26 Burst results for "Volkswagen Group"

Volkswagen's Name Change Joke Didn't Land

Business Wars Daily

03:48 min | 1 year ago

Volkswagen's Name Change Joke Didn't Land

"From brown and business wars daily on this monday april twelfth. Happy started the week. Everyone you know. Who's been having a tough april volkswagen matsue and as you may have that's mostly because they started the month with an april fools joke that fell flatter than a busted tire is started in the last days of march when the automaker quote accidentally unquote released a very serious sounding statement announcing that they'd be changing their name to volts wagon that's volts as in electricity. Now volkswagen's id for is the company's only electric model in the us market so far but the company is planning to build more and said that all future electric models would come emblazoned with their new name volts wagon now in eighty-three rolled company. Suddenly changing. Its moniker is suspicious right. But the name change announcement was so deadpan that it got picked up by the likes of cnbc. The bbc and the verge and all that publicity had an impact on the company's stocks. Volkswagen stock prices rose nearly five percent on the day the statement was released the ap reported but only hours later. A company spokesman confirmed that the name change was an early april. Fool's joke a joke. I should say that didn't quite land sea. Volkswagen isn't exactly held up as a model of corporate transparency. You may remember that in two thousand fifteen. The company installed deceptive software in its vehicles to cheat on government emissions tests that move launched a five-year fiasco. That cost volkswagen thirty. Five billion dollars led to the recall of millions of vehicles so volkswagen's been trying to dust off. Its image since then which makes this joke. Well puzzling to say the least and the us securities and exchange commission doesn't seem to have that much of a sense of humor. Manipulating the stock market is of course illegal. An even though it's not certain that manipulation was the intent behind volkswagen statement. The joke certainly swelled stock prices which could bring regulators knocking. But there's another automaker who's been there done that and is thriving that would be tesla which has in the past straight up to see the public in two thousand eighteen founder elon. Musk tweeted that. He had the funding to take tesla. Private stock prices surged ten percent. But it was later revealed that actually there was no such funding. Musket has company each over twenty million dollars in penalties to the sec. But today it seems like things are working out for tesla their social media the spotlight and their electric models are in last month. Wall street journal columnist dan. Neil took volkswagen the new. Id four for a spin and said tesla has nothing to worry about the id. Four is five years behind the comparable tesla you'll wrote and the engineering betrays a premature rush to market harsh words for volkswagen. Which of course has been angling of late to compete directly with tesla. Both automakers plan to open new european factories for their electric vehicles and volkswagen group

Volkswagen Matsue Tesla Cnbc Brown SEC BBC AP Elon United States Musk Musket Wall Street Journal Neil DAN Volkswagen Group
Confusion surrounds Volkswagen’s reported name change

Tesla Daily: Tesla News & Analysis

01:04 min | 1 year ago

Confusion surrounds Volkswagen’s reported name change

"Was a press release from volkswagen today. That came out mistakenly because the press release was actually labeled for april twenty ninth. I wish it had been labeled for april first but this press release said that volkswagen will be changing the name of its us operations to volkswagen of america. Vlt s volkswagen according to cnbc quote. The release said volkswagen of america would remain an operating unit of volkswagen group of america and a subsidiary of volkswagen g with headquarters in herndon virginia. And so thankfully. I don't think this means they're actually changing the brand or how they would refer to the brand in america on branding. Cnbc just says that they would have a lighter coloured vw logo for electric vehicles versus darker colored vw logo for gas powered vehicles. Hopefully vw is just having fun with their company name as an entity. Which at the end of the day would be inconsequential. The case i'm fine with it go had vw. Get your attention. Great move if they're actually changing their brand name in the us volkswagen. And i'll have a different. The week definitely didn't seem intentional. But i don't know maybe. They were putting that out there to gauge the reaction. I guess we'll find out the full story and a month

Volkswagen Volkswagen Group Of America United States Volkswagen G Cnbc Herndon Virginia
Volkswagen Group To Sue Former Executives Over Diesel Emissions Scandal

BBC Newshour

01:02 min | 1 year ago

Volkswagen Group To Sue Former Executives Over Diesel Emissions Scandal

"Volkswagen Group says it will sue its former chief executive, Martin Vente corn on the former head of its Audi brands, Rupert Stadler over their roles in the diesel emissions scandal. Affair has cost VW nearly $40 billion in fines, compensation and repair costs. Here's Theo leg. It Involves Morgan admitted using illegal software to subvert emissions tests on diesel vehicles in the United States. It triggered one of the biggest scandals the automotive industry has ever seen. Now, after what it calls an exhaustive investigation, the company says it will pursue its former chief executive, Martin Vintage corn for damages. It's accused him of having failed to clarify quickly and thoroughly how the illegal software was being used, as well as having failed to ensure questions from the U. S. Authorities were answered truthfully. It claims Mr Stadler did not investigate where engines fitted with illegal software were being used after the scandal had come to light. Both men are already being prosecuted in Germany on charges linked to the scandal.

Martin Vente Rupert Stadler Volkswagen Group Martin Vintage Audi VW Theo Morgan Mr Stadler United States U. Germany
"volkswagen group" Discussed on Work Inspired - A BOS Podcast

