When the EU was formed the goal was for southern Europe to become more like Northern Europe. Now it looks like Northern Europe is going to become more like southern Europe.
That’s what people thought of the UK car industry in the 70s and 80s, but if you keep making bad cars for long enough even the die hard enthusiasts stop buying.
VW have always been expensive in the UK, the justification being they were of superior quality, over the last 10 years people are coming to the realization that they are paying extra for something that doesn't exist and that other brands are now superior and at a lower cost.
I have seen UK market road tests of the T-Roc, that make the same point: it is very expensive, for what it is. Here in the US, Stellantis and Ford are working the same business plan: increase price, while reducing quality. Globally, VW's warranty claims expense is only exceeded by Ford's. In the US last year, the average transaction price, across the industry, was about $48,000. Stellantis' ATP was over $53,000, and the company bragged it was the highest ATP in the US. And Stellantis takes that much money off of people without a "luxury" brand like Cadillac or Lexus. They just price Jeeps like they were Range Rovers.
Since around 2010 VAG cars have been overpriced, EV legacy manufacturers have always been way overpriced. People are realising this and refusing to pay thier overinflated Prices.
VW Group will declare bankruptcy this summer, not in 2026. The financial picture is already clear, they are bankrupt but don't want to admit it. At $200 Billion already, the debt is beyond comprehension. And since both the management and the union are escalating their disputes, it will just accelerate the downfall.
This guy realy has no clue what he is talking about... Porsche Se can payout Dividens to shareholders because the have Majority stake in Volkswagen AG... look how much they made so far this year. 2.3 billion this year... 'The expected need for impairment is not cash-related, but purely balance-sheet-related' Its just a paper loss for the more slow thinking people out there. For this channel i have to think of the blind leading the blind haha
Moore's law is the observation that the number of transistors in an integrated circuit (IC) doubles about every two years. It has nothing to do with production costs. FWIW Dave’s law states the probability of energy intensive industries surviving Germany’s green policies is approaching zero.
This is what happens when you can't sell ICE vehicles in China! Yes, China has moved to a new technology and the legacy car makers are being left behind.
The price of a battery depends on where you source it and under what contract. Can't use industry average battery price when you discuss German car production.
If you you would have to pay Belgium electricity prices and you live in a Belgium midevil city with very limited parking ability so you have to rely on the rare and even more expensive public charging network you would understand why you can't possibly compare your situation in Australia with ours.
Sam are you going to cover the destroyed wind and solar factories in Wales? And the resulting silica contamination of the ground? Miles and miles of debris which the locals will say take most of next year to replace. Can the wind turbine blades be recycled or are they scrap? Beautiful country side that could have been used for food, green spaces, parks, instead destroyed for those environmentalists who think net zero is the only solution.
@ silica is toxic to human respiratory system. it’s the same stuff in solar panels. Do you really think it’s ok to let it into the atmosphere? Or the ground? It’s also found in concrete.
Sniffing flour right out of the bag, or doing cocaine is more 'toxic' - even a surplus of oxygen or drowning in a bathtub... Stop your alarmistic FUD of petrol and nuclear lobbies in Britain!
@@brulsmurf They might be trying to be too nice, but they are not that nice. ID7 looks like a blancmange. B5/B5.5 Passat had simple utilitarian good looks.
Net Assets about $65BN, take it from an accountant, the losses and impact of their current problems are significant to the group. It doesn’t mean they are Bankrupt, but they are suffering.
The prices of cars in Europe have almost doubled in the past 4 years, manufacturers need to take a hit. I’ve been holding on to my old tdi, recommend everyone to not buy a new car until the prices come down again
Porsche is about 75 percent owned by VW Group, the rest is held by the Porsche families and some by the public since they did an IPO a few years ago to gain more independence. Interestingly, Porsche SE, the family's holding company, owns about 32 percent of VW Group, said to be a controlling interest. It's super complicated, as Sam points out. But it's within the realm of possibility that Porsche could completely split from VW Group and save themselves. It would take the financial wizards in Frankfurt to figure out if it's possible, but I'll bet there's Porsche family who'd love to get a divorce. If they could launch high end, high performance EV cars that are competitive, a big If, they might save themselves. If the house is burning, run!
If Porsche owns a third of VW, then all the more fool on them. However, If they split? that would be very interesting indeed -- as Porsche and VW are not really in the same space.
