Volkswagen is the first major western automobile country that entered China in the early days of modern China. The first foreign car to be accepted as the standard for govt officials was the Volkswagen. Volkswagen was everywhere in China for the last 70 years. As China prospers over the years, the official car for senior Chinese govt officials turns to the Audi, another brand under the Volkswagen umbrella.
For about 70 years, Volkswagen must have earned a big pile from its entry into the Chinese market. Unfortunately this good fortune is coming to an end. Not because China is applying unfair practices and outdated laws to accuse Volkswagen of violating Chinese laws and to impose punitive fines on the company. Volkswagen's fortune is eclipsed by new technology that it failed to compete against. China is turning to EVs and no Volkswagen's stable of EV cars are good enough to find a niche in the Chinese market. The lights in the factories of Volkswagen, China, are dimming.
Losing the most lucrative automobile market in China is a big blow to Volkswagen and Germany. What Volkswagen did not expect, was caught with its pants down, is the lost of another major market, the entire market in Russia through no faults of Volkswagen. Volkswagen was thrown under the bus when the EU clowns chose to seize Russian asset to the tune of 105 billion Euros. This led Putin to nationalise all European assets in Russia, including Volkswagen and anything owned by Germany. This move by Putin is like pulling out the roots of the grass, not giving it a chance to grow back again.
Volkswagen is history in Russia, so is Germany and the rest of the EU countries that supported the seizure of Russian assets. The biggest winner, yes, again, is China. All the Volkswagen factories and assets and operations were sold to Chinese companies for a song.
The Washington clowns were stupid. The European clowns proved to be even worst. They did not learn anything from the Washington clowns. This alone proves that they are more idiotic, refusing to learn anything.
4 comments:
The only way for VW to survive is to build Mercedes and BMW cars, just the shell, body and seats minus the engine, and come complete with high quality Chinese batteries. And earn the privilege of adding on the Mercedes and BMW insignias.
Tell you all a joke of the Volkswagen Bettle at the Customs Checkpoint!
Was with a lady noivice newbie Customs Officer just posted to the Land Division Woodlands for entries inspections
A Volkswagen Beetle pulled up for cross border checks from Malaysia.
She went over to ask anything dutiable to declare?
That guy went to the front of the car but she motioned him to open the back booth!
The gut was surprised but went ahead as ordered.
When opened, she saw the Backside Engine of the Car!
Wow was she shocked?
Why Volkwagen Beetle Engine behind ah?
Germans loved the Backs?
Cheers
Western vehicle manufacturers have no answer on how to compete against China in EVs. I think their confidence has been shattered completely, knowing there is no way they can beat the Chinese EV makers in pricing, new embedded technology and supply chain issues.
Putting it in another way - demoralized.
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