Work Inspired - A BOS Podcast

10:40 min | 1 year ago

"volkswagen group" Discussed on Work Inspired - A BOS Podcast

"In everybody's on that same path i would disip first foray onto that pushing directly because you mentioned the emotional of vision and it's really the very first step in communication. Because what what are you doing. And this is not a global deal where this is a general business. Leaders of organizations as affecting as the teams are able to beat and the results of individuals. It's absolutely essential. Michael you for every single employee a company regardless of the job. New to understand what the company is adult. Where does the company want to go. Where is it today. Where does it want to be. And why how is it going to move from. Pd and what. All the internal and external environmental challenges was the competitive set. What are the things we have to overcome. What are the innovations. We need all the constraints that we have to do. And what exactly is the strategy that the company's fuller allender those things. Then gus gay down to corporate objectives functional objectives departmental objectives and ultimately to the objectives for each and every role each and every employee. If if anybody has a job that doesn't have objectives. Then my question able to add value and its management to cross does and cascades so that each and every person understands exactly where the company's doing or going home it's going to get the and all their individual role contributes to that success. You need to set out the sort of the roadmap with a milestone so people can monitor the progress the absence there. There's no probation eatables correction you need to do. And once people understand that objectives and they have to be measurable and quantifiable. You need to get of the way and bit them. Do their job need to make sure the resourced with knowledge expertise tools resources. Whatever the case might be get out of their way impelled him to make decisions full their objectives wanted the results and older people and it's that feedback -ly trimming completes the communication. Because if you just announce stuff vacuum that sucks follow up. Well then people will flounder. It's consistently revisiting checking against the targets as inc as a department does function as individual feedback. Who of course correction. Nobody sits out a plan that you never wanna you know. One hundred percent seventy future you have to make corrections. Explain why the is being done. Now they're being done. Beck's individual old people accountable for results. Don't get in the way. If if you micro managing people alkyl you hold them accountable for the results of told them any doing what you're doing what he's telling them to do right. You hold yourself comfortable. And so i believe in the people make sure the resource quickly get on with the job. So you've got clear vision. You've got a way to measure results. People know what they need to do and you get out of their way and let them do it. Are there other other other skills or tactics that you tell your management team your leadership team. That encourages a motivated. Empowered inspired employees. I think an important element of this to you. Know when i say. You need to hold people accountable. People often think that this is like the big sorting over your head. And if you don't deliver results you get fired. This is not holding people accountable. I think that organizations that win all those innovate innovation does not come without this. Because after all you pushing boundaries right you're going into the otherwise you'd have follow you not an innovator following this safe you can choose any and if you will wanting to be a fuss jiji in high-performing winning company that spoken innovation. You must accept the reality that sometimes the relationship between risk and reward isn't quite what we ideally would always wanted to be famous. Nobody sits out to fill to be sure. I'm not suggesting. This objective but a corporation company and successful organizations must have a culture that accepts hannity that they will be failures and win the happen. You need to tolerate the you can turn even a failure. Do something positive. You need to do analysis so becomes a learning event. What went wrong. And how do we prevent recurrence. And i'm in suggesting that by having a cultural polaroid's failure that it's an open ended thing and you do this indefinitely of course neck if people repeatedly and you begin to suspect this maybe something else but biolog- if you empower people and You tolerate failures. Constructively people will run even harder because they all they not afraid. And i think that's an important committee at least in my experience building block for success. It's phenomenal advice. Thank you for that. You've already offered so many johnson much larger than chunky. You've offered a lot of wisdom on this already. One question that we ask every guest is that if you're mentoring someone who is looking to emulate some of the success that you've had in your career and with your leadership style with some professional advice that you'd give well the first thing i would say is Stay out of corporate politics. Politics is a minefield and so many people do that begins to be swimming at Occupies way too much of the daily mental capacity and never align yourself in one individual because culprit politics sort of his reality. And you don't you want to be seemed to be successful in your march. So that's my second advice. I would say is known as much as you can Don't stay on fine to your own job function over. The boundaries extended madman defeating. It's about learning observe. What is happening in other places. Lebeau sometimes push the envelope of volunteer. Show that you have energy and drive. Don't wait to be told what to do. Initiatives and then also i think oh. My sincere advice would be sometimes leaders. Don't always know what they said. Well doing and in the absence of knowledge they might assume they're not doing much document during successes and have regular review meetings. We deal supervisor and chose them the things that you've done well and in the areas where you need help us. I think it's kind of initiative that alternately separates to high achievers from those who just go to work do a solid job. Couldn't agree with you more. Has there been a resource. You talked about learning. Has there been a resource. That's been valuable to you in your career that you'd recommend off the city in korea dates me a bit so My resources the books. I read a great deal of many manager books out of interesting but some that. Stand out aiko off as in question. Originally i go back to the book that really got a sort of second. My view of the world on with a strong customer. Orientation was a book by tom pitas and such excellence. It really was for me very inspirational and liberate. When i adopted those same principles in my daily job at that stage over the extent to which we were liberating all people with dealing with customers resolving problems and complaints everybody convincing. It's fantastic week to please the customer. What were we thinking. And then Another one is speed of trust by steven. Covy really gets into this idea of collaboration teams idea of everybody understanding but the role and organization And i didn't wanna nuns beck and the fact that if you've got competent teams that are adequately resource aligned around a common goal and empowered and that it builds trust. And when you have trust and you don't always double check challenge. You know all the bureaucracy that is the world safe havens. For how much does high-performing teams can get done and shields based on and then just a more interesting one condemning book but since i've been auto enthusiast in envisaged Career in the order business sir was focused otemachi. I read it several times. I always find new little things at isn't the men at an ego the size of the empire state building bird. You're gonna get that we all do. It was a fantastic. Life's journey on what i was grateful to read and to me that he shared with us. Thank you for those recommendations and thank you so much for the time today on it's been it's been such a pleasure in an honor to heavy on the show. Congratulations on all your success. So so far. We're looking forward to seeing what you so. I didn't have up your sleeve for the next decade ahead. Thank you so much. Thank you all. Thanks for listening. If you enjoyed this conversation please take a moment to raise our show. If you haven't already be sure to subscribe to the work inspired podcast so that you don't miss. Any of the incredible guests we have planned for upcoming episodes. We'll continue to find the best and brightest minds in business so that you can learn grow and succeed and so that we can all work. Inspired work inspired is brought to you by s a leader in commercial working environments in a hayworth best in class dealership experience are three sixty approach and discover the team tools and techniques required to navigate the complexity of your next workspace at dot com. If you have ideas feedback or would like to be featured on our show please. Email podcast at dot com. Thank you for listening. This has been a workspace digital production. If you're interested in launching a podcast at your organization please email info at workspace dot digital for free consultation..

Beck Michael hannity supervisor hayworth Lebeau korea johnson tom pitas Covy steven
"volkswagen group" Discussed on Work Inspired - A BOS Podcast

Work Inspired - A BOS Podcast

01:57 min | 1 year ago

"volkswagen group" Discussed on Work Inspired - A BOS Podcast

"Kind of impacted your leadership style. I think that this was also like collusion. It replaces frankly. You don't know what you're doing in the fury perceptive leader you recognize sometimes new challenges that you have deals. I think they will apart from you know getting the obvious sort of basic note establishing a new way of doing business. It also getting back to the point that i made one needs to ensure you keep this networking going People need that and it far more than has previously been. The case is that I think leaders have had to deliberately intervene to ensure that employees remain connected and literally endeavour decentralized by and put it that way via zoom or skype or whatever the medium is they use Not only you know from one full meeting to the other bet. We even sit up things like friday afternoon. It's team time. And you know we we get on a caller. We have gaza wine. And everybody's telling stories about the dog. Cat will the kids or whatever the case might be just the kind of stuff you would do at work socializing and it's rich and sometimes it's a bit contrived to be candid but you have to keep pushing and what. I have enjoyed seeing them. And that sort of ignited subgroups form. Where folks do this on their own on my own time. And that's been great. I think jeff. Sorry just a final Is this idea that people will extent the situation to be troop. Some probably do much. Most people wake up in the morning and they wanna do good as job. They want to achieve good results and they want to achieve recognition..

