German media reveal Porsche in crisis: 8,000 jobs are now at risk
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- เผยแพร่เมื่อ 18 ธ.ค. 2024
- German media reveal Porsche in crisis: 8,000 jobs are now at risk
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Porsche doesn’t even let you bug a GT3 RS unless you’ve bought something before. 😂
I’ve discovered the reason for Porsche’s high production costs. Whenever I watch videos of their assembly plants, the workers are never seen assembling the cars. They’re just lovingly caressing them with a soft white cloth. That won’t get them built. 😂
Lots of plastic and crazy electronics .......increased pricing........ Gee what could go wrong............
And to think they sneered for years at Britain for not manufacturing cars anymore.
I remember how back in the 1960's (and before) everyone in the USA wanted a Cadillac. Then they cheapened the product, lost sight of the market, faced increased competition from the Europeans, and had their lunch eaten. Now they have barely any market share.
Thanks to our german Gouverment!!!
I like your pronounciations my friend
Actually Porsche is pronounced “bang-kruhp-see”
Wakey, wakey... After only fifteen years at least...
Frankly Porsche has been ripping off its so called customer ( victims ) for many years
how can they habe so much debts and think they will be ok at the end .... `?
Porsche....depresiation at its highest and finest!😂😂😂
Buying a Cayenne when for less money you can get a Rivian Rs1 is insane
Let's just look at the New Macan. In Australia, the top versions cost over $200,000 and they don't even include a heads-up display as standard..!! EVERYTHING is an option and EXPENSIVE. I heard on CarWow that in the UK even the rear side-impact airbags are an option.!
ARE THEY KIDDING.??? This is ARROGANCE as an Artform, and the Germans are in the process of paying for it, because it's time it was called out for what it is.
Actually, it's outright corporate greed on the part of Porsche. Prices for their vehicles and the options Porsche offers are highway robbery.
Teslas compare most favorably against Porsche and has stolen their market with superior technology at way lower prices.
Top Turbo version? In Singapore the base model costs SGD$400,000. Very basic options too.
Porsche has no problem selling every ICE 911 they can manufacture, it’s the Porsche EVs that have layed an egg.
911 is only about 20-25% of their sales. It’s far more than the Taycan that’s struggling.
Although, yeah, not fielding a compelling BEV bodes poorly for a future outside being the “911 hobby car” company.
The GT cars are the only things that are any good, and they'll be able to sell those until the cows come home.....
Their SUVs look like all of the rest. Blobs with 4 wheels
Dream on.
Maybe the owners need to be accountable for ruining the company.
They knew this was coming, and ignored it, like most legacy car manufacturers. This is there death spiral, it is a shame but the writing has been on the wall.
First of all, .... the unions do not own the company. If the company needs to close factories, that's their right to do so. If they wish to build new factories in Mexico, that's their right to do so. If they tell the workers that in order for the company to stay in business all workers must take a 10% pay cut. The workers have a choice, they can work at the new pay scale or find a new job. I have no sympathy for the unions, especially when they think they control the company, ...... they are "employees", not owners.
I listened to Tony Seba, seems like 10 years ago, knew ice-extinction was coming. He underestimated the battery price plunge.
They priced themselves out of the market.
Put a stick shift in. Program the car to drive like an ICE, and the sound system with, y'know, squealing tire, and engine noises.
I'm sure you can buy a toy car that does that for you.
Porsche had it coming. Arrogant company. Same for all the other European sportscar brands selling flagship models to insiders only who flip them to collectors for double the price who don't even drive them.
If I were ceo I would sell an electric 911 with twice the power and half the price. Let everyone whobwantscone, buy one, just like tesla.
Make an electric 928.
they crazy overcharge for their cars and rely on their brand name.
If US dealerships weren’t so greedy with additional mark up fees more people would buy the brand. My local dealership wanted 30k over MSRP for a new 992 GTS and 50k over for a GT3
While Porsche has never been cheap the requirement of X amount of options on a car, particularly 911s on already inflated prices is insane. Artificially making GT cars scarce so you have people fighting over allocations has cause buyers with actual cash to go elsewhere. Leaving speculation to run rampant
Hey Porsche, remember when the Swiss refused to make electric, digital watches?
i would never buy a Porsche... unless it was a 911 full BEV.
928 EV RWD or AWD.
They taught them how to build cars, and thought there was nothing to fear.you fools!
Costs in salaries IS NOT the problem since their prices gap is way larger than 7k vs 2k....
time to rent a garage and start handing build a Porche...
Sam it’s your show call em what you like.
Its very unfortunate to witness these events. Nobody like to lose jobs or businesses. However, its a fact of life, that you need to keep improving and innovating - otherwise, you become a relic of the past; such as the typewriter
If I was in a position to buy a Taycan, I wouldn't hesitate personally. The way I see it the whole selling point of their brand is to continually refine their products and the best example of that was the recent refresh that improved range, performance (charging and acceleration) and slightly reduced weight. If all people wanted in life was the best bang for their buck then Coles and Woolworth's would go out of business as everyone would shop at Aldi and Cosco or in this case just buy a base Tesla Model 3 or Y and call it a day.