@TerryHickey-xt4mf Yeah there's articles going back to 2008 when Porsche wanted to buy VW butin 2012 VW bought Porsche in a power struggle.. It's complicated. But back then nobody thought about EVs or that VW would get caught in an emissions scandal or that IG Metall, the union would go insane. Porsche shoulda steered clear. But big egos make you blind sometimes.
Porsche actually owns the majority shares for the relevant decision shares of VW. It's hard to explain, but in short they own more than 50% of the shares of VW, that actually matter about internal control of the company. VW is practically a company of Porsch, whilst on paper Porsche is owned by VW. Nasty stuff, but they both depend on each other and yet hate each other and there is just conflict internally... probably because of this structure.
They didn’t anticipate the Trump effect 😂😂😂 or the ability of the Biden administration to @#$& this up, and for Americans to resist their Jedi mind tricks… talk about front row seats to the circus. Some of these CEOs must be laughing at whoever coerced them into following these crazy policies 😂😂😂 If you guys need a CEO on 20 million a year to take the hard decisions give me a call 🫡🤫🫣🤭🤥
The valuation of *Big Auto* companies will shrink like balloons with their air let out, that's when they don't just burst. Hundreds of billions of dollars will just be wiped from the slate of the world's economy.
The electric cars by VW are built with classic manufacturing techniques. So automation levels and reduction of parts still have not come to bear significantly. Furthermore Mr Habeck is the reason for the rise in Electricity costs. So he should not really be surprised at the state of production costs in Germany
The legacy automakers in the USA are in just as horrible condition or even worse. They will all file for bankruptcy within the next 10 years probably. But the difference is that there are other new industries to partly offset the loss of jobs in the auto industry. With Europe, and Germany in particular, I’m Not so sure. The fall of the European auto industry could be catastrophic.
Especially in Germany since politicians gave up on most other industries, judging them as pointless. Germany was ruled by conservatives for 16 years and they always said Germany is the land of engine builders and we do not need other industries. Even the new upcoming chancellor (we will have elections early next year) and his followers said in recent interviews Germany should focus on ICE and not bother with EVs. In their opinion the reason of VWs demise is too much focus on EV. With that said I seriously doubt the future of German car makers.
@@haderlumpi lol what are you talking about, Germany is constantly on of the most complex Economies in the World (6th)...ahead of US(14th) and China (18th). The share of cars in exports is only 7-8%, what about the services Sector? like finance and isnurance, Medical sector, electronics, Textiles machinery, ship engines, Aircraft...lmao just engineers, where you you live to to come up with something like that?
Neither the US or the European car makers will file for bankruptcy. You're making things up. EVs will fail, everyone will go back to ICE cars and Germany will be king of cars again
How could the Eurozone and Germany in particular expect any other out when it allowed the US to dictate it's energy policy.........Without so much as a whimper from German polititians. Germany,once the industrial power house of the EU is now almost an industrial basket case.............
If this isn’t a tax avoidance scheme then it’s an opportunity for Porsche to clean up their reputation in terms of setting high unrealistic prices for their 911
Everything from 4.0 software is totally fine, quite snappy and it has quite useful functions like manual preheating of the battery or apple carplay and android auto, unlike tesla.
I wonder if that's anything to do with German car manufacturers literally killing people for money by faking emissions tests... nah, that can't be it, just commenters being heartless.
Porsche, You have to buy 2 or 3, or 4 lesser porsche cars/ SUV/ junk, THEN the dealer will let you order one of their "special" cars, GT3's, spyder, special edition cars. As an Ex-porsche owner, I hope they go bankrupt. It's just an expensive VW. Nice car but REALLY?????? My next car will be Corvette C-8 ZO6.
Ferrari seems to have success with doing similar. It's of course ment to increase the prestige in owning such an special edition. To many wealthy people in the world today, luxury brands try to find ways so it takes more than that just having the money to own some things. The company I work at made an special designed product for Balenciaga (fashion brand). Only 20 pieces was made and only selected Balenciaga VIP customers got the offer to by one. Music megastar Beyonce have been seen with one of these in public.
Ford declared their ev department wiuld be seperated off. Giving them free rain. That could never be. EVs are computer tech in value. Without mastery of that removes so much failure is always going to be the outcome. Tesla is based on tech, not cars. Watching You Tube, so many presintations of old cars, powerful cars, quick cars, and racing cars. This promoting of new cars this way was exposed when the millitary recruteing people spent a fortune in Stock Car racing, without a return. They found men over fifty were following that. Hollywood and TV keeps car racing in the public eye. I have never wanted to attend but have been drawn along. Petrol powered polution is ten times more important.
