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Paradox of German car industry: + If they want to have German hands in everything regarding EV, the catching-up phase will be much more costly and lengthy (as China/Tesla had a headstart). + If they want to catch up with China quickly, they can integrate with Chinese supply chains. But then Germany added value (in EV) is less and less. Their ICE supply chain could vanish entirely and no job replacement.
@@utcnc7mm Europe does not have cheap energy. High demand for energy, low supply and high prices from new sources = disastrous energy and raw material supply. German industries are collapsing. Its not just labor costs and bureaucracy. Without cheap Russian energy most of Europe is f-ed.
VW wishes China would take their factories at book value, workers at existing salaries & benefits, but why would China pay top dollar for a depreciated asset with deprecated technology and sky high operating costs? It'd be far more efficient to let VW and the German government take the MASSIVE losses in closing those factories, then buying the footprint for a nominal 1 EUR and only hiring the handful necessary to run a modern, Chinese factory. Or better yet, let Germany collapse and expand factories in Hungary and other Eastern European countries.
@@ZweiZwolf Jack Ma once said he will employ 1 million Americans, if Trump gives up tariffs. Somebody told him that Walmart alone employs 2 million people in China. why don't you check out how many people VW employs in China. There are no winners and losers in this game. They are all in it together.
@@amandagrant4331 what percentage of employees is "some" and how does that percentage compare to the regular employee fluctuations? You see, I am an expert on Chinese auto industry. The good news is that I am cheap. So, if you need help, hit me up.
Nearly fifty years ago I visited a factory in Gemany for the forst time, it was clear even than that they planned everything on the basis that tomorrow would be a bigger, better version of today. It took longer than I thought.
Germany had a nice run. They even made some great cars. Not any longer. Mercedes, BMW, VW have all lost it. It's almost as if they chose the GM model of business...
@@ouethojlkjn In case of BMW this is quite rational. Problem is different - EU regulations turn cheapest models in to medium-upper-premium by demanding some features.
Has got nothing to do with the GM model of business. Has everything to do with sabotaging their fundamental energy costs, by forgoing their primary energy suppier, Russia, and buying gas at 4-times the cost from the US. They started extincting themselves a few years back, and seemingly it is working out really well for China.
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during the bear market. This last year alone, I have scaled from 180k to over 354k.
It's crucial for individuals to diversify their portfolios, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications.
Its a hail merry buying % of a company gets them a voice on the board, they then try and get the other company to work with them. They probably really need XPENG to build VW cars for China, and need XPENG technology for EVs in other markets.
When American Motors went out of business in the 1980’s they said that they lost an hour of every workday in the morning arranging the production line workers, because every day 30% of the workers didn’t show up, due to the different ways of paid time off.
When I worked on the GM assembly line, I had two paid breaks of 15 minutes plus a 30 minute paid lunch break. I was paid 8 hours for 7 hour’s work. And the UAW went on strike because folks on the line wanted to go fishing The UAW bled GM like a Mongol warrior bleeding his horse
I have a Tesla model Y wife bought id4 same time 2 years ago. Within a few weeks of owning both it was clear why the Tesla is way more efficient simply comes down to weight. Every aspect of the id4 is heavy the bonnet alone must be x3 heavier than the Tesla which weighs next to nothing. Tesla are achieving great range with small batteries because of this.
That light weight can also work against you in the event of an accident. And given Tesla’s insane high performance compared most other EV’s I’d say a Tesla owner is far more likely to be involved in a serious accident compared to an ID4 owner. I’d rather own your ID4 than your wife’s Model Y. 😁
@@dieselfunk65 The real issue is the same as it ever was, how much does it cost and how much to run. ID.4 are not selling in any real numbers because they are over priced for what they are, everything that is an extra on an ID.4 (like efficient heat pump) is given as standard on a Tesla Model Y. Your comment about accidents very much depends on where are you are In the scenario. As a pedestrian I would rather not be hit by a light Tesla where its collision avoidance systems actually work rather than a heavier ID.4 where they do not.
@@christopherj2231 There should be a comma after down to properly separate the address. It should be "Settle down, big-boy." Big boy does not require a hyphen unless it’s being used as a compound adjective before a noun (e.g., a big-boy attitude). The correct form here is "Settle down, big boy.". so its accelrate
I had my share of business deling in neighboring Germany and calling the Teutonic bureaucracy 'endemic' and 'massive' is quite an understatement. Some of the business I helped set up in Germany fled that country again in record time because of this. As to the 'sick' German workers. We went trough a similar thing in my Netherlands some 20 years ago. Quite often 'sick leave' is used by the employers as a more economic and humane means to get rid of their idle or unproductive workers.
@@brokeboy87 I know of two Porshe EV owners, both cars seem to spend time in the dealership fixing recalls on a monthly basis, my Tesla has never been anywhere near a spanner in the 2.5 years of ownership. Sort of sums up German technology and build versus Chinese build
Agreed, use their factories, VW gets to potentially learn how EV’s are manufactured the Chinese way, learn of component suppliers, Software development, inside knowledge of new methodologies for manufacturing, organisational structures etc. without spending a dime on R&D.
It might be second tier manufacturers taking it up. Tesla benefited by buying an old Toyota plant in Fremont California, early on. Cheap way to get an expensive asset as a growing firm, before building fancy efficient plants. Top tier companies are looking to build new plants where labor is cheaper than China, like Mexico, or where they get inside tariff walls, like Turkey (0% tariff to EU).
@ I am more worried about Germany will do what US did against Chinese investors. Chinese EVs companies don't want to be ended up like TikTok or Alstom (France).
The situation in Germany is quite absurd, the difference between the working ppl and those on social benefits isnt big, no wonder ppl are taking as much sick leave as they can.
in brief,Validated information: Producer price of the same product: in China = 100 , in Europe = 191, in the USA = 176 Source: Florent Menegaux (2025) President of Michelin Tires Competitiveness has deteriorated sharply in France and Germany since 2020. If we take a base of 100 for Michelin in Asia in 2019, we are still at 100 in 2024. In 2019, Europe was at 134, so we were 34% more expensive than in Asia, but it was manageable. Prices have remained almost unchanged, and productivity in Asia has compensated for inflation. By 2025, there will be 176 in the United States and 191 in Europe.* Michelin will stop exporting tires from the USA and Europe in 2025. Michelin has 121 production sites around the world and can really compare production prices in each country
Manufacturing in Germany is not possible especially after the Ukraine war raised energy prices. And the staff sick-outs is insane. Better to manufacture in Hungary and export to Germany tariff free
Nonsense, sick rate is the same as ever and energy price are on pre-war level. German brands missed the transition to EVs and spread massive propaganda against it. This is not the fault of the workers or unions. Thats a management decision.
