Germany's Volkswagen Weighs Factory Closures Amid China EV Pressure | Bloomberg The Pulse 09/03/24

Volkswagen is considering unprecedented factory closures in Germany, setting up a showdown with powerful unions as the country’s most important industry fights for its future. STOXX 600 index traded a whisker below its record of last week. US contracts were little changed ahead of Wall Street’s reopening following the Labor Day holiday.

Today's guests: Charlotte Ryland, CCLA Investment Mgmt, Charles de Montalivet, Shiseido UK Managing Director
--------
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:56 - Charlotte Ryland, CCLA Investment Mgmt
00:09:15 - Volkswagen turns on Germany as China targets Europe's big EV blunder
00:16:57 - Israel PM firm on cease-fire terms
00:20:03 - Headlines
00:20:53 - Cathay Pacific inspects Airbus A350 fuel lines
00:24:00 - Aston Martin unveils 'Vanquish'
00:27:05 - French President Macron meets possible PM picks
00:30:36 - Charles de Montalivet, Shiseido UK Managing Director
00:39:46 - AI frenzy fuels Taiwan's wealth boom
--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[happymelon]

😆Soon Chinese parents will look at their children at dinner time and say ：
"If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."

[david-bdtd]

Blindly following US, industry facing higher cost without Russian gas ...

[gfabie]

Karma for the lie of "Clean Diesel". Eat it, VW.

[hatchegg]

According to Justina lee, the solution to Germany losing competitiveness in manufacturing is transitioning to a consumer-led economy. That's just gibberish. To be a consumer you need money. Being jobless won't result you coming into money. Please think before speaking

[louistan]

If only the German Government were independent thinking this would not have happened.

[jokeychin]

This is what Germany, as well as the EU, has foolishly sown by following the geopolitics of the US. Forced out of cheap Russian energy, and a steady stream of funding for the Russo-Ukrainian war, I can't think of anything better to look forward to.

[nellyjohnson]

I’d like to see an interview with holders of Ukrainian govt bonds. 😂😂😂

[waynegore]

VW factory closure is a success story, germany 's de-risking stratergy is working and working well.

[happymelon]

😢with relatively more expensive energy, EU already lost complete at the starting point.

[jamesroy]

The US bailed out GM in the 2008 recession meanwhile Germany government you are on your own 😂 what a joke

[happymelon]

You lost your cheap gas Nordstream, let the cost of energy go so high it's just not practical to run a manufacturing industry in Germany. Lack of a better word isn't it self sabotage ? Is being politically correct more important than your own citizens welfare?

[happymelon]

K9 lead by the empire down the drain..

[mopthermopther]

EV cars were a
novelty. The thrill is
😕gone😕