gaza wine jeff
"volkswagen group" Discussed on Work Inspired - A BOS Podcast

Work Inspired - A BOS Podcast

07:51 min | 1 year ago

"volkswagen group" Discussed on Work Inspired - A BOS Podcast

"First of all congratulations. It sounds like he goes put in all the right measures given and you said it. Unprecedented no one really knew how to do this. So you were able to react fast and keep your employees safe. I also love that. We're able to think the business to come back to make make it through this year without having to do layoffs. That's that's incredible. I'm interested now. We're kind of you know we've been dealing with this for eight months or so and the vaccines on the horizon so hopefully by next year. We're going to start to be able to return to some form of normalcy. I'm very interested to know from your perspective. Given the change that twenty twenty brought about in the way that we do business. Are there certain things that you think will last beyond the pandemic as it relates to work unquestionably so in fact in a way for for us. Vw there was a good good. If you can so you good fortune coming out of this entire episode. The learnings we've done. We wear in checked appearing given a great show of of the folks love business. It's really on a strong gross two year in the us. The meals expand rations you bring new functions and the organization get bigger and you need is what office and we were planning You know consolidation. Various functions gone grown in leaps and balancing. So we've got fall. Sean operations all across the country even gusted around the headquarters in the dc washington dc area. You know various functions occupying different buildings wanted to bring them together to on campus and this was the planning was sort of in a very at one stage in remote following. The conventional soka needs disk. And we won't collaboration together simply as old as good logical and then gobert king and Quite frankly i think i. And most of the world's been quite astonished a victory we've been able to maintain continuity with business operations working remotely to start of the challenge for leadership is that you've inc. That's complex as you've got some jobs that simply have to be donald so you do you kind of bold calls or you. Kind of distribute vehicles. You engineer developed this rival those unique people on site. And that's less to make sure you don't end up with to call system. Those were fortunate. Bill to walk from one would lock them and to bed for the others. We wanted to avoid that. Also you know it's it's it's it's manageable responsibility to ensure the safety of oil employees would risk associated by particularly the time when the pandemic was at its peak these more risk associated by being on. Second there's no denying but also they don't want to expose people are necessarily to risk and for those job functions. That could be done remotely. We said that that's just our responsibilities. Wilted those folks know this. I think that the work model. Kicking any office-bound victories has changed for. May company is going to continue to have this idea stubbornly and blindly that we need to bring to the boston. Everybody needs a disk and this is informed. Al plans intra way of organizing going forward. You of have all people look think. Part of what makes organization to work off what forms and shapes the culture of what differentiates you know. Performing and successful organizations will. Those continually seem to struggle is the extent to which all employees of full about info relationships as well as working relationships like the whaler ninja. They make things work. And if everybody's remote you don't have these informal discussions around the water cooler weather and all. She is an important part of of of work. I don't envisage model whereby you publicly every week. I think there's a blend coming and this is certainly the way they're going about it. You dramatically can downsize. You'll you'll office commendation footprint you work on honore tasteful basis where. Everybody's not even at the same time and they will be a few functions. I think typically an easy example. It's things like goals into you know the because beliefs that we've never really beautiful. I mea we had you office areas with hundreds of people manning telephone then we discovered they can so those things going and i think that therefore we love this future where we have smaller footprint. We'd have employs rotating in and out. You might have arranged castilla for those when you do on the whole team to be on board. They may not be working. Maybe so style seating you want to engage on the connect. You want to socialize But it's a new way of looking at the business for a future. One that i find exciting to watch something. We're hearing from a lot of leaders. Is that the flexibility the ability to choose that you won't have a dedicated spot for every single person you might return to the to the office or to the workspace for certain functions and maybe those are the more collaboration the collaborative opportunities where the headstone focused work. If you can do it from home would happen from home. I'm interested because the concept of a of a work day traditionally was show up ninety. Leave at five some companies you show up at eight you leave at seven or whatever it is but if you are going to adopt this flex model where people come and go. Do you think of that as on the day. They comment on a monday or wednesday. If they have to. And they stay home on tuesday and a thursday or do you become a lot more flexible with even the hours that they're in the space. Can they come in for the morning and then leave and go back and work from home for the afternoon. Is that something you guys have given any thought to. I think the these an increased degree of flexibility on the other hand while the astros be some degree of coordination. Because of you know everybody decides to come in at random at days. that'll be problematic. Could you have finite space. I think it requires a little bit of coordination. Full our business. I don't think we've ever been at least for the functions of men themselves. We've never been watches. You know people people get the job done. We measured results. No output input so in such an issue for us. What i will say is that i have found. People were always inches. People might not get any work done. Well let me tell you. I personally have never worked in my life my days longer and you know people say well my journalism is i would promote my sleep at work and i think the same. Holding corrado folks and it's like every day you literally roll out of bed and a few minutes later you're on your first meetings and it continues deep into the night especially for all kinds of business at school zones and all those things in makes long days and you find yourself being productive whereas previously we d budget you. You can't do while you can. And i think actually it's. It's it's mentioned. That's a permanent change. But it's going to. I think we'll continue to leverage productivity increases as well you lead leaders at your organization and some of the things you talked about really long days. You know Sleeping at work basically. You've got people that are experiencing some zoom fatigue or you've got people that are dealing with potentially some mental wellbeing. You're trying to sure. That teams are accountable. You're trying to plan for the future. What are some of the ways that this year has.

us Vw engineer washington Bill donald Sean astros boston corrado
"volkswagen group" Discussed on Work Inspired - A BOS Podcast

Work Inspired - A BOS Podcast

07:26 min | 1 year ago

"volkswagen group" Discussed on Work Inspired - A BOS Podcast

"Especially for luxury brands expands stood me in good stead. I was invited to join the folks logging group and at that time. I'm going back to the early nineties. They had just embarked on this journey of a brand separation to on analogy brits or up until then commingled and handled by common organization. No india on the stature of branded audi is today i suppose my luxury becker was part of the appeal and Kind of continued the journey representing the not only developing audi business said south africa about later on to do the do the same in japan and then moved to the us. More masseuse always you know. There's like a groundhog day. Doing the same thing. Just the magnitude expanded and the complexity. Of course Came to the. Us thousand five and was fortunate. I think to be part of a team. That led to really a dramatic turnaround in the fortunes of audi in this market and help to sort of lay that foundation for the power house brand that it is today then often are associated with. Bwi a little bit with audi. I i left to join Nissan going had been very persuasive. Toss me to to kind of emulate that establishing infinity businesses insipid luxury units from the mainstream nissan brand and then unexpectedly on the journey which i enjoyed very much based in hong kong and was a fabulous experience. I i was invited to join the general motors leadership team working with mary barra and then when the idea was that would take on global leadership over cadillac brandon from sony sort of focus into a global brand required rapid expansion into middle east europe china. Especially that was a very very troubling underwater journey for me. Unfortunately you know. Sometimes these things happen more in girls shall we say. We had a professional and strategic disagreement and general motors company and gm dog being gm. And i returned to my roots. I rejoined the folks love in group on the say. I was made to feel welcome. Was fantastic art rejoining family and today. I'm chief operating officer responsible for the north american region. And i guess it makes for intense day but very exhilarating entry one so automotive big brands global business are these all passions of years. Are there certain things that you did you decide to stay within the automobile industry because you love cars as the appeal that you get to travel. The world lead teams all over the globe What kind of kept you on the path that you're on that you've been on where you're at today. Yeah i think that's that's essentially chairman. Those are important ingredients and building blocks. I will tell you that. I've been Since i can remember my parents call me. I thought i could read it. Because i was going to the newspaper. It was looking at a car ads. I declared that online years of age. That i intended to be the ceo of one day. I just didn't nominate their business even declared the brand and sometimes you get lucky combination of luck and hard work and good opportunities. I guess i could. I could lynn out the dream and then they leave and go beyond all. We're going to get into your leadership style and some of the ways that you've been successful in these organizations here in a little bit. But i wanna i wanna since we came up today and with your current role. I want to acknowledge some of the changes that we've experienced here this year in twenty twenty and kind of going back to the beginning of the pandemic especially with your executive leadership role in and being responsible for so many things within the brand. How did you guys initially react to the crisis when it when it first reared. Its ugly had here earlier this year. We know me candidate. Since it was unprecedented at least in modern living memory. I would have to say. I can't imagine anybody was prepared for we. I had to really come to terms with what it meant. We knew it was serious. But you don't exactly know how serious when the i announce the down started off list. Immediate reaction of course was one to Not underestimated and Do whatever steps. We could as quickly as we could to secure the safety. All about voice that job for us tonight in a broader manufacturing environmental. You've got a lot jobs that require hands on but then also obviously being a major corporation than any jokes actions that Kind of lend themselves through remote work and we had to firstly. Shut down the plant. Figure out how to shut them down. You know you don't just infected you jones lights and go and we didn't know how long the lockdown is going to be so you had to take some steps to systematically used to multiple accounts and then the very next was to ensure that there was a business to come back to We don't know how long walk loss to throw we. Suddenly new the economic impact and disruption was going to be performed and so large corporations. You know you. Cash burn your fixed costs like staggering amounts of millions per day. And even you sitting on top of a fairly sizable a gash. Reserve new gun through that rapidly. Immediate actions to ameliorate cash one preserve liquidity really wanted to ensure that to the fullest extent. Possible we could protect job security for employees. And i'm glad to say we we've come through this not having had to retrain show separate individual. We've downsized that's been important to us the next issue of then as deeper into the old thing to begin to imagine how we would restock had to imagine saying how you have to resume business again. And that built in particularly manufacturing operations a lot of considerations that hasn't been bothering you know what you thought about before. How do you practice social distancing. We shut shutdown canteens. We brought in box meals. We set up transportation services for employees. They would have to use. Public transport remains. We would control the density of of on the buses. We can control the senate of the vehicles and we brought in additional ablution facilities into on so that people had had The free space on them and so apart from the obvious things of setting up testing and checking the health of people as they the sitting up tracking systems and biological these things have been challenging. I would have to say they've been successful for us. In fact the incidence aubin fiction within our plants. Where we speak in uso mexico is infect.

