Volkswagen in trouble

[nzoomed]

And Japan's car industry is not in the greatest shape either. 
I see that there have been numerous strikes and factory closures at Volkswagen, which is a shame because their EVs appeared to be a good competitor to Tesla, however I have heard they were not without their faults.
https://www.dw.com/en/volkswagen-furious...a-71005834

[harm_less]

And Japan's car industry is not in the greatest shape either. 
I see that there have been numerous strikes and factory closures at Volkswagen, which is a shame because their EVs appeared to be a good competitor to Tesla, however I have heard they were not without their faults.
https://www.dw.com/en/volkswagen-furious...a-71005834

Legacy car makers in general are in trouble. Nissan has stated they may be finished within 12 months, Toyota keep delaying any meaningful EV production and promoting hydrogen fuel cell tech, Ford aren't in great shape, Stellantis are dropping makes as they become stranded assets, and the Chinese continue to increase production of ever cheaper EVs and shun European makes in their huge domestic market.

The fossil fuel vehicle makers have denied the threat of EVs for over a decade and they are now seeing the impact of their ignorance, with many likely to be as irrelevant as Kodak within the next few years. It happened to Blackberry, Motorola, Nokia, bricks and mortar retail and the auto industry is no different.

Ford CEO Jim Farley explains the situation and reasons well.

[Video: https://youtu.be/PGx7AyD9okg]

[Zurdo]

KTM have gone broke recently, 2.5 billion Euros, serious stuff.

[nzoomed]

And Japan's car industry is not in the greatest shape either. 
I see that there have been numerous strikes and factory closures at Volkswagen, which is a shame because their EVs appeared to be a good competitor to Tesla, however I have heard they were not without their faults.
https://www.dw.com/en/volkswagen-furious...a-71005834

Legacy car makers in general are in trouble. Nissan has stated they may be finished within 12 months, Toyota keep delaying any meaningful EV production and promoting hydrogen fuel cell tech, Ford aren't in great shape, Stellantis are dropping makes as they become stranded assets, and the Chinese continue to increase production of ever cheaper EVs and shun European makes in their huge domestic market.

The fossil fuel vehicle makers have denied the threat of EVs for over a decade and they are now seeing the impact of their ignorance, with many likely to be as irrelevant as Kodak within the next few years. It happened to Blackberry, Motorola, Nokia, bricks and mortar retail and the auto industry is no different.

Yes I've been following the electric viking on the subject, I know he is a bit biased, but he has been covering the issues Nissan is in for some time.
Toyota seem to be distracted with hydrogen for some time now and only recently have they put an EV on the market.
It seems that most legacy automakers have been caught off guard when tesla come along, but ironically Nissan had a head start with the leaf.
I'm loosing track of the huge number of Chinese brands hitting the market, at least they have largely been able to adapt to electric rather well, although some brands have gone under over there.
I think china will fill the gap in the market, particularly with making a more affordable vehicle, but I do question the quality of some of their cars.
My neighbors MG was nice to drive when he let me take it for a spin, but was plagued with all sorts of issues and he ended up selling it.

KTM have gone broke recently, 2.5 billion Euros, serious stuff.

That's a bit of a surprise, didn't think a dirt bike brand would be affected by all of this.

[Oh_hunnihunni]

Doesn't VW own more than just vw's? I had an idea they were behind quite a few brands...

[harm_less]

Doesn't VW own more than just vw's? I had an idea they were behind quite a few brands...

You're right. The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. https://www.volkswagen-group.com/en/group-15765
The legacy brands have amalgamated a lot in recent years, and will fall like dominos as the market moves away from them.

[king1]

Did I not hear recently that EV companies have been caught with a lot of stock that they have had to discount heavily in order to move them?

[harm_less]

Did I not hear recently that EV companies have been caught with a lot of stock that they have had to discount heavily in order to move them?

Car sales are sluggish in general and EVs have followed that trend but have outpaced ICEV sales in most overseas markets. NZ is in a unique situation in that the coalition government has implemented numerous policies unfriendly to EVs in the last 12 months. Canning the Clean Car Discount, levying a relatively high RUC on EVs earlier this year, adding an ACC levy to EV registration and the collateral damage and uncertainty caused by the misinformation spread regarding the 'electricity crisis' a few months back.

Australia in comparison is seeing a boom in EV sales following a stuttering start in adopting the technology. The introduction of V2G there is being looked forward to within EV and solar circles as it will be here as the common A & NZ 4777 electrical standard is rolled out here next year.

ETA EV prices will continue to fall as the technology matures and economies of scale reduce manufacturing costs. Not a good time to be left holding old stock as newer and better models become available.

[nzoomed]

Doesn't VW own more than just vw's? I had an idea they were behind quite a few brands...

They are the largest car manufacturer if I'm not mistaken, if not the second largest, I know VW and Toyota are the two largest.
VW group own Porsche, Audi, Skoda and Lamborghini to name a few.
They may be forced to sell off a few brands to survive.