VW, profits drop by 64%.
Audi, profits drop by 91%.
BMW, profits drop by 84%.
Mercedes-Benz, profits drop by 54%
Discussion
you wouldn't believe what's going on here 😅 germany is on the way to driving out the entire industry
Government ran car companies going woke..
Of course, VW stopped the production of their most popular family car, VW Sharan/Seat Alhambra. I see it as every corner, now second hand is more expensive than you. They are such morron, trying to force customer into buying shittier car at higher price (yeah, I talk about crossover 🤮). Also not promoting enough the EV at affordable price with good software (driving assit is mostly a shame compare to Tesla and Japanese manufacturers).
Now they pay the price. I will not cry for them.
This is a sneak preview into the collapse of the EU.
I was looking at current models of a couple of brands (not that I am actively shopping for a new car) and manual gears are not a thing any more. It kinda makes sense for hybrids and EVs, but until cyber security for cars is taken much more seriously than it is now, I am not getting a fully automatic car. Or one which is connected to the internet.
Germany has a BIG problem.
As soon as they join BRICS they will solve it...
All new cars are ugly and overpriced now. That's not what people want. People are keeping their old cars more and more.