audi Nissan general motors us south africa japan gm becker hong kong senate chief operating officer uso mexico chairman mary barra ceo cadillac east europe executive
"volkswagen group" Discussed on Work Inspired - A BOS Podcast

Work Inspired - A BOS Podcast

01:42 min | 1 year ago

"volkswagen group" Discussed on Work Inspired - A BOS Podcast

"Are you ready to change the way you think about. Work joined leaders from the world's biggest organizations international bestselling authors trailblazers. Innovators at today's fastest growing companies. These are the top minds and business marketing design and real estate here to explore. How great work gets done. I'm george lucas. And you're listening to inspired when you introduce someone like the guests. We've got on the show today. Equal parts excited and nervous. This man has led some of the largest companies in the automotive industry and is currently the chief operating officer at volkswagen in north america. This is going to be such a great episode. Please welcome our guest. Johann the nation johan. Thanks so much for being on the show today where we're incredibly excited to have someone with your calendar of experience and success here to talk to us today. Thank you so much for being here. Thanks for having one of the things we like to do. Especially with gusts like yourself is to just kind of had you tell your professional story. How did you get to where you're at today. Isla was a great deal of hard with a laaksonen. I'm not gonna my whole resume. But i i've been on the older business tycoon area. I started Professional journey in south africa. I'm salonika national. Initially with bmw. Where i would say. It was a fantastic learning experience to learn a little bit about brand management and not. Just the auto business or crafting and cultivating brand's continuity consistency. And all those things.

"volkswagen group" Discussed on AM 970 The Answer

AM 970 The Answer

01:38 min | 2 years ago

"volkswagen group" Discussed on AM 970 The Answer

"Y M. Policy. A ruling by the European Union's top court has exposed the German carmaker Volkswagen Tomb or potential lawsuits and the diesel emissions scandal. Nearly five years after the emissions cheating scandal at Volkswagen first erupted, the German company is still facing the legal consequences. This ruling confirms that consumers outside Germany who bought Volkswagen Group cars equipped with software designed to distort the results of emissions tests of free to sue the company in their home country. The case was referred by a court in Austria, where Volkswagen is facing your claim for damages brought by the country's Consumer Protection Association. Volkswagon claimed the local court did not have jurisdiction. ABC correspondent feel Let leg it With that report, Albania unveiled a Holocaust memorial in the capital to honor the dead and the Albanians who protected Jews from the Nazis. Breaking news and analysis townhall dot com A sea of red ink that's engulfed a major drug store changes being played blamed on the pandemic. Walgreens lost $1.7 billion in the third quarter sales plunging by between 700 million and $750 million With much of the financial damage coming from overseas sales at stores in the U. K, where the company for load more than 16,000 workers dropped almost 28% April foot traffic at its stores plunging by 85%. Rich Thomas in reporting cookware and kitchen chain Sur Le Tabla is closing.

Volkswagen Volkswagen Group Sur Le Tabla Walgreens Albania European Union Rich Thomas ABC Austria Germany Consumer Protection Associatio
Could Electric Motors Save Classic Cars?

BrainStuff

05:07 min | 2 years ago

Could Electric Motors Save Classic Cars?

"Crate. Motors and conversion kits are becoming popular options for breathing new life into classic classic cars and the latest options are a little different as in there now available in electric. That means that if you have a classic car you'd like to convert to an electric vehicle. You know have choices in the United States. Such an idea might be a novelty only for the most serious car collectors. But in Europe several cities are discussing or implementing lamenting plans to reduce or prevent gas and diesel powered cars from entering their city centers so converting a classic visa to electric power could be justified as a practical move. ooh rather than than indulgence but before we get to that first. Let's back up and take a look at exactly what a crate motor is a crate motor or crate. Engine gets its name because it's complete brand new engine delivered in a crate. It's designed to make swapping out or upgrading. An old engine relatively easy. You still need. The mechanical skills is to perform the work or the money to pay someone. But you don't need to worry about salvaging the engine from another car and you won't discover broken or missing parts while you're in the middle of the installation job. Bob Crate. Motors are especially popular for race cars and hot rods. If you have a classic or vintage car that you'd like to actually get running so you can drive it and you have some cash despair. An electric vehicle. Conversion might be the way to go electric motors and power. Trains have simpler designs than gas diesel powered engines which means installation and maintenance. This is easier to as long as you or shop in. Your area is familiar with the work. Electric drive trains can also offer advantages in Torque and power and in the end and the car will run much cleaner. Some auto manufacturers are so enthusiastic about the possibility of converting their classic cars to electric. They're offering ways to upgrade great them in fall of two thousand nineteen for instance. Volkswagen unveiled its factory conversion program and showed off its own project converted nineteen seventy-three Super Beetle to generate interest. The Superbowl was displayed at the twenty. Nine thousand nine Frankfurt Motor show and sported some exterior modifications as well including a tail. Light design from older Beatles specially fitted to conceal the cars electric charging port the standard cooling vents were also removed as. They're no longer needed. The conversion used an electric drive one speed gearbox and battery system based on the new VW Yup Electric car and was completed by the Germans specialist company e classics Thomas Small Member of the board management of Volkswagen group components said in a press release the electrified beetle combines. The charm of our classic car with the mobility of the future innovative e components from Volkswagen Group components are under the Bonnet we work with them to electrify stoically. Important vehicles in. What is an emotional process? We are also providing beetle owners with the professional conversion solution using production parts of the highest quality for now though that's only available in Germany as the conversion is completed by e classics sneer stood guard. Aston Martin and Jaguar both announced similar programs in two thousand eighteen and the Porsche. Three fifty six is also a possibility but VW's as program probably has the most mainstream appeal simply because so many Beatles were built over the car's lifetime. Volkswagen also says that electric microbus conversions are in the works. EXC prices vary widely and few suppliers of electric vehicle. Conversions are openly willing to disclose those prices. Because it will often vary by vehicle and complexity of the project as reported by the verge. California based companies can charge as much as one hundred thousand dollars for conversion in people who joined the waiting lists now may wait at least a couple of years before their cars completed as with anything that affects automotive culture. There are always dissenters the International Federation of historic vehicles or fever. We're in on the trend and said that any gas or diesel powered vehicle refitted with electric is no longer considered historic. Because it's been significantly altered. Fever prefers hers vehicles as original as possible though this stance makes sense on the surface. There are some well reasoned counter points for example if a classic beetle is reworked as the EV using a kit designed supplied by. Volkswagen shouldn't the fact that the original automaker had a hand in the project count for something. What about cases in which an easy conversion is the only possible or practical way to get a car back on the road? Isn't that better for car culture than letting it rotten a field. We spoke by email with Eric. Hutchinson the founding partner of electric. Gt a California based provider of E v Crate Motors. He said certainly there are collectibles. That should remain preserved collectible oh end untouched but of all vehicles produced from the nineteen twenty s to nineteen eighties. There's ample opportunity to honor the heritage and keep more on the road well into the future with modern driveability Hutchinson says many of electric. Gt's customers own modern vs alongside their classic projects and aren't typically worried about the effect on their cars collector value. He explained they're investing more into the actual restoration and upgrades to complement the investment of the conversion. There's a big value you on usability and driveability.