In Thailand, Porsche has slowly become a symbol of money laundering activities. Money launderers here with dubious businesses will think of buying Porsche first things first. 😂😂😂
It's part negotiating tactic with unions and market realisation re China. Porsche will need to right size. But it's advantages in style and driving ability are strong. They just need to price their EV same as their ICE rather than with a premium.
How do you know the competition is actually better. Yes, Porsche has a high price, but they have a history whereas the Chinese brands don't (not to say this is worth excessive add to the price, but it is something). I've also read (no actual experience) that Chinese build quality is not that great in cases. I can give an example of this: I compared a Volvo S90 to a Mercedes-Benz E350. The assembly quality is noticeably better for the Mercedes-Benz and the price doesn't vary that much between them.
As a consumer I would like to drive a Chinesd EV before make any judgement .
I'm thrilled Porsche is in trouble. When the dealership is telling you that if you want to buy one of those NICE cars... well you'll have to buy a bunch of other cars first... Perhaps a couple of Taycans etc... Then we'll possibly put you on "The List" which says that you may get an allocation some day in the future. if you don't kiss our butt buy buying many cars... forget your dream car. Any company like that... they can shut down. I'll be happy. Tesla. Anyone can go and get a Model S Plaid, get the upgraded package and have one of the fastest cars in the world. ANYONE who can pay, will get one. No kissing Butt !! Porsche make nice cars but I will not support a company like that. Goodbye Porsche! I won't miss you.
Show me on this doll where Porsche touched you 😂
Taking the long view, it is hard to avoid the impression that we are going through a similar event to the switch between horse and cart and the automobile. The legacy auto makers now are analogous to the cart makers at the turn of the century circa 1900 and the new EV makers to the auto makers of that same period.
It took 13 years to trade up to autimobiles from horses and buggy.
Unless i can charge my car in 5 to 10 min (same time to fill a gas tank) I will NEVER buy a shitty EV. Ever…
Then Porsche need to sell their cars cheaper
Have you seen how much it costs to employ a German worker? Multiple times that of countries like China and a lot more than the likes of the UK, Spain etc.
You’re cranking out more quality videos than Lucid is selling cars.
My German cousin pronounces them Porshees.
Sas katch ewan
(Saskatchewan Canadian state)
Porsha (Porsche)
Owdi. (Audi)
Lancha. (Lancia)
Nice job Porche. Now paying the price fro OVER PRICED cars..
Dear Viking, not Porsch, correct is PorschE
Porsche needs to completely downsize to a niche market producer of ICE sports cars using next generation liquid fuel, no EVs.
I had a 911S for 30 years, great car , but in 1970 they only imported 66 S models into the UK RHD market.
A great small manufacturer of hand built cars.
EV car sales are crashing at a rate of 3:1 to gasoline engines! By by EV junk!!!!😮😂😂😂😂😂
Where are you getting your info.listening to the bull thats put out by your the media.ev sales growing worldwide except germany
Any link to your bs .
@jessicayoung1190 yes Jessica!! Ford just lost 170 million from their stupid EV production that was just shut down! GM lost 230 million! Since Dodge announced only EV charger's will be built they are now filing chapter 11!!! Shall I go on you ignoramus! 🥴😊😵💫🪓🤣🤣🤣🤣🤣🤣🤣
So you're saying even luxurious car brands in Germany are suffering (the ones who are not supposed to suffer from high energy cost: A 300k-dollar car is not that different from 350k-dollar car)? So what is left that Germany still has then?
I bought a brand new Porsche in 1969 and another in 1983. I just went shopping for a new 911 but the price put me off. I’m probably going to buy a Tesla. Faster, half the price, longer lasting, safer.
The writing was on the wall "writ LARGE" for sometime now. All part of the plan folks.
Let's see if the Chinese EVs are still working in a few years. Hopefully the quality brands will be able to rebuild themselves.
It's too late to get into EV market .
German car industry was finished once Mercedes decided in 1995 to make poorer quality cars for more profit, the rest followed and then - Diesel gate.
Boooosh!
I'm confused. I understand there is only one Earth and only one atmosphere. In order for these battery Cars to be zero emissions, that would require a big exhaust pipe to extend up from places like Africa, to outside Earth's atmosphere. That because very large equipment, running on diesel and gasoline are used to move 100s of thousands of tons of earth to make these batteries. By any chance, is this "Tube" thingie, that Musk developed, the needed tailpipe to make this whole production zero emissions? Just askin'
going EV was big mistake Porsche made , Porsche customer doesn’t want EV , they want powerful ICE engine , with strong growl … btw , it’s not PorschA or Porsch , correct is PorschE , with E like in Eco or Enter
Agree. This result and current situation was so clear to me an unsophisticated observer. I wonder why they continued down the EV path. I’d also bet money EVs will not reach the 2035 market share the experts are predicting. Most places don’t have the infrastructure to support the power demand.