Better still, BYD or SAIC. While the Chinese are about it, they could create some battery production in Europe, which is clearly beyond the capacity of the locals.
I bought a Tesla Model Y in Switzerland. Great price, very nice and practical car. Suitable for long journeys. Most Germans only buy German cars. They prefer the dirty diesel and call it "clean". If you are travelling at 180 km/h on the AUTOBAHN, then an electric car is not the right choice. Germany is an open-air zoo. The only country in the world without a speed limit. O.k. I'm not sure about North Korea... ;-)
At 200km/h EVs have less than half of the specified range. Same is true for ICE cars, but they can refuel rapidly mid journey, so it is understandable for some Germans EV means a compromise or downgrade. Also, if You pay market rates for electricity, then savings are miniscule. However, many german homes have solar and then it becomes a lot more attractive
Just yesterday I've read an article where EU demands from China technology trade to catch up in EV software. Personally I expect to see China demanding back from EU - Netherlands technology in lithography and semiconductor technology to agree on this trade.
Nobody really wants a weak split case engine in a modern sports car. You can not sell a VW for porche money.. Where is the real VW type 1 for the 21st century? Thanks
For those unions and workers who demand a cut of the profits when the company makes money... will they accept a pay cut now? OR... does sharing the outcomes only work when the team wins?
An industrial economy cannot be competitive with high energy costs. Germany, due to the Green follies, has prematurely moved to “Green energy source”. Solar and wind are simply not viable in a country like Germany. The decision to close nuclear was critical. The chemical and industrial industry cannot compete with, among, the highest energy costs in Europe. This, plus the forced push to electric cars is destroying VW.
BS! The energy prices in Germany have been falling since the peek caused by the Covid pandemic and have returned to pre-crisis levels: Year | Average Electricity Cost (€/kWh) ------------------------------------------- 2014 | 0.14 2015 | 0.15 2016 | 0.16 2017 | 0.17 2018 | 0.18 2019 | 0.19 2020 | 0.31 2021 | 0.28 2022 | 0.19 2023 | 0.19 So, the real problem here is not "Green follies", as you find it appropriate to call it, but the exploding cost of fossil fuels during the pandemic, the Ukraine war and the sluggish rollout of renewables and storage capacity, for which the previous governments under conservative leadership are to blame. And it is not the "forced push to electric cars", but the ineptitude, arrogance and cowardice of the management and the owner families that are destroying Volkswagen. They have spent invaluable time lobbying for their old business model, have ignored all warning signs and rather betrayed their customers than prepare for the future and disrupt themselves before the Chinese did, all the time raking in obscene amounts of money that is now missing for investments into the future. They have nothing and nobody to blame but themselves!
The people voted for mass immigration and ridiculous woke policies including ending nuclear power that are well on the way to destroying the country and its proud culture. Welcome to your impoverished Islamic state.
Wind, at least, and some solar, are perfectly viable in Germany. Depending on Russia wasn't. But you have one point: premature nuclear closure was a critical error.
Chinese own the Italian company that makes the ,…. Gigapress !! Without those you can’t make cars in less than 30hrs per car - with it down to under 10 ,…. Going down to 5 hrs Good night Vienna Should be theme song
The problem with all the debt VW Toyota and others are in is not that they are in debt it is that they are now unable to service that debt at 0%. Toyota is paying over $1.3 billion a month just to service its debt burden . With regard to Porsche and VW I tried and failed to understand the deep and complicated financial ownership arrangement they have between them . Even AI I could not figure it out! I didn’t get very far with understanding what the write down was about either but as far as I could tell investors and stockholders demanded clarity. Assess on balance sheets are funny things and allow insolvent companies to appear solvent for years if not decades.
Porsche already has EVs that are popular. Hopefully they continue the development process and transition after this financial crisis of the parent company.
The Germans have been way too slow to react to the rapidly evolving EV market. They are basically running sheltered auto manufacturing workshops, whilst manufacturers with the world's most advanced highly automated production lines and cheapest labour take over global auto markets.