Chinese believe that the crazy political situation is not sustainable and soon we'll get back to cheep Russian energy . They gonna loose few years of income. That's what the crises are for, rich get richer, no mid class, poor go to slavery
What the previous governments have sown in Russian reliance has now come back to bite.. *checks notes* not them and the entire younger generation of Germans.
When I worked with a marketing agency based in Frankfurt, I never had a meeting without at least one person out on leave or paid vacation. Near any kind of holiday, there would be 2-3 people missing. And we did no work at all in December and January, we didn’t even bother to schedule meetings with them. Twice a year we would have an “all hands” and that’s the only time no one on the team wasn’t out/missing.
Yeah, the people in Germany have gotten use to having a superior product for decades, which has allowed them to work when ever they want, which leads to complacency, so basically they don’t want to work. Other people and countries people are eager to work.
Sam falls for it every time, though, doesn't he? "CEOs think hydrogen is the future - because CEOs are stupid! CEOs blame lazy workers - because workers are lazy!"
Workers need to be involved in the building process, not just putting parts on a car. People get lazy when they aren't inspired, being lazy is just an expression of boredom.
We had riots in 1968, many manifestations were about climate change, but mainly about environment. Rich people are limited, they only think about profits, so Germans and anyone else had suficiente time to adapt and move on. German with their Russian affairs was the best deal possible in Europe, time to settle down, we will have many immigrant Germans soon. Worse that them? We in the UK.
As with the US in the 80's when they rebadged Isuzus, Mitsubishis, and Mazdas as Chevrolets, Dodges and Fords, perhaps VW will rebadge BYDs and Geelys as EVs.
German automakers should concentrate on the future and provide their production lines to the making of top tier German humanoid robots. It would also solve some of the lack of workers problem. As a German who always tries to go to work, even when sick. I really dislike that Germans are basically sacrificing the countries economic wealth for their personal laziness. It's just too easy to get a sick leave here. 😶🌫️Sry fellow Germans but I like my job even like staying longer. Wish I would get the money for it but it's OK.
@@SchlafComandanteGet with the 21st Century. Today, the Right leaning ideologues of the world want to maintain their unique national and cultural characteristics. It’s the Left that wants to break these historical ties in order to force oppressive socialism/communism upon the people of the world…and they are the ones pushing for wars to attain it.
Dear Sam, It’s indeed very strange new times and here in Germany 🇩🇪 (where I’m living as a Dane 🇩🇰) it’s clear, that on one hand it’s scaring German car manufacturers, but on the other hand it also seems (at present at least) that the general German consumer is still kind of shell-shocked and thus not capable to believe this is really happening, and that it can (most likely) not be changed to the better. And I for one don’t really know ehat to predict will actually happen the next 2-3 years and how this will affect all of us living here … 🤷🏼♂️
The official figures for the German car industry is it represents 19.3% of the total German GVA including suppliers. That still means just over 80% of there GVA comes from other industries such as chemicals, engineering, pharmaceuticals, food etc they are not about to go bankrupt as a country.
Tesla has been saying for a long time, it is the FACTORY that is the real value. They have understood, and so has the #1 manufacturer on the planet, that producing goods more efficiently is where it is at, and dealing with Unions who don't understand this concept who drag companies into the ground will suffer the most. It is not the least bit unusual in the history of time that formerly extremely strong legacy companies that manufacture stuff are complacent about keeping up with technology to be more and more efficient. Most of the big wigs are enjoying huge salaries and bonuses and riding the wave of 'don't rock the boat' until the boat sinks to the bottom of the ocean. This is why Tesla has so much diversification. Even they know they can't beat China and other developing countries on pure price
A university math professor told us (decades ago) that the German steel was of a quality second to no one. I went to a used car lot just to lift the hoods of several different auto brands and the hood of the Volkswagen, Tsi, felt the heaviest. Not an academic conclusion but in an automobile wreck I would chose the sturdier built car.
@@TroyArrandale Not just to pedestrians. A modern and safe car, in a collision, will have most of the bodywork crumble in a way that absorbs the energy of the collision, while the cabin remain as intact as possible to protect the passengers. It's why the car gets destroyed but the driver and passengers can often walk from a high speed crash nowadays, whereas in the past the car would suffer far less damage but passengers would suffer far worse injuries with a much higher risk of death.
But keep in mind, this does only refer to the two factories in Dresden and Osnabrück. The two that don't produce enough at the moment and therefor will be closed. There is no plans on selling other factories in Germany....
After that last part of your video, it's a wonder why Chinese would want to buy those manufacturing plants at all, probably be cheaper to scrap it and build an modern efficient plant instead.
Of course there will be VW factories in the future, they might be subsidied but the german will never let it stop, part of it is owned by Lower Saxony (state).
So they're going to subsidize the German car industry while complaining that Chinese cars should be tarrifed because China subsidizes the Chinese car industry?
What is more important? Being responsible for your workers by giving them an opportunity for employment with a new company then work with the new company for its own survival? Or, suffer the loss and sacrifice the experienced workers. What is the German Government's obligations and responsibility to its citizens?
Used to own/drive VWs back in the last millennium. Diesels mostly. Went auto comparing in the oughts only to find that their new diesel engines had put the water pump on the timing BELT. I was dumbstruck. I could not believe that Germans, renowned for over-engineering reliability into everything, could constitutionally allow themselves to engineer that much needless FAIL into a Diesel Engine! They invented the damn things! Engineering at VW died long ago. This is overdue. Just how far the rot spread to the rest of German engineering is the only question.
This sounds like a smart move, but I just hope it's honest and not some trick to keep Chinese busy fixing Volkswagen and the German economy while losing their own momentum. Chinese should also get real benefits from this. Also, I hope this leads to better cars like what we see in China. Over there, high-quality cars sell for $15,000, but in Europe, the same quality costs $60,000. It’s crazy and unfair. We’re made to believe we must pay more for the same thing, while China proves it's possible to do better for less. Europe needs to wake up, admit that China’s tech and workers are ahead, and stop looking down on them. Instead of pushing an anti-China narrative, we should work together. In the end, what matters is doing what’s best for people.