I remember in 2017 when we were told self driving would be here in 2020…
Everyone is comparing how much cheaper Chinese evs are BUT no one is talking about their reliability and most important safety! Have you ever tried to put new Chinese battery in your phone? How reliable is it?
Tell us how to put a battery in a Chines phone .
iPhones and iPhone batteries are made in China. Is there a quality issue.
They are better quality and safer and cheaper and THAT is the problem for the old legacy automakers. Many people only say they hate Chinese cars because of racial prejudice.
This video has made me realise that Porsche cannot survive the EV revolution. Their main appeal is the magnificent engine that the wealthy are prepared to pay big time for. Put an electric motor in it and there goes its main selling point. Now that overall fit, finish and general body quality can be matched by the Chinese makes, what is left that Porsche can use to make their cars appealing?
Their suspension-handling is sublime, exquisitely balanced. It’s definitely more than the engine.
However all those decades of experience with tuning the cars does assume ICE power train via the thrust & mass distribution coming with that. So they need to rebuild that, losing some of their built-up edge.
They will. They just want to set themself as high end, so had to set a price accordingly.
Exactly. So now they install engine audio to make it sound like a real engine. Thats like ordering an elite escort just to find out its a bloke with a wig and make up.
Yes and they only give 2 years of warrenty on cars that expensive 😂
@@aoeuuaoaou EVs are heavier and are not known for their handling.
Beside Germany and the UK begging for Business from China, China isn't doing that well itself l.
1.4 billion people needs to be fed.
With export down and manufacturers going out of business, you can only expect luxury brands not being sought after.
Sales for Rolex and LV is down doubt digits in China.
What goes around comes around.
The whole world is waking up to the luxury brand nonsense. 1.4 billion people and 500 million of them are middle class and richer that most Europeans never mind the poor old US.
I owned 3 porches. Now I drive toyota hilux trucks and am happier for it. German cars, BMWs, Audi, Mercedes, VWs, and Porsches are no longer viable. Nice to look at, but a dead end
A Porsche is a rich guy's toy. It's not so much a serious option for a family who only want to own one car.
you are right i had Mercedes S320 it had too many issue & expensive to fixed ,it look good not last ,now I end up with driving toyota
Porsche is not for you , keep your Toyota …
if Porsche need to ave cost the only close all Germany factories and move to China and use their technologies it will boost sell & create net huge income (Chinese love these car so much)
Porsche is closing dealerships in China .
There is an issue with borrowing and debt the second is bench marking their product at premium prices against the upper end of Tesla cars as the base. Tesla has been selling ordinary cars post early adopters paying premium their cars in Europe and USA with subsidies from the government in protected markets. Porche will see themselves as selling their cars for the most basic models at a 20% mark up to Tesla and their own petrol car but the expectations of the customer is a slight price increase from the petrol car not a $20000 price differential. So what would all the European car companies and Tesla do : lobby their government,use fear of a jobs meltdown, encourage protectionist policies like tariffs, ask for more subsidies and bail outs, ask for the government to mandates for ev use to change, try and introduce hybrids as a stopgap . Then use dirty tricks no one attack the quality of Chinese’s cars, steal technology from the Chinese manufacturers, lie about their products such as performance and quality which they have done before. For the owners while that is going on continue to pay themselves dividends and bonuses award themselves loans etc and write them off as bad debts and commit fraud by hiding losses through false accounting and internal transfers . Book paper profits on revaluation of assets then retire. Then there is good old bribery band corruption all politicians are for sale through lobbying and overseas bank accounts. These people have not developed new markets and models for the rest of the world and are in full retreat. Germany is really going to be bad due to the cost of energy. Btw America has trump and Elon musk has his ear and I expect musk will opportunistically seek the destruction of legacy car makers. But I am guessing that all car makers have grenades of undiscovered debt in their balance sheets
Por-sha is the German pronunciation. In the US (and apparently in Australia) we say Posh. Love you podcast.
No we don’t just people who don’t know
It is definitely not correct to end it with an 'a'.
Why buy a 911 for performance when a Tesla Plaid can smoke it 0-60? Why buy a Panamera or Cayenne when a Tesla Model X or Rivian can annialate those as well 0-60? Porsche is in trouble.
It's fascinating watching how battery tech has improved over the years along with charging tech and time. Lithium batteries were first used in 1991 and look how much better they are today, a mere 45 years later.
The stupidity of EV and the even more stupid financial speculation on the transition
First
3rd
Here in the US I've always heard Porsche pronounced Porsch. Also, I recently learned that Hyundai is properly pronounced just like Sunday with an H like Hunday.
Keep butchering the names...it shows how out dated these BRANDS are.
Who gives a toss how you pronounce Porsche. stay focussed. jesus.
Well said👍