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Chinese own the Italian company that makes the ,…. Gigapress !! Without those you can’t make cars in less than 30hrs per car - with it down to under 10 ,…. Going down to 5 hrs Good night Vienna Should be theme song Oh and they have to build EV’s w😅th one central computer like Tesla Can’t do that either !! Huge unemployment in Germany
Hi. Great videos. Subscribed. I live in Thailand. Looking forward to a BYD shark coming here hopefully 🤞. I need to get a small, mid size car to replace my old Nissan march. Any recommendations for someone living here? While I wait for the shark 🦈
When the EU was formed the goal was for southern Europe to become more like Northern Europe. Now it looks like Northern Europe is going to become more like southern Europe.
I believe VW will survive in Germany because of brand loyalty. Outside of Germany it is going to be tough.
That’s what people thought of the UK car industry in the 70s and 80s, but if you keep making bad cars for long enough even the die hard enthusiasts stop buying.
HD warned them that this will happen and he got the sack. They need to pull their socks up and fast but im not sure the top brass are capable.
It will survive outside as well
So like Fiat in Italy.
VW have always been expensive in the UK, the justification being they were of superior quality, over the last 10 years people are coming to the realization that they are paying extra for something that doesn't exist and that other brands are now superior and at a lower cost.
I have seen UK market road tests of the T-Roc, that make the same point: it is very expensive, for what it is.
Here in the US, Stellantis and Ford are working the same business plan: increase price, while reducing quality. Globally, VW's warranty claims expense is only exceeded by Ford's. In the US last year, the average transaction price, across the industry, was about $48,000. Stellantis' ATP was over $53,000, and the company bragged it was the highest ATP in the US. And Stellantis takes that much money off of people without a "luxury" brand like Cadillac or Lexus. They just price Jeeps like they were Range Rovers.
I drove Volkswagen ID.7 GTX tourer for a day. It's the best electric car I ve driven by far! Soon I'll try Audi A6 etron . Looking forward to it.
You're full of it.
Hope they overcome the difficulties. Porsche Taycan if you ask me 😊
LOL...is that a joke? they are known for being shite EVs
So you are saying you drove just one EV so far?
In Norway vw only selling el- cars
If you live in Europe you know that VW cars are way too expensive for what they are
Not really
if you live in germany (as i do) you know all german cars are way too expensive.....
@@stratman9449 Then buy a Skoda, which is also owned by VW.
@@xen.7140 skodas are almost the same price if you go for the same trim, lets say an elroq and id4 EVs
@@stefanhaeussler821 Yeah and what about Skoda Fabia, Octavia, Karoq vs VW Golf, Passat, T-Roc? EVs make up
Since around 2010 VAG cars have been overpriced, EV legacy manufacturers have always been way overpriced. People are realising this and refusing to pay thier overinflated Prices.
Just got my XAI105x tokens! Thanks for the informative video that led me here!
SCAM - STAY AWAY
I love how you broke down the XAI105x project in your video! Can’t wait to see it skyrocket!
Germany will almost certainly bail them out.
VW Group will declare bankruptcy this summer, not in 2026. The financial picture is already clear, they are bankrupt but don't want to admit it. At $200 Billion already, the debt is beyond comprehension. And since both the management and the union are escalating their disputes, it will just accelerate the downfall.
You called it a month ago and now XAI105x is blowing up glad I listened
Bought XAI105x after watching your video and others, super excited! 💰
This guy realy has no clue what he is talking about... Porsche Se can payout Dividens to shareholders because the have Majority stake in Volkswagen AG... look how much they made so far this year. 2.3 billion this year...
'The expected need for impairment is not cash-related, but purely balance-sheet-related'
Its just a paper loss for the more slow thinking people out there.
For this channel i have to think of the blind leading the blind haha
Not sure where you get all your information but wow. Thank you
Moore's law is the observation that the number of transistors in an integrated circuit (IC) doubles about every two years. It has nothing to do with production costs.
FWIW Dave’s law states the probability of energy intensive industries surviving Germany’s green policies is approaching zero.
This is what happens when you can't sell ICE vehicles in China! Yes, China has moved to a new technology and the legacy car makers are being left behind.
Simple as that.
I solely believe XAI105x will do 20x after its launch price, the hype is high and its community are not relenting.
The Germans rested on their laurels instead of investing in EVs
Also woke morons run these companies to the ground
Who wants a poofs car
@ Why? Are you selling one?
The price of a battery depends on where you source it and under what contract. Can't use industry average battery price when you discuss German car production.