Ok, I am waiting for my Mercedes EQB 250+ to be delivered :-) It is a Company car, and if you are interested, what cars and options I can choose from and what costs, please let me know. Well, if Chinese manufactures will produce cars in Germany, things are not that desolate here ;-) Greetings from Düsseldorf
Tesla is certainly a success with their factory in Berlin. There is no reason to suggest Chinese auto will not do similarly well. The problem Germany has is selling their products to the rest of the world. It is anecdotal but a colleague of mine had a new Mercedes SUV in 2023 (it was a 2 litre diesel) and he was not at all happy. The car died when his wife was driving it and had to be recovered, various other problems - mainly with the large centre screen. After seven months he handed the car back and refused to drive it any more. He lost trust.
If factories can be idled they are basically a liability not an asset . It makes sence to sell them to potential overeseas buyers and to form a joint venture to access advanced technology that this will ensure. Many countries including Germany have foreign companies operating on their shores. As an advanced manufacturing economy it is expected that China will inccrease its global manufacturing footprint.
Why are the CEOs getting bonuses when their business model is failing? They chose to cling to old practices, didn’t reinvest in tech and their work force; yet it’s always labor’s fault.
Hard to believe that so few countries have incentives to scrap older cars. You’d think that governments would be all over this as well as auto industry lobbyists, creating incentives and cash rewards for taking an older car off the street permanently. This is a win for the industry and the environment. There should also be strong incentives for lease vs buy, so that dealers get the car back and then can decide to scrap or resell it. We need to clean the streets of old, polluting cars as fast as we can.
This story has been corrected to show that the company spokesperson said Volkswagen CEO had spoken to partners about their European expansion plans, not about acquiring VW plants - Reuters
Besides your channel, I watch car repair channels on YT. It is very evident why Western car manufacturers lose market share even if prices match. ICE car are exceedingly complicated and convoluted with inferior quality parts and the like. Watch the Car Wizard, Dave's Auto Center, Scotty Kilmer for vehicles for example. These are people who repair ICE vehicles. Watching them leads me to wonder why anyone buys them AND at ridiculous prices. These auto makers price themselves out of the market even if they're the only game in town. They made their own bed.
Western car manufacturers want to keep building ICE cars BECAUSE their dealerships make money fixing them. They don't want to sell EV's because there is rarely anything to fix. I once owned an American car (Chrysler). I was spending so much money fixing things every month that it became cheaper for me to buy a newer Toyota. In the 20 years that my parents and then I owned that car, we spent $100 on repairs to it (an emissions pot), other than gas, oil, and tires.
Assuming Chinese carmakers get authorization to import and install solar panels and batteries on the factories, they could cut down energy costs a lot by using a lot of locally produced electricity. And labor costs not only aren't that important, Chinese brand cars sold in the EU are already double the price for the exact same model in China, so they can absorb the higher costs.
@FabioCapela VW in Germany already have roof top solar panels fitted where viable...China now has 90%+ of solar panel market which has effectively wiped out the German manufacturers. Any Chinese firm takeover will be obliged to operate to German labour standards/salaries but if all the VW factories end up doing is importing the car parts made in China and assembled in Germany as a work around against EU tariffs on Chinese made cars it's another industrial loss for German industry.
Don't underestimate this German strategy. They get to retool and overhaul their factories by the Chinese. As they say, EV's are computers on wheels. German exotic EV's will storm back.....just a matter of time, once they bridge the EV technology gap and use more robots in manufacturing.
Sounds like a new Nokia. Hubris combined with internal inertia denied VW to do the correct changes in time when the boat could still have been turned around for a much smaller cost.
Ironic that the EU is shouting in German Auto's ear about how much they are helping them, meanwhile BMW & Mercedes are saying "stop shouting in my ear and get down off my back". I hope for employees sake something it resolved in the near future. I was very hopeful with the ID.3 and the ID.Buzz but both were disappointing, buggy software, very heavy with less than industry leading range but worst of all - not at all cheap for a "peoples car".
Maybe the German government should buy back VW, create a new union, introduce fixed price cars sold online like MB. Sell Skoda and Cupra, sell the rest of porsche but keep Audi as their premium brand. Use Xpeng software. Just a couple of things to do.
Here’s the thing, if we truly are entering an age of abundance, there will be ever more people on permanent leave. They just won’t have to say they’re sick!
Interesting but it doesnt matter who owns the factories - manufacturing in Europe is too expensive because of energy and labour costs and regulation. The idea that Chinese companies, who are already losing money hand over fist, are going to take over and make it work is absurd.
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Chinese cars are flooding Europe 3:52 to get stock in port unsold. Europeans still are not choosing massively for Chinese cars and/or EV's at the moment. Dont believe me? Google "Unsold Chinese EVs Are Piling Up At European Ports". As a matter of fact, Chinese car brands are not even in the top 10 in 2024, which brands are: VW, Toyota, BMW, Skoda (VW Group), Renaul, Mercedes, Audi (VW Group), Peugeot, Dacia, Hyundai (South korean).
Excessive sick leave statistics in the German automotive industry will likely be fixed by bankruptcies. An organized workforce that refuses to recognize reality and adjust to it quickly and effectively in a competitive world is ensuring its own collapse. It’s ironic that an organization created to protect its member workers will end up doing the opposite. It will be sad to see what happens to the German economy in 2025; good people will be devastated.
How are the Chinese companies going to handle german employees who constantly strike, call in sick, and where working 40 hours a week is considered the max. Really? If I were BYD, I would set up where unions aren't so radical.
It's pretty straight forward. You're not allowed to replace workers with machines as things stand. However, the VW factories are old and different techniques are needed for EV manufacture. I'd say it's almost certain that different wings of the factory would be closed and demolished to make way for a new factory with a mostly automated production line.
@@michaelw.8614 based on what they have done in other plants, they will bring on highly Automated, robotic production lines and hundreds of Chinese Nationals on work Visas to run the plants, with a few token German workers focused on non-essential tasks.