Volkswagen Crate Motors Bob Crate Volkswagen Group Beatles California Crate. Motors Europe United States Fever Hutchinson Frankfurt Motor Aston Martin Germany GT Porsche EXC
Jeep, Suzuki models found to have broken EU emissions rules

Paul W. Smith

00:41 sec | 2 years ago

Jeep, Suzuki models found to have broken EU emissions rules

"Word this week is that jeep and Suzuki diesel models broke emissions rules this time the road authority in Holland has ruled that the jeep grand Cherokee and Suzuki Batara must be fixed or face a ban on sales across Europe regulators across the world have been testing diesel models since Volkswagen group admitted in two thousand fifteen that used illegal software to cheat US emissions tests the scandal has spread from one region of the world to another and touched many brands five years later we know this much to be true VW was not alone they were just the first to get caught and the proof among others is the higher levels of harmful nitrogen oxide on the road make no mistake more brands will make the list in the dark cloud over the industry will continue to get heavier

Holland Volkswagen Group United States Suzuki Suzuki Batara Europe
"volkswagen group" Discussed on KOMO

KOMO

04:09 min | 2 years ago

"volkswagen group" Discussed on KOMO

"News one thousand FM ninety seven seven jump right in and put the pedal to the floor our auto expert with Nick miles continues they will go back to our auto experts let's pick up where we left off clearly they have a big naming the problem yes and that might change as we go forward with their new chamber chief operating officer right which is but include your hundred nation who is to have a habit of naming cars in the other car companies by initial the letters that don't really make a lot of sense he was coming to a dealership near you he was responsible for naming Olean channel of names in the Infiniti lineup from whatever the unity candle actually well Cataleya so let's see if we can set us free W. to tell me they used to have better luck with an allergist numbers yeah they used to have you cat likes used to have names and now the numbers did you see the cobra hi say which one cobra C. U. P. A. just stay outside believe it was wasn't I did see it we didn't included in much in our coverage because frankly we don't get to have it here but it was a great looking at you little cross over but I think it's you know they would do well here say I Purcell here but again we're still in the Volkswagen group yes Sanderson from the Volkswagen group a little bit then we're on the wrong side of the wrong below V. W. right as of the cheap the V. she B. W. yeah yeah and only sold in Europe but they're not safe here right right so and it is worth pointing out most of the news came from German automakers there was no it was a quieter so just like all the other artists as we can sing that a lot of the of the rondo US car companies there and there weren't much in the way Japanese I mean Honda show with the key concept are not concept it's production car so it's their new production model again not coming to America right which is too bad because it's kind of cute I like it even start electric race car I know I like the Hyundai that what was it cold the concept is called the forty five EDT concept now I like I've seen pictures it looks really good it's very wide and low it's got a nice silhouettes in a very much a concept car it's got swivel seats inside and I'm sure the drive itself like everything else which is right B. M. W. I. and Mercedes and introduce concepts as well they did in BMW showed the what will be the next for series and the first thing most people notice when they look at it is that girl yeah ezola grilled any bigger it got bigger it got bigger on a smaller car which is you know I'm hoping it'll go to elections route where you know it's all good and then they put a car behind X. grills are going to be from the windshield down to the tires you will likely be looking through the grill as you drive the car it will be cheaper just to have no hood and have a big grill seriously because you make it up all right so we can do better than the BMW because that's the concept for the silhouette looks like eight year is it the car looks absolutely gorgeous in the grill has grown on me the more I look at it but it looks a little tricky to me let me ask you when the last minute we have what was the idea with this alti trail quattro it looks more like a dune buggy it does and this is actually the fourth in a series of A. I. cars that they built this is the last of them but the others were designed for luxury for the city and for commuting this one is designed for going off road clearly when taking a look at it and it is designed to drive autonomously or with the you know somebody driving it for you como news one thousand FM ninety seven seven our auto experts would make miles.

Nick miles eight year
"volkswagen group" Discussed on KOMO

KOMO

03:43 min | 2 years ago

"volkswagen group" Discussed on KOMO

"Change as we go forward with their new Jim the chief operating officer right which is but include your Hyundai Neeson who is still had a habit of naming cars in the other car companies by initials in letters that don't really make a lot of sense he was coming to a dealership near you he was responsible for naming all the information you will of names in the Infiniti lineup from whatever the unity candle wax Cataleya so let's see if we can set us free W. two telling me these have better luck with an allergist numbers yeah they used to have you cat likes used to have names and now the numbers did you see the cobra hi say which one cobra C. U. P. A. don't say I believe it was wasn't I did see it we didn't included in much in our coverage because frankly we don't get to have it here but it was a great looking at you little cross over I think it's you know they would do well here say I Purcell here but again we're still in the Volkswagen group yes Sanderson from the Volkswagen group a little bit there were on the wrong side of the rung below V. W. right as of the cheap the sheep B. W. yeah yeah an early so we are fed up with here right so and it is for twenty of most of the news came from German automakers there was no it was a quite a show just like all the other options we can seeing that a lot of the of the window US car companies there and there weren't much in the way Japanese I mean Honda show with the key concept are not concept it's production car so it's their new production model again not coming to America right which is too bad because it's kind of cute I like it even start electric race car I know I like the Hyundai that what was it called the concept is called the forty five GB concept now I like I've seen pictures it is it looks really good it's very wide and low it's got a nice satellites in a very much a concept car it's got swivel seats inside and I'm sure the drive itself like everything else is right B. M. W. I am am Mercedes and introduce concepts as well they did in BMW showed the what will be the next for series and the first thing most people notice when they look at it is that coral yeah not the so the grill on the bigger it got bigger it got bigger on a smaller car which is you know I'm hoping it'll go to lex's route where you know with all grown and they put a car behind X. grills are going to be from the windshield down to the tires looking through the grill as you drive the car it will be cheaper just to have no hood and have a big grill seriously because you make it up all right so which is better than the BMW because that's the concept for the silhouette looks like an eight year is it the car looks absolutely gorgeous in Negril has grown on me the more I look at it but it looks a little too easy to me let me ask you in the last minute we have what was the idea with this alti trail quattro it looks more like a dune buggy it does and this is actually the fourth in a series of A. I. cars that they built this is the last of them but the others were designed for luxury for the city and for commuting this one is designed for going off road clearly when taking a look at it and it is designed to drive autonomously.

chief operating officer Hyundai Neeson Jim forty five GB eight year
 Prosecutors charge former Audi boss in emissions scandal

Mike Gallagher

00:51 sec | 3 years ago

Prosecutors charge former Audi boss in emissions scandal

"German prosecutors have charged the former head of Audi bolts wagons luxury division with fraud in connection with the sales of vehicles with software that enabled cheating on emissions test all agreed that a pacifist hater shouldn't be forced to pay a pro the scandal erupted in September twenty fifteen when the Volkswagen group admitted deliberately using illegal emissions control software to bypass official pollution tests in the United States it later emerged that similar software had been fitted to millions of vehicles sold around the world at the time of the scandal repeat Stadler was head of Volkswagen subsidiary Audi prosecutors claim that although he was well aware that cheating was going on by September twenty fifteen at the latest he still allowed hundreds of thousands of affected vehicles to be sold that's BBC correspondent the alleged

Fraud Volkswagen Group United States Stadler Audi Official Volkswagen BBC
"volkswagen group" Discussed on CarCast