If you you would have to pay Belgium electricity prices and you live in a Belgium midevil city with very limited parking ability so you have to rely on the rare and even more expensive public charging network you would understand why you can't possibly compare your situation in Australia with ours.
China?
I Like how he is using moores law, without know what it is
Another very good video updating the extraordinary developments in Germany. Thank you very much.
Write off is just another way of reducing tax, if they had a profit before hand
Just about same money they had to cough up for dieselgate.
Wrights Law, NOT Moore's Law!
Sam are you going to cover the destroyed wind and solar factories in Wales? And the resulting silica contamination of the ground? Miles and miles of debris which the locals will say take most of next year to replace.
Can the wind turbine blades be recycled or are they scrap?
Beautiful country side that could have been used for food, green spaces, parks, instead destroyed for those environmentalists who think net zero is the only solution.
'Silica debris' 🤪- you mean sand and pebbles on the beach?
If he could be bothered to waste his time, he could tell you you're full of BS.
@ silica is toxic to human respiratory system. it’s the same stuff in solar panels. Do you really think it’s ok to let it into the atmosphere? Or the ground? It’s also found in concrete.
Sniffing flour right out of the bag, or doing cocaine is more 'toxic' - even a surplus of oxygen or drowning in a bathtub...
Stop your alarmistic FUD of petrol and nuclear lobbies in Britain!
@@brilanto
You're very naughty.
😉
Does not help that VW EV's are not very nice, internally or externally. Old Golfs and Passats in the past were utilitarian but nice.
Every EV is Junk
Still way better looking than any Tesla
They are too nice. For a lot of people a car is just a number in a spreadsheet. People want cheap, utilitarian and easy to maintain.
@@brulsmurf They might be trying to be too nice, but they are not that nice. ID7 looks like a blancmange. B5/B5.5 Passat had simple utilitarian good looks.
VWs EVs are the epitome of non design....boooring VW at it's best, like so much of their stuff in the past.
The potential of XAI105x is unreal! Excited to see where this goes after watching your video!
Total assets of 600 billion nothing to worry about! A few good models developed and sold with good sales numbers then back on track!
Net Assets about $65BN, take it from an accountant, the losses and impact of their current problems are significant to the group. It doesn’t mean they are Bankrupt, but they are suffering.
The prices of cars in Europe have almost doubled in the past 4 years, manufacturers need to take a hit. I’ve been holding on to my old tdi, recommend everyone to not buy a new car until the prices come down again
Oh and Tesla did buy Groehmann engineering too
Best automation co Germany used to do production lines !!
Porsche is about 75 percent owned by VW Group, the rest is held by the Porsche families and some by the public since they did an IPO a few years ago to gain more independence. Interestingly, Porsche SE, the family's holding company, owns about 32 percent of VW Group, said to be a controlling interest. It's super complicated, as Sam points out. But it's within the realm of possibility that Porsche could completely split from VW Group and save themselves. It would take the financial wizards in Frankfurt to figure out if it's possible, but I'll bet there's Porsche family who'd love to get a divorce. If they could launch high end, high performance EV cars that are competitive, a big If, they might save themselves. If the house is burning, run!
If Porsche owns a third of VW, then all the more fool on them. However, If they split? that would be very interesting indeed -- as Porsche and VW are not really in the same space.
@TerryHickey-xt4mf Yeah there's articles going back to 2008 when Porsche wanted to buy VW butin 2012 VW bought Porsche in a power struggle.. It's complicated. But back then nobody thought about EVs or that VW would get caught in an emissions scandal or that IG Metall, the union would go insane. Porsche shoulda steered clear. But big egos make you blind sometimes.
Porsche actually owns the majority shares for the relevant decision shares of VW. It's hard to explain, but in short they own more than 50% of the shares of VW, that actually matter about internal control of the company. VW is practically a company of Porsch, whilst on paper Porsche is owned by VW. Nasty stuff, but they both depend on each other and yet hate each other and there is just conflict internally... probably because of this structure.
Herbert Diess was biffy and poshy Porsche retirement plan
its still wrights law
Ferdinand Piech is the problem.
German car industry is kaput.
They didn’t anticipate the Trump effect 😂😂😂 or the ability of the Biden administration to @#$& this up, and for Americans to resist their Jedi mind tricks… talk about front row seats to the circus.
Some of these CEOs must be laughing at whoever coerced them into following these crazy policies 😂😂😂 If you guys need a CEO on 20 million a year to take the hard decisions give me a call 🫡🤫🫣🤭🤥
not yet...but very soon so.....