Sam: the only place Chinese have a big edge is in labor cost. This is why Tesla has been going headlong into robotics. Unlike the competition with Japanese companies in the 1970s, the American and EU companies are building cars the markets want. The the EU/USA cars are just more expensive. In 10 years (and maybe as few as 5) the Chinese labor advantage will be gone. China knows this which is why they need to establish themselves immediately. hence the big push by Geely and BYD even though it creates a scary amount of debt and actually depresses profits.
Nope. China has lower labor costs than developed countries, but its labor costs are already higher (and often much higher) than in most developing countries; you can find plentiful places in Asia, Africa, and Latin America with lower labor costs to open factories. Heck, Mexico already has lower labor costs than China. China's true advantages lie elsewhere: - State-owned companies driving down costs for everything, from loans to raw materials, from electricity to shipping. - An economy organized in thematic clusters, meaning the key suppliers are often just down the street, as opposed to being on the other side of the country or even in foreign countries. - A high population with a very good and cheap higher education system, meaning a plentiful and well educated workforce. I believe China graduates something like 7x more STEM students every year than the US. - Infrastructure. The most extensive power grid in the world, more renewable energy generation than the rest of the world added together, more high speed rail than the rest of the world added together, more highways than even the US, well developed cargo transport on rivers, the most extensive 5G rollout in the world, etc. - Political stability. China can make 50-years plans and stick to them (subject to revisions, of course), as opposed to most other countries where long term economic planning suffers an upheaval whenever the political party in power changes. - A corporate culture that favors long term investment and growth as opposed to short term profit, and that spends far less on compensation and perks for upper management and the board, as well as paying less dividends than companies in developed countries, meaning more money for actually important things like R&D or expansion. Among other things.
@@nightstorm9128 what BYD is doing in Brazil. Just come all the parts in CKD in containers and just tight the wheel bolts and place the seats. All the other parts are ready to go. Just the Bolts and seats are "Made in Brazil". That's what I mean. And it's good. BYD cars are great and very cheap and reliable compared to cars made here in Brazil.
You made the comment that China is leading production methods. Tesla leads and China copies. Granted they take some features and forge past Tesla. The new Model Y Giga Casting shows Tesla is still leading production. I still like that they are kicking Legacy and ICE butt. I just recognize Tesla is still the leader.
This is nothing more that the executives bailing before their shares are worthless . Their workers have given them the middle finger and don’t care if business closes. The game is up.
Mmmmm My friend just got a job in Germany and he said the opposite where cost of living is better, better benefits, better pays than American. I guess he'll find out.
In interesting to watch how dark outlooks vw has in your videos. When you go to vw press releases then the outlook is very optimistic and vw even "ready for the future"
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VW is lucky to have any takers at all.
And this propagandist is lucky to have viewers.
Paradox of German car industry:
+ If they want to have German hands in everything regarding EV, the catching-up phase will be much more costly and lengthy (as China/Tesla had a headstart).
+ If they want to catch up with China quickly, they can integrate with Chinese supply chains. But then Germany added value (in EV) is less and less. Their ICE supply chain could vanish entirely and no job replacement.
Why would a Chinese car manufacturer want VW's obsolete factories with Germany's stifling bureaucracy, sky high labor costs and inflexible unions?
Getting a foothold in Europe and avoiding import taxes?
@@utcnc7mm Europe does not have cheap energy. High demand for energy, low supply and high prices from new sources = disastrous energy and raw material supply. German industries are collapsing. Its not just labor costs and bureaucracy. Without cheap Russian energy most of Europe is f-ed.
Its cost us higher than tariff I guess ?
@@utcnc7mm true
@@utcnc7mmEuropeans are the ones paying the import taxes at the end.
VW wishes China would take their factories at book value, workers at existing salaries & benefits, but why would China pay top dollar for a depreciated asset with deprecated technology and sky high operating costs? It'd be far more efficient to let VW and the German government take the MASSIVE losses in closing those factories, then buying the footprint for a nominal 1 EUR and only hiring the handful necessary to run a modern, Chinese factory. Or better yet, let Germany collapse and expand factories in Hungary and other Eastern European countries.
@@ZweiZwolf Jack Ma once said he will employ 1 million Americans, if Trump gives up tariffs. Somebody told him that Walmart alone employs 2 million people in China. why don't you check out how many people VW employs in China. There are no winners and losers in this game. They are all in it together.
Exactly
@@ZweiZwolf check out how many people VW employs in China.
@@APCSheet
Due to poor sales, some employees in VW's China factory have switched to other car companies (such as BYD).
@@amandagrant4331 what percentage of employees is "some" and how does that percentage compare to the regular employee fluctuations? You see, I am an expert on Chinese auto industry. The good news is that I am cheap. So, if you need help, hit me up.
Nearly fifty years ago I visited a factory in Gemany for the forst time, it was clear even than that they planned everything on the basis that tomorrow would be a bigger, better version of today. It took longer than I thought.
Germany had a nice run. They even made some great cars. Not any longer. Mercedes, BMW, VW have all lost it. It's almost as if they chose the GM model of business...
Yes. Time for Volkswagen to leave the stage gracefully. Too bad they hasn't become the world's largest car manufacturer as they had dreamed of.
BMW are making strides in the EV market but they are all suffering with the same mentality - going for the premium high ground. A very crowded place.
@@ouethojlkjnThe problem is they need economies of scale to make cheaper cars but are halfassing it
@@ouethojlkjn In case of BMW this is quite rational. Problem is different - EU regulations turn cheapest models in to medium-upper-premium by demanding some features.
Has got nothing to do with the GM model of business. Has everything to do with sabotaging their fundamental energy costs, by forgoing their primary energy suppier, Russia, and buying gas at 4-times the cost from the US. They started extincting themselves a few years back, and seemingly it is working out really well for China.
a German friend today told me: „This is win-win and that’s a promising future for Germany!“.
No joke.
A new dawn in the free world, we should see alot of changes really soon, especially in the digital and financial markets.
Spot on. The market presents different opportunities to create passive Income, with the right skill and proper understanding you're good to go.
Facts 👏
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during the bear market. This last year alone, I have scaled from 180k to over 354k.
How were you able to make that much?
Seems like I'm not lucky enough.
It's crucial for individuals to diversify their portfolios, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications.
Oh Angela, what a legacy you left behind. Will be remembered in Europe for ever.
Well, that was quick!
Well deserved…Germans voted for it in spades!!
So when VW acquired those 6.83% of XPENG it was just Volkswagen telling XPENG: buy me!
