The Dire State Of Volkswagen...What Happened?

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Volkswagen is one of the most iconic car brands in the entire world owning brands like Audi, Porsche, Lamborghini, Bentley, and even Bugatti at one point. This made them the largest car maker in the world at several points, but more recently, Volkswagen has lost their way. First of all, they had that massive emission scandal that destroyed consumer trust and brand credibility. Even putting that aside though, Volkswagen has had a very difficult time transitioning to electric vehicles. Their former CEO, Herbert Diess was a massive fan of Tesla and tried to push Volkswagen to embark on an all-out push to switch to electric. Not all of Volkswagen’s board members were enthusiastic about this plan, but they agreed to it anyway, and unfortunately, it’s not playing out so great. This video explains the various reasons Volkswagen is struggling with their pivot to EVs and the future of Volkswagen.

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Timestamps:
0:00 - The State Of Volkswagen
2:12 - Internal Strife
6:22 - Botching EVs
10:35 - An Uncertain Future

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Krisztian Bocsi | Bloomberg

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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