No it isn't. You keep commenting that under every video and you're wrong every time
@@stratman9449No.
The valuation of *Big Auto* companies will shrink like balloons with their air let out, that's when they don't just burst.
Hundreds of billions of dollars will just be wiped from the slate of the world's economy.
The electric cars by VW are built with classic manufacturing techniques. So automation levels and reduction of parts still have not come to bear significantly. Furthermore Mr Habeck is the reason for the rise in Electricity costs. So he should not really be surprised at the state of production costs in Germany
I would like to see Porsche and Audi survive and somehow separate themselves from the doomed VW group. I like those 2 brands.
HOW CAN THEY DO IT, IF ANY PORSCHE WOULD FACE FALL IN VALUE IN ITS INVESTMENTS IN VW, BUT NO WAY VW CAN TRASFER LOSSES TO PORSCHE
VW is Fuched !
Please put the sources in your video descriptions.
May be they should start charging higher for heated seat subscription or some gen z marketing campaign
that is the trouble, in China all this stuff is standard, and more..
VW will charge over the air every time the owner wants to open the fuel/battery flap.....
You seem to enjoy reporting on how bad the German automotive industry is doing, thank you very much!
Vorsprung durch technik..
As Germans still like to imply
We love to hear how the Germans (ownselves screwed ownselves), this serve as a constant reminder not choose idiots as leaders. 😂😂
I drove Volkswagen ID.7 GTX tourer for a day. It's the best electric car I ve driven by far!
Your confusing Moore's Law with Wright's Law.
The legacy automakers in the USA are in just as horrible condition or even worse. They will all file for bankruptcy within the next 10 years probably. But the difference is that there are other new industries to partly offset the loss of jobs in the auto industry. With Europe, and Germany in particular, I’m
Not so sure. The fall of the European auto industry could be catastrophic.
Especially in Germany since politicians gave up on most other industries, judging them as pointless. Germany was ruled by conservatives for 16 years and they always said Germany is the land of engine builders and we do not need other industries. Even the new upcoming chancellor (we will have elections early next year) and his followers said in recent interviews Germany should focus on ICE and not bother with EVs. In their opinion the reason of VWs demise is too much focus on EV. With that said I seriously doubt the future of German car makers.
@@haderlumpi lol what are you talking about, Germany is constantly on of the most complex Economies in the World (6th)...ahead of US(14th) and China (18th). The share of cars in exports is only 7-8%, what about the services Sector? like finance and isnurance, Medical sector, electronics, Textiles machinery, ship engines, Aircraft...lmao just engineers, where you you live to to come up with something like that?
Neither the US or the European car makers will file for bankruptcy. You're making things up. EVs will fail, everyone will go back to ICE cars and Germany will be king of cars again
@@haderlumpiThey were right
How could the Eurozone and Germany in particular expect any other out when it allowed the US to dictate it's energy policy.........Without so much as a whimper from German polititians.
Germany,once the industrial power house of the EU is now almost an industrial basket case.............
What happed to Porsche KG ? The Family holding.
I still cant get a GT3RS, because I dont buy enough VAG products. GFTO
If this isn’t a tax avoidance scheme then it’s an opportunity for Porsche to clean up their reputation in terms of setting high unrealistic prices for their 911
R.I.P. for their share holders.
Who cares about them, they can get themselves together by bootstraps
Diehards
every investment has risk factor...
But Europe has no viable software for their EVs yet, blew a stack of $$$s on Cariad,. FVW has its roof on fire, so does Stelliantis.
10 years ago, China stated that they would go the ev way, and nobody in the west seemed to take any notice, until now of course.
VW are using local software in China.
Everything from 4.0 software is totally fine, quite snappy and it has quite useful functions like manual preheating of the battery or apple carplay and android auto, unlike tesla.
This guy knows nothing about Moore's law 😂
Here’s an external evaluation. Dividends or no dividends, run like hell from VW as an investment.
Thanks to EVs
We don't need more cars. We have enough
It’s all just sad news about the German car manufacturers. But always the comments are always heartless.
The car manufacturers didn't give us the hearts when they were on cloud 9.
Pity the poor old nazis
I wonder if that's anything to do with German car manufacturers literally killing people for money by faking emissions tests... nah, that can't be it, just commenters being heartless.
Wrights law!