CarCast

02:09 min | 3 years ago

"volkswagen group" Discussed on CarCast

"Yeah. And, you know, European mock incredibly difficult to make money in China has had a bit of implosion. You look at Georgia landrover they've hot water three and a half billion dollar right down this year to do the they've been hit by diesel market, imploding, China market imploding, and then Brexit, and all that uncertain tastes like a triple whammy w Mench. And I thought I read this correctly, BMW took like a, a quarter loss, the first time in a billion years like actually lost something. I don't know. I don't know if that's because they reinvested so much into some other new technology or, or sales are down or or what but it's just a tough market a real transition and a lot of people say what we need to team with each other to, to make these work, but it's, it's difficult to see why they will you know how it all shakes out in the end, and people saying, well this other entrance coming into the mall kid. I mean we've seen tesla tesla those these time when still as what televised Malki famo- Kate value with with fold which on the face of it seems mad. But yeah, there's all sorts of nonsense going, and it will be the next ten years ago to be fascinating. Yeah. But, like you brought it up to clarify things. It comes down to. We need. Forget the politics of it in the stock prices of it. But if you wanna Toyota Supra, you need a partnership to do it. Otherwise, you either don't get the car or that cars, eighty thousand dollars. Yeah. Just to decide that you do it for purely for marketing reasons. Yeah. And, and that makes sense for them. Because everybody's everybody's looking at their dollars, and they it doesn't make sense to just do it for marketing now. No infamy. And w they get to show as well. So it just. Yeah. Just stocks up for them. And so is enthusiast. Do we get more choice and more options because of these partnerships? Yeah. We do. And actually, if you get better technology that works, which you go to colonies of scale and the Volkswagen group and we go into the H on because there's some interesting sharing their and, you know, who cares whether the the the conditioning bit..

China BMW Toyota Supra landrover Volkswagen group Georgia Brexit Kate eighty thousand dollars billion dollar billion years ten years
"volkswagen group" Discussed on CarCast

CarCast

03:53 min | 3 years ago

"volkswagen group" Discussed on CarCast

"Can car companies afford to make mistakes? You know, like you guys are driving the Tron. We'll get into the specifically and great Audis electric vehicle. It's out. There's a handful it's recalled already. I interesting. Interesting says, by the trauma, will get can get the moment. I guess my answer to that is, it's kind of both in his much that take the super for example. Yeah, there's been a huge tension. We just driven it, we think it's a good caller. It's, it's phone. It's fifty thousand dollars isn't a foldable in true sense, but it but come on. Everything. Yeah. You know, you get a Mustang bullets fifty grand for sure. You know the super doesn't exist without a polish. It would be to a new kind of agonize about is a true, Judy Japanese have this is it, you know, true lineage. The reality is dot co. There's no business case for Toyota, just saying, we're going to build a some scratch, so it doesn't happen. But actually, they part, and we pay debut show, a lot of the good bits. They could engineer enough themselves. So then he starts to make it starts to make sense. They did the same with eighty six and Subaru. So for things that the Bolus bowls calls in the world if these things didn't happen, and on a business level, the problem is with this industry. He's just too expensive. It's so expensive developed and at the moment, we're in this real sort of paradigm shift, as, as technology changes not owning tombs of the propulsion systems. I mean, if you think you go back to the beginning of the twentieth century and the whole thing about getting from steam to to to gasoline. And then since then there's been no real change. Now, everybody's investing like crazy and electrification. And at the same time investing hugely in Altemus. And I, I went to, to Munich to see BMW and they were showing me they're all tournaments, how much money was going into it, and how much day to their crazy. I kind of looked in. I thought you know, this is no because up the road Mercedes doing the same thing and up the road, you know. So is the Volkswagen group and you will really just connecting data an autonomous isn't really a big brand differentiate. So, right. So there were definitely times just make sense to show. We seem with portion for example, how, you know, the each all this, or the each on the missionary or the taken is now that exists, because portions got access to the Volkswagen group's technology. So there's a lot of good things about it, but there's also a desperation if you look at I mean fold announce last week shooting an engine plant in Wales GM's being laying off load appeal across the world. In fact, she's a be shedding people, and that's really tough on all everybody involved in, in, in the industry. But a lot of these big, big period of transition in red everything's fit so into this sort of deeply into some bolts if but actually I you which is fifth crisis. Two bills which is all the fat Browns whistle the Jeep, and dodge and everything else brands they wanna get together with Reynaud. But then Reynaud is I think twelve percent owned by Nason, which is also pardoned alliance with Mitsubishi but the big deal. Hey, was Reynaud is also laws control by the French state, so kind of business moles go out the window, and suddenly, we go political situation, and what seems to have happened. Here is the politics has got involved in the business. Yeah. And the friendship Basie said non. Wanted to I why wired. Why is government involved in car company own it because but because of bailouts and stuff? He needed money and the government was like while we don't want to lose her job. So now, we all own pieces of your company there's a bit. I mean, the historical the state is at a big share of run for for for a long, long time. And not just being a just a function of the company, but it, but it just changes the dynamics, and then the and he's all politics and Nash is having else in the and the problem is known of these companies or low. These companies are struggling to be big enough. You look at global sense home. There isn't actually, so big when you look at it in a global level BMW, even with mini and Rolls, Royce still pretty pretty small..

Reynaud Volkswagen group BMW Basie Toyota Subaru Munich Judy Japanese Altemus engineer Wales Royce Nash GM Nason Mitsubishi fifty thousand dollars twelve percent
"volkswagen group" Discussed on AP News

AP News

01:57 min | 3 years ago

"volkswagen group" Discussed on AP News

"It comes several weeks after a university of South Carolina. Student was killed after getting into a car. She had mistaken for the Uber ride. She hailed the company said it would now begin sending a push notification to riders reminding them to check the driver and vehicle. The alert will include the driver's name photo license plate number and vehicle making model. The future will roll out. I in Columbia, South Carolina and later nationwide over is also sending emails to every rider to outline the steps to make sure they're getting into the right car. A female NASA astronaut will spend nearly a year at the international space station setting a record for women Kristina cook will remain on board until February that's about eleven months and just short of breaking Scott Kelly's three hundred forty day. US record cook new before launching last month that her flight might stretch into twenty twenty and sought advice from Kelley as well as retired astronaut Peggy wisdom the current record holder four females space. Flyers cook will break Wisden's two hundred eighty eight day record for the longest single spaceflight by a woman at the end of December new car sales in Europe have fallen for a seventh straight month dropping into the four percent in March the European carmakers association group ACA said one point seven two million new cars were sold last month. That's down from one point seven nine million in March of two thousand eighteen Italy all five top markets decline with a double digit drop the Volkswagen group did gain some market share capturing twenty three point two percent of sales with a mile. One percent drop shears of its luxury brands were mixed though without up by one point seven percent and Porsche plummeting nineteen percent. French carmaker? Renault was alone among mass carmakers and increasing sales of two percent on the strength of its lower price to dossier of our key. I'm Rita Foley with an AP newsmen. It is impeachment possibility. It's now up to congress to decide what to do with special counsel Robert Mueller's findings about President Trump AP correspondent, Eric.

