Volkswagen To Close German Factories For First Time Ever

In this video we look at recent statements by Volkswagen that they may close factories in Germany for the first time in the company's history.



#Wallstreetmillennial #volkswagen #germany

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Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
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0:00 - 0:59 Intro
1:00 - 3:36 Volkswagen Background
3:37 - 7:30 Electrification
7:31 - 8:28 Declining Sales
8:29 - 10:21 China
10:22 - 12:52 Western Europe
12:53 - 14:49 Closing Factories
14:50 Future Outlook

[quippy]

Another example showing how useful most well-paid executives are in any challenging enough environment.

[Ganjaseed]

As a German I will never buy another VW owned car again. They purposefully build in cheap plastic parts wich are still very expensive to repair. In some cases failure of said plastic parts will damage the whole engine after just barely reaching
They once knew how to build reliability but changed direction to make more profits.

[Vinlyguyxx]

Ironic that they can figure out a software hack for emissions on the dynamo but can’t figure out how to build a real product

[Shambles]

Volkswagen is not about "people car" anymore because of Overpriced with cheap plastic and low reliability

[filippxx]

Worked for a company who did part of the software in VAG cars, because up until Diess their software development was outsourced to lowest bidder. Software development for them is report status, project plan, reprioritize, rinse and repeat.... and only later worry about building something functional. Is more important to have something to blame for being late than actually doing the work.

[jermunitz]

Fuck touchscreens give me back my knobs!

[davidc]

I find it odd that people assume that filling an automobile with sensors, computers, video cameras, etc. and then tying it all to remotely controlled software is in any way sustainable. These modern cars are resource-intensive, prone to problems and glitches, too expensive, and are just a road to increased obsolescence.

[indahooddererste]

Paying out 4, 5 billion euros on dividends. crying 5 months later u make 4, 5 billion euros loss.

[amorosogombe]

'SEAT' is pronounced 'Say at'. Top notch content as always. Whenever MBA's replace engineers, in engineering companies, things go south. Just an observation.

[balkanleopard]

There is nothing special about VW vehicles. They are built by accountants and it shows. The reliability of modern VW's is laughable - my local service manager did just that - laughed. Anyone familiar with German systems and software know just how cumbersome and difficult it can be, SAP is a prime example of the most unweildy software in the world. The problem for VW is its highly paid moribund management. Without a total change in their privileged European attitude VW is going under.

[markusgarcia]

They had a previous CEO that wanted to do this years ago.... and they sacked him! Now they have it comming their way....

[budoknano]

Time is tough now for consumers, we only need normal, cheap and reliable cars to go to work

[lldae]

Seat is actually spoken in one word like an American would speak “SAY-AT”

[DMINATOR]

Nokia was once the biggest phone manufacturer in the world, undisputed giant. But then iPhone was announced.

[JamesHorton-foyv]

If VW built cars more like Toyota instead of like Stellantis then VW wouldn't be closing plants .

[KADSL]

Too many engineers on a ladder trying to change a ceiling bulb.

[letsgoOs]

Did you skip over one of the worst scandals in modern history with diesel gate?

[yungtoolshed]

Let’s be honest with you, it isn’t EV’s killing the company. It’s the fact that Japanese and Korean car companies can get me a nicer car for cheaper than VW, Ford, GM, and Tesla.

EV’s will be the future when it doesn’t cost consumers their kidneys to even buy a base model with a long range battery.

Not to mention that outside of the main product mix of Tesla, most EV’s look stupid, underperform, and have overly expensive batteries that go up much sooner than traditional engines.

[sunshine]

55 years ago the Bugs were the most people cars in the US and I owned one and loved it. It is famoust to be unsafe and uncomfortable for many years. Volkswagen chose to do nothing. It open up opportunities to Japanese car makers. After I got out of college I bought a Japanese car and was stunned how advanced they were. I owned many Toyotas till today. They are super reliable and their services are first class.

[ForcefighterX]

As a German software engineer and previous scientist working at a German university, I can give deep inside into the problems Volkswagen has w.r.t. software engineering: In short - it's a historische problem.

The major bosses and employees from Volkswagen come from an era, where a car is nothing but a mechanical system, making use of many electrical and some embedded (software) systems.

To this day software engineers and the field of software engineering in general is considered a "minor add on" to building a car.

However, this is a dated naive view at best. Modern cars are extremely complex (software) embedded systems, where the complexity of the software has outpaced the complexity of of the mechanical system by far.

Other vehicle manufactures - especially American and Japanese ones - know this. Especially Tesla is know for their great software capabilities within their cars. But the Volkswagen corporation still treats software like the add on your t no longer is.