industry From Nick Ayivor from London England UK 🇬🇧 ⏰️ 00::45AM Good Night 😴 🥱 🌃 🌙

[@Bikerbug2020]

The SAAR will improve as soon as Trump gets back into office, the lower interest rates that will come about will help. The other issue is that the cars are 20% overpriced and those costs need to come down.

[@mmadchef808]

Sure whatever you say. 😂

[@edc1569]

Special sort of fanboy to think your boy entering office is going to suddenly make the economy different. Does the president even control interest rates? Isn’t that the banks job

[@pioneervajo]

remember; BYD stands for Burning Your Dollars... & maybe your house too when charging

[@johnsullivan8673]

Seethe, cope, dilate.

[@thebigdoghimself]

The automotive market is circling the drain. And while automotive manufacturers are partly to blame, the main culprit was capitalism and its greed. After the pandemic, every corporation saw an opportunity to bend the consumer over. And pretty much everyone not only kept their prices high but raised them further, simply because they felt the consumer could handle it. Well, since Americans don't believe that we should tell companies what to do, that forced the fed to take action to control prices by running up interest rates. Well, we all know what happened next. Consumers were forced into a corner again, this time with sky-high prices and higher rates. Even better yet, those who bought cars in 2020-2022 had to pay market adjustments further complicating the issue. As an example, Four years (before the pandemic), I put 20k down on a model 3. Then, two years ago, my wife's car was hit and totaled. So we had to replace the car during the worst times when there were literally no cars available. And of course, the dealer added in their $3500 market adjustments simply because it was the only one in the Midwest. So where's right now I'd be vonsidering an upgrade to a model y, I'm instead upside down on both vehicles (used car prices crashing) and I'm not going to go get a loan at 9%. So, in the end, car brands shot themselves in the food, and there is no clear way to fix this mess.