Kristina cook South Carolina Rita Foley Volkswagen group Scott Kelly US Robert Mueller NASA Columbia Renault congress Wisden Europe Peggy Kelley special counsel ACA President Eric
"volkswagen group" Discussed on AP News

AP News

01:47 min | 3 years ago

"volkswagen group" Discussed on AP News

"The statement Thursday a day after Jet Airways said it was suspending all flight operations because it doesn't have the money to fly travel agents in New Delhi say the suspension of operations has been affecting prices and availability in and outside of India. New car sales in Europe have fallen for a seventh straight month dropping into the four percents in March the European carmakers association group ACA said one point seven two million new cars were sold last month. That's down from one point seven nine million in March of two thousand eighteen Italy all five top markets in decline with a double digit drop the Volkswagen group did gain some market share capturing twenty three point two percent of sales with a mild one percent drop shears of its luxury. Brands were mixed though without up by one point seven percent and Porsche plummeting nineteen percent. French carmaker? Renault was alone among mass carmakers and increasing sales up two percent of the strength of its lower price to dossier marquee. Unemployment's dropped to a fifty year, low AP correspondent Ben Thomas reports on the latest report from the Labor Department first time claims for jobless benefits fell by five thousand last week to one hundred ninety two thousand that's the lowest since September nineteen sixty-nine weekly claims have been at historically low levels below three hundred thousand for more than four years jobless claims where a proxy for layoffs and the low levels show that most Americans are enjoying job security. The unemployment rate is at three point eight percent. The lowest in almost fifty years. Ben Thomas, Washington. The Muller report is out, but the investigations far from over. I'm Jacky Quin with an AP news minute. We special counsel Robert Muller ruling out collusion with Russia. Senate Republicans like ROY Blount, no collusion..

Ben Thomas Robert Muller Jet Airways New Delhi Jacky Quin Volkswagen group ROY Blount AP Europe Renault ACA Senate India special counsel Labor Department Russia Washington
"volkswagen group" Discussed on AP News

AP News

02:09 min | 3 years ago

"volkswagen group" Discussed on AP News

"Dog found swimming more than one hundred thirty five miles from shore in the Gulf of Thailand has been returned safely to land and oil rig worker said on his Facebook page that they saw the dogs swimming toward the platform last Friday, he said, they were lucky to spot it because if there had been any waves, it probably wouldn't have been visible the dog made it to the platform clinging to the support structure below deck without barking or whimpering the crew managed to lower a rope and secure it around the dog's neck, and then haul it up the workers speculate that the dog might have fallen off a fishing trawler and dubbed it Boonrod or survivor Senator Bernie Sanders and Fox News took heat from their various supporters after the pair came together to put on Mondays town hall in the end millions tuned in for what would be the largest audience for any such event. So far in the campaign cycle rating service. Nielsen estimates two point five million. People watched the Sanders townhall that nearly doubled. The number. He had for townhall on CNN in February the previous high for the campaign season was when Senator Kamala Harris, ju just under two million viewers. Very see that appearance in January the Sanders audience was chosen by FOX, and at one point roared into applause when asked if they would support Medicare for all one of the viewers was frequent Sandra's target President Trump who in one tweet asked. What's with Fox News? New car sales in Europe have fallen for a seventh straight month dropping another four percent in March the European carmakers association group ACA said one point seven two million new cars were sold last month. That's down from one point seven nine million in March of two thousand eighteen Italy all five top markets decline with a double digit drop the Volkswagen group did gain some market share capturing twenty three point two percent of sales with a mild one percent drop. Shares of its luxury brands were mixed though without up by one point seven percent and Porsche plummeting nineteen percent. French carmaker? Renault was alone among mass carmakers and increasing sales up two percent on the strength of its lower price to dossier of our key. AP radio news. I'm Jacky Quin. The chairman.

Senator Bernie Sanders Fox News Senator Kamala Harris Nielsen Jacky Quin Facebook Thailand FOX Trump Gulf Volkswagen group AP Renault chairman CNN Europe ACA Medicare Sandra
VW chief's Nazi gaffe angers investors

FT News

07:39 min | 3 years ago

VW chief's Nazi gaffe angers investors

"Independent. Investors have raised questions about the future. Volkswagen's chief executive Herbert dece after he evaded Nazi phrase in a management meeting last week. John many brand discusses the controversy with Patrick gave. Patrick what exactly did Mr. d say the private meeting to w clock badgers, and he was explaining that the twelve brands within Volkswagen that includes Porsche Audi Skoda's yacht. They're managed differently. And he was saying that Porsche because it has seventeen percent margins doesn't really have taught managing breathing down their neck about how to get things done. And he was basically saying if you are a different brand, and you want to have that same kind of freedom prophets will set you free. And so he said Yvette maxed fry which is really similar to our by MAC fry which was in blazoned at the Auschwitz concentration camps. So VW has unfortunate links with the Third Reich because we know is it possible that the head of a company that was founded at the behest of Adolf Hitler and relied on concentration camp labor during its early days could be unaware of the offense his remarks might have caused. I do think it's possible. The question is whether that. That means anything maybe that falls towards negligence or being Bolivia's. But you know, you're supposed to be super aware of these comments and of the history. And actually he's made a point of saying that he's aware of the history he visited outfits last year, he visited yet but shown in Jerusalem last year who was actually one of his first access CEO. So he is conscious of this. And this is just a major blunder. But I have spoken people who are in the room and more than half of them have told me they didn't make the connection either in part because what he was saying was really such a sort of benign comment that, you know, prophets will sort of help you. Nobody was thinking in terms of historical connections to folks against darkest days. Then again, a hassle going to people who say as soon as he said, I recognize the historical blunder, and it's worth knowing that Mr. de said the comments to an even five times, according to some people. So I think he was rather oblivious to it. I don't think he was putting on it. But it's hard to say, and I get inside his mind. So how did misdeeds explain it? Itself. Mr. has a pretty active linked in page where he puts up sell fees with join Adela from Microsoft, and that sort of thing that's actually working chose to write his apology. He basically said I apologize unreservedly Inouye was I trying to make this connection, and it's worth knowing that that came immediately. There was no hesitation on his part or anything and welcomed by multiple parties. And what's been the reaction of shareholders and investors? So when we talk about investors with Volkswagen it's worth knowing we're almost exclusively talking about minority shareholders because three groups hold ninety percent of the shares of the ten percent that's held by you know, you and I'm on pop investors institutions I've spoken to several who were outraged and defended and some of them as we've written in the have called for him to go. They think that this represents a really big misjudgment and calls into question some of his other decision making. But he's also made a lot of enemies within Volkswagen by trying to lift margin by. By going after the cost structure wanting to lay people off wanting to shift Volkswagen into a new direction focused on electric occasion, which will reduce the workforce over the next ten years. And I think there's a lot of people who weren't necessarily offended by the statement. But they see this as an opportunity to either hurt dece or to get rid of him because they're already against him when did Mr. deeds joined VW, and how'd you think his performance is rated currently by shareholders? He was a BMW board member for a while he joined Volkswagen in July two thousand fifteen now that just three months before the diesel scandal was exposed it's pretty unfortunate timing because it's not late enough to be fully cleaned from the diesel scandal. So he's actually been under investigation since two thousand sixteen by German prosecutors because there's a big big shareholder case that still hasn't gone to court or just in the early stages of going to court now where shareholders are seeking damages of nine billion euros because they believe. Board told them too late about the diesel scandal. They needed to be informed earlier. So DC's was the head of the VW brand not the head of the W group at the time. But he's implicated in that ended remains to be seen whether that be troublesome for him later on. He was only promoted to the Volkswagen group kief executive eleven months ago. So do you think he'll survive this latest scandal and give them the company's ownership structures? You explain it who would have the power to remove him basically to forces that could have the power. So one is the portion peac family that owns fifty three percent of the entire company so far from awful sources, I know that they still back him entirely, and he has such a big job to do right now. They've been very pleased with him. I would be pretty surprised that they turned on him over this comment. The other however is a little more contentious so Volkswagen supervisory board who really has all the power has twenty seats. Ten of them Gherman law, go to the labor union and then two of them come from lower south. Axes state where they have their headquarters. So that gives a majority right twelve out of twenty two basically the workers because Lower Saxony size of the workers because of the way politics works. So if they really turn against him than that's how you could see Mr. being ousted. So finally, Patrick VW has a history of unforced errors, and given this latest blundered, you think Mr. DC's really the man to turn around Volkswagen's fortunes. I can tell this blunder. It would be a really simple answer. And you would say yes shareholders have generally been big cheerleaders of Mr. dece in large part because he's known to be a very tough negotiator with the unions. He wants to cut costs here there and everywhere and Volkswagen under his leadership is making a full throttle turn towards electrification on a level that you're just not seeing with the groups that rival them in terms of car sold. So that would be renault-nissan Toyota General Motors, so electric vacation really is the future of automotive. Volkswagen has. Lake over everyone else. Nobody else is really willing to take that sort of risk. But the other question, of course, is corporate governance and cultural reform, and with this kind of comment, I suppose that gets put into question, but there are a lot of people who think that this whole episode was sort of silly. It was obviously an unfortunate error, and it doesn't have wider implications to really depends where you fall into that question. And I think one interesting parallel is that when the Volkswagen scandal was exposed Martin vinter corn the CEO step down within a week and the head of Porsche. But he has Mueller took over within a few months. He went to the Detroit auto show and was asked about this scandal by NPR, and he said, very clearly we didn't lie, and I would think that was actually a bigger gaffe than actually what just said because it was just months after the diesel scandal. It was a really sensitive time. And it was already clear at that point that Volkswagen had engaged in a cover up for a year after more than ten years of cheating. So to say. We didn't lie was just such a big thing. So I do think dis has a strong credibility with investors. Even with this gaffe, and in general, he does have the credibility to take this company in new direction. He's really got the portion peac families on board. And you know, they're often seen as the problem for Volkswagen being to your credit ads not looking after shareholders. So so long as these surprise next week. I think he'll be there for quite a bit more time at least a year or