😂Is it how it work? I need to write it down.
Its a hail merry buying % of a company gets them a voice on the board, they then try and get the other company to work with them. They probably really need XPENG to build VW cars for China, and need XPENG technology for EVs in other markets.
When American Motors went out of business in the 1980’s they said that they lost an hour of every workday in the morning arranging the production line workers, because every day 30% of the workers didn’t show up, due to the different ways of paid time off.
When I worked on the GM assembly line, I had two paid breaks of 15 minutes plus a 30 minute paid lunch break. I was paid 8 hours for 7 hour’s work. And the UAW went on strike because folks on the line wanted to go fishing
The UAW bled GM like a Mongol warrior bleeding his horse
@@gregarnot5066 Sounds like the UK car industry in the 1970s
I have a Tesla model Y wife bought id4 same time 2 years ago. Within a few weeks of owning both it was clear why the Tesla is way more efficient simply comes down to weight. Every aspect of the id4 is heavy the bonnet alone must be x3 heavier than the Tesla which weighs next to nothing. Tesla are achieving great range with small batteries because of this.
That light weight can also work against you in the event of an accident. And given Tesla’s insane high performance compared most other EV’s I’d say a Tesla owner is far more likely to be involved in a serious accident compared to an ID4 owner. I’d rather own your ID4 than your wife’s Model Y. 😁
@@dieselfunk65 The real issue is the same as it ever was, how much does it cost and how much to run. ID.4 are not selling in any real numbers because they are over priced for what they are, everything that is an extra on an ID.4 (like efficient heat pump) is given as standard on a Tesla Model Y. Your comment about accidents very much depends on where are you are In the scenario. As a pedestrian I would rather not be hit by a light Tesla where its collision avoidance systems actually work rather than a heavier ID.4 where they do not.
Interestingly, VW was founded on WWII nazi's impulse. Tesla is controlled by modern nazi wannabe.
mark this date, the downward spiral will accelrate
*Accelerate.
wr
@@christopherj2231 This is an auto news channel, not a spelling/ grammar one.
@@brokeboy87 Settle down big-boy.
@@christopherj2231 There should be a comma after down to properly separate the address. It should be "Settle down, big-boy."
Big boy does not require a hyphen unless it’s being used as a compound adjective before a noun (e.g., a big-boy attitude). The correct form here is "Settle down, big boy.". so its accelrate
I had my share of business deling in neighboring Germany and calling the Teutonic bureaucracy 'endemic' and 'massive' is quite an understatement. Some of the business I helped set up in Germany fled that country again in record time because of this.
As to the 'sick' German workers. We went trough a similar thing in my Netherlands some 20 years ago. Quite often 'sick leave' is used by the employers as a more economic and humane means to get rid of their idle or unproductive workers.
VW was dead in 2017 when they laughed at Tesla’s deliveries.
Besides Audi and Porshe, VW hasn't been in the top ten manufacturers in over a decade.
@@brokeboy87 I know of two Porshe EV owners, both cars seem to spend time in the dealership fixing recalls on a monthly basis, my Tesla has never been anywhere near a spanner in the 2.5 years of ownership. Sort of sums up German technology and build versus Chinese build
@@stevenbarrett7648 4+ years in my model 3 - one set of new tires still runs like new.
Tesla is a awful, musk is a bad guy
It's a trap, Chinese EVs companies should turn it down.
The Chinese are smart they'll make it work and VW will lose again even more.
Agreed, use their factories, VW gets to potentially learn how EV’s are manufactured the Chinese way, learn of component suppliers, Software development, inside knowledge of new methodologies for manufacturing, organisational structures etc. without spending a dime on R&D.
@@wilba4ce-ichibanyou are going to hurt some egos with that comment!
It might be second tier manufacturers taking it up. Tesla benefited by buying an old Toyota plant in Fremont California, early on. Cheap way to get an expensive asset as a growing firm, before building fancy efficient plants.
Top tier companies are looking to build new plants where labor is cheaper than China, like Mexico, or where they get inside tariff walls, like Turkey (0% tariff to EU).
@ I am more worried about Germany will do what US did against Chinese investors. Chinese EVs companies don't want to be ended up like TikTok or Alstom (France).
The situation in Germany is quite absurd, the difference between the working ppl and those on social benefits isnt big, no wonder ppl are taking as much sick leave as they can.
in brief,Validated information:
Producer price of the same product:
in China = 100 , in Europe = 191, in the USA = 176
Source: Florent Menegaux (2025) President of Michelin Tires
Competitiveness has deteriorated sharply in France and Germany since 2020.
If we take a base of 100 for Michelin in Asia in 2019, we are still at 100 in 2024.
In 2019, Europe was at 134, so we were 34% more expensive than in Asia, but it was manageable.
Prices have remained almost unchanged, and productivity in Asia has compensated for inflation.
By 2025, there will be 176 in the United States and 191 in Europe.*
Michelin will stop exporting tires from the USA and Europe in 2025.
Michelin has 121 production sites around the world and can really compare production prices in each country
Manufacturing in Germany is not possible especially after the Ukraine war raised energy prices. And the staff sick-outs is insane. Better to manufacture in Hungary and export to Germany tariff free
🎯
Nonsense, sick rate is the same as ever and energy price are on pre-war level. German brands missed the transition to EVs and spread massive propaganda against it. This is not the fault of the workers or unions. Thats a management decision.
Chinese believe that the crazy political situation is not sustainable and soon we'll get back to cheep Russian energy . They gonna loose few years of income.
That's what the crises are for, rich get richer, no mid class, poor go to slavery
What the previous governments have sown in Russian reliance has now come back to bite.. *checks notes* not them and the entire younger generation of Germans.
Ukraine war didn’t raise energy prices. EU raised energy prices for themselves. This is entirely self-inflicted, except for nordstream.
When I worked with a marketing agency based in Frankfurt, I never had a meeting without at least one person out on leave or paid vacation. Near any kind of holiday, there would be 2-3 people missing. And we did no work at all in December and January, we didn’t even bother to schedule meetings with them. Twice a year we would have an “all hands” and that’s the only time no one on the team wasn’t out/missing.