Porsche, You have to buy 2 or 3, or 4 lesser porsche cars/ SUV/ junk, THEN the dealer will let you order one of their "special" cars, GT3's, spyder, special edition cars. As an Ex-porsche owner, I hope they go bankrupt. It's just an expensive VW. Nice car but REALLY?????? My next car will be Corvette C-8 ZO6.
Ferrari seems to have success with doing similar. It's of course ment to increase the prestige in owning such an special edition. To many wealthy people in the world today, luxury brands try to find ways so it takes more than that just having the money to own some things.
The company I work at made an special designed product for Balenciaga (fashion brand). Only 20 pieces was made and only selected Balenciaga VIP customers got the offer to by one. Music megastar Beyonce have been seen with one of these in public.
Corvette? GM is in deep shit too as no-one wants their EVs, least of all truck users where this tech is not fit for purpose.
"Piëch" - it's not pronouced "Peach", rather "Pee-ach".
Porsche is "Por-sha";
Volkswagen is "Folksvagen".
Everything gets anglicised .
Annoying !.
@@peetfourie5193 spare your breath...the brits (i've been married for 50 years to one) will NEVER ever learn that......haha....
Shut up
Might the best one win
Ford declared their ev department wiuld be seperated off. Giving them free rain. That could never be. EVs are computer tech in value. Without mastery of that removes so much failure is always going to be the outcome. Tesla is based on tech, not cars. Watching You Tube, so many presintations of old cars, powerful cars, quick cars, and racing cars. This promoting of new cars this way was exposed when the millitary recruteing people spent a fortune in Stock Car racing, without a return. They found men over fifty were following that. Hollywood and TV keeps car racing in the public eye. I have never wanted to attend but have been drawn along. Petrol powered polution is ten times more important.
Elon should buy some of these good auto brands like Porsche and rebuild them as EV s going forward to keep the brand before it disappears forever.
Better still, BYD or SAIC. While the Chinese are about it, they could create some battery production in Europe, which is clearly beyond the capacity of the locals.
Not first or GAF
I bought a Tesla Model Y in Switzerland. Great price, very nice and practical car. Suitable for long journeys. Most Germans only buy German cars. They prefer the dirty diesel and call it "clean". If you are travelling at 180 km/h on the AUTOBAHN, then an electric car is not the right choice. Germany is an open-air zoo. The only country in the world without a speed limit. O.k. I'm not sure about North Korea... ;-)
At 200km/h EVs have less than half of the specified range. Same is true for ICE cars, but they can refuel rapidly mid journey, so it is understandable for some Germans EV means a compromise or downgrade. Also, if You pay market rates for electricity, then savings are miniscule. However, many german homes have solar and then it becomes a lot more attractive
Ioniq 5n on Nüburgring kicks ass.
Greed is the problem. The leadership greed.
make germany great again
Just bought my first XAI105x tokens! Your video made it clear this is a must-have in my portfolio
Just yesterday I've read an article where EU demands from China technology trade to catch up in EV software.
Personally I expect to see China demanding back from EU - Netherlands technology in lithography and semiconductor technology to agree on this trade.
It's the cost of manufacturing, not the tech. For one thing, Chinese auto industry has no unionized workers.
Moore's Law?
You keep making stoopid errors like this.... try Wrights Law
He is not the sharpest knife in the kitchen, is he?
@markodraksic3800 🤣
Wright's law, not Moore's law
Nobody really wants a weak split case engine in a modern sports car. You can not sell a VW for porche money..
Where is the real VW type 1 for the 21st century?
Thanks
It's time to repair Nordstream
Gosh who will buy them out ??
Wright's law not Moores law is the one you meant. Look it up.
Nope, he meant Wong's Law.
It's all lore to me
For those unions and workers who demand a cut of the profits when the company makes money... will they accept a pay cut now? OR... does sharing the outcomes only work when the team wins?
An industrial economy cannot be competitive with high energy costs. Germany, due to the Green follies, has prematurely moved to “Green energy source”. Solar and wind are simply not viable in a country like Germany. The decision to close nuclear was critical. The chemical and industrial industry cannot compete with, among, the highest energy costs in Europe. This, plus the forced push to electric cars is destroying VW.
It is all about making EVs. You don't care about China, then you fail.