They knew what they were doing when they blew up the gas line. All going to plan
Yeah, the people in Germany have gotten use to having a superior product for decades, which has allowed them to work when ever they want, which leads to complacency, so basically they don’t want to work. Other people and countries people are eager to work.
ceos blaming workers and labor costs, feel like ive heard that before
Yup, UK in the 60's, we handed it over on a plate to the Japanese with their superior Datsun's, even came with a radio for free !
Sam falls for it every time, though, doesn't he? "CEOs think hydrogen is the future - because CEOs are stupid! CEOs blame lazy workers - because workers are lazy!"
It's the product, build an urban micro car car. 20,000 and under, keep it simple and tuff. People have to live we aren't all rich.
Workers need to be involved in the building process, not just putting parts on a car. People get lazy when they aren't inspired, being lazy is just an expression of boredom.
We had riots in 1968, many manifestations were about climate change, but mainly about environment. Rich people are limited, they only think about profits, so Germans and anyone else had suficiente time to adapt and move on. German with their Russian affairs was the best deal possible in Europe, time to settle down, we will have many immigrant Germans soon. Worse that them? We in the UK.
I'm not surprised, when you know the origins of this maker, and its history, its just more of the same, of it's deception, no loss whatsoever
Sammy, happy Year of The Snake Lunar New Year for peace ☮️ and prosperity to you and the VW union workers and group!😂😂😂
Good job guys!
As with the US in the 80's when they rebadged Isuzus, Mitsubishis, and Mazdas as Chevrolets, Dodges and Fords, perhaps VW will rebadge BYDs and Geelys as EVs.
That already goes on in China. But now Audi is having to drop its badge as it is seen as a sign of unreliability.
German automakers should concentrate on the future and provide their production lines to the making of top tier German humanoid robots.
It would also solve some of the lack of workers problem.
As a German who always tries to go to work, even when sick. I really dislike that Germans are basically sacrificing the countries economic wealth for their personal laziness. It's just too easy to get a sick leave here. 😶🌫️Sry fellow Germans but I like my job even like staying longer. Wish I would get the money for it but it's OK.
What happens to Germany and Japan without their car industry?
>>>Tank
I bet they go far right and start making lots of weapons
Prolonged economic downturn. Germany could see a permanent 2-3% drop in GDP. Japan, too.
@@SchlafComandanteGet with the 21st Century. Today, the Right leaning ideologues of the world want to maintain their unique national and cultural characteristics.
It’s the Left that wants to break these historical ties in order to force oppressive socialism/communism upon the people of the world…and they are the ones pushing for wars to attain it.
@@SchlafComandante Yup, like they did in 1920-1930s
Dear Sam,
It’s indeed very strange new times and here in Germany 🇩🇪 (where I’m living as a Dane 🇩🇰) it’s clear, that on one hand it’s scaring German car manufacturers, but on the other hand it also seems (at present at least) that the general German consumer is still kind of shell-shocked and thus not capable to believe this is really happening, and that it can (most likely) not be changed to the better.
And I for one don’t really know ehat to predict will actually happen the next 2-3 years and how this will affect all of us living here … 🤷🏼♂️
Whenever fantasy confronts reality, reality wins!
The official figures for the German car industry is it represents 19.3% of the total German GVA including suppliers.
That still means just over 80% of there GVA comes from other industries such as chemicals, engineering, pharmaceuticals, food etc they are not about to go bankrupt as a country.
Tesla has been saying for a long time, it is the FACTORY that is the real value. They have understood, and so has the #1 manufacturer on the planet, that producing goods more efficiently is where it is at, and dealing with Unions who don't understand this concept who drag companies into the ground will suffer the most.
It is not the least bit unusual in the history of time that formerly extremely strong legacy companies that manufacture stuff are complacent about keeping up with technology to be more and more efficient. Most of the big wigs are enjoying huge salaries and bonuses and riding the wave of 'don't rock the boat' until the boat sinks to the bottom of the ocean.
This is why Tesla has so much diversification. Even they know they can't beat China and other developing countries on pure price
Keep up the great work!
2 words: Nordstrom Pipeline
How does the $6B investment by VW in Rivian make sense now?
A university math professor told us (decades ago) that the German steel was of a quality second to no one. I went to a used car lot just to lift the hoods of several different auto brands and the hood of the Volkswagen, Tsi, felt the heaviest. Not an academic conclusion but in an automobile wreck I would chose the sturdier built car.
Cars are being built with softer hoods to do less damage to pedestrians when they collide with them.
Second to no one, not special any more. Heavier is not better.
@@TroyArrandale Not just to pedestrians.
A modern and safe car, in a collision, will have most of the bodywork crumble in a way that absorbs the energy of the collision, while the cabin remain as intact as possible to protect the passengers. It's why the car gets destroyed but the driver and passengers can often walk from a high speed crash nowadays, whereas in the past the car would suffer far less damage but passengers would suffer far worse injuries with a much higher risk of death.
But keep in mind, this does only refer to the two factories in Dresden and Osnabrück. The two that don't produce enough at the moment and therefor will be closed.
There is no plans on selling other factories in Germany....
This is the beginning of the end.....
It allways begins with such kind of little steps...
After that last part of your video, it's a wonder why Chinese would want to buy those manufacturing plants at all, probably be cheaper to scrap it and build an modern efficient plant instead.
If the problems are serious enough they will find a way to adjust. Applies to the business and workers. New reality means new rules for all.
Probably a good thing if Chinese come with their super modern and effecient factories. Europe needs to upgrade in more then one sector.
Flooding ? Or supplying?
Of course there will be VW factories in the future, they might be subsidied but the german will never let it stop, part of it is owned by Lower Saxony (state).
So they're going to subsidize the German car industry while complaining that Chinese cars should be tarrifed because China subsidizes the Chinese car industry?
Volkswagen needs to return to be "volks wagen", safe, reliable and affordable, not a luxury or even high range brand.
Supply and demand
What is more important? Being responsible for your workers by giving them an opportunity for employment with a new company then work with the new company for its own survival? Or, suffer the loss and sacrifice the experienced workers. What is the German Government's obligations and responsibility to its citizens?
great information !
A smart decision by VW of Germany !
Used to own/drive VWs back in the last millennium.
Diesels mostly.
Went auto comparing in the oughts only to find that their new diesel engines had put the water pump on the timing BELT.
I was dumbstruck. I could not believe that Germans, renowned for over-engineering reliability into everything, could constitutionally allow themselves to engineer that much needless FAIL into a Diesel Engine!
They invented the damn things!
Engineering at VW died long ago. This is overdue.
Just how far the rot spread to the rest of German engineering is the only question.
Coming to the US at wrap speed.
Thanks
This sounds like a smart move, but I just hope it's honest and not some trick to keep Chinese busy fixing Volkswagen and the German economy while losing their own momentum. Chinese should also get real benefits from this.
Also, I hope this leads to better cars like what we see in China. Over there, high-quality cars sell for $15,000, but in Europe, the same quality costs $60,000. It’s crazy and unfair. We’re made to believe we must pay more for the same thing, while China proves it's possible to do better for less.
Europe needs to wake up, admit that China’s tech and workers are ahead, and stop looking down on them. Instead of pushing an anti-China narrative, we should work together. In the end, what matters is doing what’s best for people.
It makes sense for German Auto makers to partner w Chinese Brands. "If you can't beat 'em, join 'em."
Better to sell them than just write them off.
This will end very badly for Germany.
Are you by any chance related to Techno-Viking?
stranded assets a major issue in many parts of the transition
Ok, I am waiting for my Mercedes EQB 250+ to be delivered :-) It is a Company car, and if you are interested, what cars and options I can choose from and what costs, please let me know. Well, if Chinese manufactures will produce cars in Germany, things are not that desolate here ;-) Greetings from Düsseldorf
Tesla is certainly a success with their factory in Berlin. There is no reason to suggest Chinese auto will not do similarly well. The problem Germany has is selling their products to the rest of the world. It is anecdotal but a colleague of mine had a new Mercedes SUV in 2023 (it was a 2 litre diesel) and he was not at all happy. The car died when his wife was driving it and had to be recovered, various other problems - mainly with the large centre screen. After seven months he handed the car back and refused to drive it any more. He lost trust.
If factories can be idled they are basically a liability not an asset . It makes sence to sell them to potential overeseas buyers and to form a joint venture to access advanced technology that this will ensure. Many countries including Germany have foreign companies operating on their shores. As an advanced manufacturing economy it is expected that China will inccrease its global manufacturing footprint.
Why are the CEOs getting bonuses when their business model is failing? They chose to cling to old practices, didn’t reinvest in tech and their work force; yet it’s always labor’s fault.
Tesla did get free land and tax to attract them to the Shanghai state in China.
Hard to believe that so few countries have incentives to scrap older cars. You’d think that governments would be all over this as well as auto industry lobbyists, creating incentives and cash rewards for taking an older car off the street permanently. This is a win for the industry and the environment. There should also be strong incentives for lease vs buy, so that dealers get the car back and then can decide to scrap or resell it. We need to clean the streets of old, polluting cars as fast as we can.
So you have intellectually bought the green deal?
Our CO2 is 0.04% if it goes to 0.00 we are all dead.
@ wow, please put the brain down and step away, you aren’t qualified to actually use it.
@@Darren-r9b put the brain down and step away… you’re not qualified to be using it
@@Darren-r9b C02 to 0%? Is that a likely scenario? Why even bring it up?
@fastfil my comment was a little bit scarcastic. Get a helmet if my words don't make sense to a condescending f/OOl.
Logical progression! Interesting as to how Chinese deal with labour laws?
You are so pro Chinese EV, you should be happy.
This story has been corrected to show that the company spokesperson said Volkswagen CEO had spoken to partners about their European expansion plans, not about acquiring VW plants - Reuters
European expansion is still VW handing over factories to other Chinese Competitors. It is just a spin on words to fool the mugs.
Besides your channel, I watch car repair channels on YT. It is very evident why Western car manufacturers lose market share even if prices match. ICE car are exceedingly complicated and convoluted with inferior quality parts and the like. Watch the Car Wizard, Dave's Auto Center, Scotty Kilmer for vehicles for example. These are people who repair ICE vehicles. Watching them leads me to wonder why anyone buys them AND at ridiculous prices. These auto makers price themselves out of the market even if they're the only game in town. They made their own bed.
Western car manufacturers want to keep building ICE cars BECAUSE their dealerships make money fixing them. They don't want to sell EV's because there is rarely anything to fix. I once owned an American car (Chrysler). I was spending so much money fixing things every month that it became cheaper for me to buy a newer Toyota. In the 20 years that my parents and then I owned that car, we spent $100 on repairs to it (an emissions pot), other than gas, oil, and tires.
Should be joint venture like the Chinese model
Welp Germany biggest mistake was trust US and EU...now Germany auto goes down to history😂😂😂😂😂😂😂😂
How would this move make the cost of energy/labour cheaper in Germany? It doesn't.
Assuming Chinese carmakers get authorization to import and install solar panels and batteries on the factories, they could cut down energy costs a lot by using a lot of locally produced electricity.
And labor costs not only aren't that important, Chinese brand cars sold in the EU are already double the price for the exact same model in China, so they can absorb the higher costs.
@FabioCapela VW in Germany already have roof top solar panels fitted where viable...China now has 90%+ of solar panel market which has effectively wiped out the German manufacturers.
Any Chinese firm takeover will be obliged to operate to German labour standards/salaries but if all the VW factories end up doing is importing the car parts made in China and assembled in Germany as a work around against EU tariffs on Chinese made cars it's another industrial loss for German industry.
Good! They priced themselves out of the market. Their services are super expensive. They don't fix they replace and their parts are super expensive!
VW should bring back the CEO they fired !
Sounds like the fall of the Weimar with arabic summer …combined 😅
Don't underestimate this German strategy. They get to retool and overhaul their factories by the Chinese.
As they say, EV's are computers on wheels.
German exotic EV's will storm back.....just a matter of time, once they bridge the EV technology gap and use more robots in manufacturing.
Sounds like a new Nokia. Hubris combined with internal inertia denied VW to do the correct changes in time when the boat could still have been turned around for a much smaller cost.
Germany is so deep in bureaucracy that it would take a few miracles back to back to shake things off in the right direction.
Come on Brussels, it's just a matter of making more regulations to correct things.
Ironic that the EU is shouting in German Auto's ear about how much they are helping them, meanwhile BMW & Mercedes are saying "stop shouting in my ear and get down off my back". I hope for employees sake something it resolved in the near future. I was very hopeful with the ID.3 and the ID.Buzz but both were disappointing, buggy software, very heavy with less than industry leading range but worst of all - not at all cheap for a "peoples car".