BS! The energy prices in Germany have been falling since the peek caused by the Covid pandemic and have returned to pre-crisis levels:
Year | Average Electricity Cost (€/kWh)
-------------------------------------------
2014 | 0.14
2015 | 0.15
2016 | 0.16
2017 | 0.17
2018 | 0.18
2019 | 0.19
2020 | 0.31
2021 | 0.28
2022 | 0.19
2023 | 0.19
So, the real problem here is not "Green follies", as you find it appropriate to call it, but the exploding cost of fossil fuels during the pandemic, the Ukraine war and the sluggish rollout of renewables and storage capacity, for which the previous governments under conservative leadership are to blame. And it is not the "forced push to electric cars", but the ineptitude, arrogance and cowardice of the management and the owner families that are destroying Volkswagen. They have spent invaluable time lobbying for their old business model, have ignored all warning signs and rather betrayed their customers than prepare for the future and disrupt themselves before the Chinese did, all the time raking in obscene amounts of money that is now missing for investments into the future. They have nothing and nobody to blame but themselves!
The people voted for mass immigration and ridiculous woke policies including ending nuclear power that are well on the way to destroying the country and its proud culture. Welcome to your impoverished Islamic state.
Wind, at least, and some solar, are perfectly viable in Germany. Depending on Russia wasn't. But you have one point: premature nuclear closure was a critical error.
26% of not much is next to nothing.
I'm happy I saw the video for the XAI105x crypto token or else I would've missed it lol
Chinese own the Italian company that makes the ,…. Gigapress !!
Without those you can’t make cars in less than 30hrs per car - with it down to under 10 ,…. Going down to 5 hrs
Good night Vienna
Should be theme song
Will need to sell it to the Chinese soon or later
There is no project like XAI105x...it is literally owned by Elon Musk
I'd like to see who will be buying all those Chinese cars once the EU economy collapses
The problem with all the debt VW Toyota and others are in is not that they are in debt it is that they are now unable to service that debt at 0%. Toyota is paying over $1.3 billion a month just to service its debt burden . With regard to Porsche and VW I tried and failed to understand the deep and complicated financial ownership arrangement they have between them . Even AI I could not figure it out! I didn’t get very far with understanding what the write down was about either but as far as I could tell investors and stockholders demanded clarity. Assess on balance sheets are funny things and allow insolvent companies to appear solvent for years if not decades.
EVs don’t make money
Porsche already has EVs that are popular. Hopefully they continue the development process and transition after this financial crisis of the parent company.
Popular? How many have they sold
I didnt know they had such 😂
The Germans have been way too slow to react to the rapidly evolving EV market. They are basically running sheltered auto manufacturing workshops, whilst manufacturers with the world's most advanced highly automated production lines and cheapest labour take over global auto markets.
Thankfully EV craze won't last and Germans will dominate again
@@thewolf9851
Hopefully the germans are still around by then.
@FrankiePo89 They will be.
@@thewolf9851
Hope
@FrankiePo89 I don't need to. I know.
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I still remember who much The Electric Viking was jyping up Nio...
Some of their debt is due to lending to their buyers. Which they will make money on
Chinese own the Italian company that makes the ,…. Gigapress !!
Without those you can’t make cars in less than 30hrs per car - with it down to under 10 ,…. Going down to 5 hrs
Good night Vienna
Should be theme song
Oh and they have to build EV’s w😅th one central computer like Tesla
Can’t do that either !!
Huge unemployment in Germany
Well,, I can see a derivative action claim from shareholders.
👍👍👍
Go electric go broke🤣🤣
That why Elon is poorest man in the world. Or maybe not.
@@VladoK_404 Who still buys Tesla in non-Western world?? 🤣
@@captives6479 Do they have factory in China for nothing?
@@VladoK_404 Tesla did not make him the richest man on earth
Level of ignorance here makes me feel depressed. They didn't go electric in China and they failed. These kids are telling otherwise. Funny AF.
Gernan auto industry is in trouble. Everyone but its politicians knows it.
It is still sought after by people who like the vehicles or use it to show their social status!
Those people are in small numbers, will not be able to sustain the manufacturers.
A fashion accessory for mean selfish people
Majority of the buyers belong to the above category! The car is by no means cheap.
bai bai VW
No ones buying them, that's the problem
Bailout
Hi. Great videos. Subscribed.
I live in Thailand. Looking forward to a BYD shark coming here hopefully 🤞. I need to get a small, mid size car to replace my old Nissan march. Any recommendations for someone living here? While I wait for the shark 🦈