Maybe the German government should buy back VW, create a new union, introduce fixed price cars sold online like MB. Sell Skoda and Cupra, sell the rest of porsche but keep Audi as their premium brand. Use Xpeng software. Just a couple of things to do.
Here’s the thing, if we truly are entering an age of abundance, there will be ever more people on permanent leave. They just won’t have to say they’re sick!
That's what they must mean, there will be an Abundance of Humans !
There will have to be a universal basic income and people will work on average fewer hours.....
@@Jamessansome depopulation
Tesla received a big subsidy for the land to build its Shanghai factory.
Interesting but it doesnt matter who owns the factories - manufacturing in Europe is too expensive because of energy and labour costs and regulation. The idea that Chinese companies, who are already losing money hand over fist, are going to take over and make it work is absurd.
@th You are right, it will be module assembly in France & Germany , designed, developed, in China.
SIMPLE, TAKE AWAY EMPLOYEE SICK DAYS. IF YOUR SICK. 1) CALL IN, DON'T GO TO WORK. IF YOUR SICK EVERY FRIDAY, YOUR FIRED. 2) IF YOUR SICK A LOT, SEE DOCTER... 3) IF YOUR STILL SICK A LOT, YOUR FIRED.
Chinese cars are flooding Europe 3:52 to get stock in port unsold. Europeans still are not choosing massively for Chinese cars and/or EV's at the moment. Dont believe me? Google "Unsold Chinese EVs Are Piling Up At European Ports". As a matter of fact, Chinese car brands are not even in the top 10 in 2024, which brands are: VW, Toyota, BMW, Skoda (VW Group), Renaul, Mercedes, Audi (VW Group), Peugeot, Dacia, Hyundai (South korean).
Excessive sick leave statistics in the German automotive industry will likely be fixed by bankruptcies. An organized workforce that refuses to recognize reality and adjust to it quickly and effectively in a competitive world is ensuring its own collapse. It’s ironic that an organization created to protect its member workers will end up doing the opposite. It will be sad to see what happens to the German economy in 2025; good people will be devastated.
Given that VW will Face a Desaster in China in the Neal Future, the Stock Price is still optimistic
Is it viable for Chinese car manufacturers to produce their cars in Germany, even though Germany has high electricity prices?
This sale could potentially save employees from their jobs. And, a positive effect in German economy.
How are the Chinese companies going to handle german employees who constantly strike, call in sick, and where working 40 hours a week is considered the max. Really? If I were BYD, I would set up where unions aren't so radical.
I thought the same thing. By simply assembling in Germany?
as long as production cost does not exceed the 18% tariff....
It's pretty straight forward. You're not allowed to replace workers with machines as things stand. However, the VW factories are old and different techniques are needed for EV manufacture. I'd say it's almost certain that different wings of the factory would be closed and demolished to make way for a new factory with a mostly automated production line.
@@michaelw.8614 based on what they have done in other plants, they will bring on highly Automated, robotic production lines and hundreds of Chinese Nationals on work Visas to run the plants, with a few token German workers focused on non-essential tasks.
The Chinese will not build cars in the hostile and expensive German environment. That’s why BYD are building their factory in Hungary
Sam: the only place Chinese have a big edge is in labor cost. This is why Tesla has been going headlong into robotics. Unlike the competition with Japanese companies in the 1970s, the American and EU companies are building cars the markets want. The the EU/USA cars are just more expensive. In 10 years (and maybe as few as 5) the Chinese labor advantage will be gone. China knows this which is why they need to establish themselves immediately. hence the big push by Geely and BYD even though it creates a scary amount of debt and actually depresses profits.
Nope. China has lower labor costs than developed countries, but its labor costs are already higher (and often much higher) than in most developing countries; you can find plentiful places in Asia, Africa, and Latin America with lower labor costs to open factories. Heck, Mexico already has lower labor costs than China.
China's true advantages lie elsewhere:
- State-owned companies driving down costs for everything, from loans to raw materials, from electricity to shipping.
- An economy organized in thematic clusters, meaning the key suppliers are often just down the street, as opposed to being on the other side of the country or even in foreign countries.
- A high population with a very good and cheap higher education system, meaning a plentiful and well educated workforce. I believe China graduates something like 7x more STEM students every year than the US.
- Infrastructure. The most extensive power grid in the world, more renewable energy generation than the rest of the world added together, more high speed rail than the rest of the world added together, more highways than even the US, well developed cargo transport on rivers, the most extensive 5G rollout in the world, etc.
- Political stability. China can make 50-years plans and stick to them (subject to revisions, of course), as opposed to most other countries where long term economic planning suffers an upheaval whenever the political party in power changes.
- A corporate culture that favors long term investment and growth as opposed to short term profit, and that spends far less on compensation and perks for upper management and the board, as well as paying less dividends than companies in developed countries, meaning more money for actually important things like R&D or expansion.
Among other things.
Mr. Sam is always spot on 🙂🙂🙂
The Dragon has truly awoken...
They will not build cars, only assemble it. Just needed people to push buttons. That's fine. Win+win situation.
What do you think the word Assemble means,,,,
@@nightstorm9128 what BYD is doing in Brazil. Just come all the parts in CKD in containers and just tight the wheel bolts and place the seats. All the other parts are ready to go. Just the Bolts and seats are "Made in Brazil". That's what I mean. And it's good. BYD cars are great and very cheap and reliable compared to cars made here in Brazil.
You made the comment that China is leading production methods. Tesla leads and China copies. Granted they take some features and forge past Tesla. The new Model Y Giga Casting shows Tesla is still leading production. I still like that they are kicking Legacy and ICE butt. I just recognize Tesla is still the leader.
German labour costs are so high because of the consumer prices.
The german consumer pricers are twice as much as in any other european country.
This is nothing more that the executives bailing before their shares are worthless .
Their workers have given them the middle finger and don’t care if business closes. The game is up.
Mmmmm My friend just got a job in Germany and he said the opposite where cost of living is better, better benefits, better pays than American. I guess he'll find out.
Electric Viking the dude who was praising NIO
In interesting to watch how dark outlooks vw has in your videos. When you go to vw press releases then the outlook is very optimistic and vw even "ready for the future"
VW Have to keep two hundred billion plus of someone else's money sweet somehow.