Volkswagen Volkswagen Group Patrick Vw Porsche Herbert Dece CEO Yvette John Adolf Hitler Chief Executive Bolivia Blazoned Labor Union BMW Inouye Jerusalem Microsoft Audi Mr. De
VW takes on Tesla

FT News

14:18 min | 3 years ago

VW takes on Tesla

"Time. This is a message to all the accountants out there. If you are worried that a robot is going to take your job become a certified management accountant, you see we are only programmed to mine data and crunch numbers. You'll have control over the strategy and the decision making so become a CNA and robots like me will help you not hurt you unless we short-circuit then all bets are off the certification. You've gotta earn it. Visit certification dot org for details. From the newsroom of the financial times in endan, I'm season blimp. Som Volkswagen has been working on its tesla killer since late twenty fifteen but this is not an electric car. It has the underlying chassis or platform the building block for fifty different models of electric car that VW promises to mate by twenty twenty five. Tim Bradshaw discusses the German car companies plan to dominate the electric vehicle market with patriot in the game. Country. Tell us how much volume is investing in electric car developments, and what form as this investment taken. So far. Going to bed that over the next five years alone. It will spend forty four billion euros a roughly fifty billion US dollars on future technologies. And then the vast bulk of that thirty billion euros is devoted exclusively to electric cars. And where is it right now? What's the sort of scale of VW's electric business at the moment? And how's that compared to tesla electric plein air for pests with far far away? I mean, Volkswagen only sold forty thousand pure electric cars and sixty thousand hybrid cars last year, which may be too small a number, but it's a fraction of the ten point. Eight million cars that base old globally there. The world's biggest carmaker, but they're nowhere near the world's biggest carmaker when it comes to electric cars. Maybe it's worth knowing Volkswagen is the Volkswagen group. Right. Spread over twelve brands and the most profitably Audi maybe the sexiest being Porsche. But this also includes Bentley spaghetti see us, go to Lambert Jeanie, and this is a massive company and since the Volkswagen scandal in two thousand fifteen they're under new leadership, and they've just shifted direction drastically in the direction of electric vehicles. But they're doing it in the. Dramatic slow and steady ways that we're only seeing the first electric cars built on this new bespoke electric platform later this year, and it's slow and steady the ROY approach for the electric car market at the moment. How quickly is it growing role? And is it growing on pace or is it like nine so everyone says the German carmakers are late to electric car party. And I've been saying for years that they're late. But this is a pretty exclusive party, right? Even in China where electric cars are most popular at least among the big markets, including places like Norway. You know? It's only two point four percent of car sold in China last year where electric so you know, if you consider that your major carmaker selling millions of vehicles, this is non exactly a market that you're actually really missing out on in terms of volume. So they've been doing the slow and steady approach to figure out what their strategy should be. But once it begins to be implemented and twenty twenty more than twenty nineteen is really the year that they'll begin releasing these on mass once it begins to be implemented. Then I think they're actually going to do this really fast. And there's gonna be a wave of. Electric car models coming out in the first five years of next decade. So it just seems slow, but it seems slow because they're being methodical. I mean, if they sort of rushed out with a bunch of electric cars, they probably would have all sorts of mistakes. And in fact, this is criticism that you hear among the German carmakers towards tesla that this is incredibly innovative company, and there's really no CEO's that I speak to that would deny that. But everyone knows there's also lots of production problems and even differences between different cars of the same. All right, so model threes introduced a year and a half ago are actually different in many respects than ones coming out right now, which to a German production mindset is sort of blasphemous and the certain way. Savita lead the skateboard platform that they're coming out with is crucial to that expansion in the electric call market in the coming years. Just explain a little bit about how that works and how does that difference away? 'cause a traditionally built Shafie is called M E B, and it really is critical. Because of course, folks, I can already sell electric cars. The problem is they don't have the same range as tesla cars, and the reason is pretty simple, and it's that to build electric cars today and most incumbent carmakers this is what they do. They have a platform sort of car architecture that built for the journal combustion engine. So when they're building electric cars, they centrally just don't put in the power train. And then they try to stuff batteries and electric motor wherever will fit the result is just compromise. So the way tesla is superior in one respect, I think very central respect is that they started with a total clean sheet. So they built an electric car from the ground up when they built the model S in two thousand twelve and so as a result, just everything they. Did was built for an electric car. So they have this huge battery, you know, weighing six hundred kilograms it sits beneath your feet, and it just opens up all sorts of possibilities for the design, and you know, Tesla's famously has what's called a front of front facing trunk basically because there's no combustion engine sitting there so opens up new possibilities because the electric car market is so small incumbent carmakers just haven't had the resources or vision to really follow in those footsteps, but Volkswagen is now convinced and for regulatory purposes, they sort of have to be convinced that electric cars really are the future, and they just have the capacity to build up an EMMY be electric skateboard chassis, and they're gonna have it up and running in eastern Germany later this year, and then by two thousand twenty two actually have eight different factories churning out the vehicles, and so the idea is that you can create lots of different designs on top of the same platform is that right? And is that how that was interesting 'cause yeah, not to get too key here. But there's something that looks like an introduced called modular. Suction is sounds wonky. But it's really really important. So if you sort of go back in the history of automotive what you find is that there's always been efforts to use the same parts in variety of different cars. There's this famous magazine cover of the nineteen eighties. Where GM executive is sitting in front of four cars that are are sensibly different. And they're all based on very similar parts. And it's more infamous than famous because the four cars, basically, all look the same that wasn't sort of GM's intention. And that's always been the problem that if you use the same parts you end up with cookie cutter monotony and would Volkswagen pioneered about a decade ago with combustion engine cars something called modular production. And what that meant was that instead of sharing tangible parts and components they began to share abstract things, so fixed dimensions. And what that meant was that you could sort of plug and play where something went, and you could differentiate the quality somehow. So if you have maybe like one hundred different engines, and they can all fit in the same way. But then you can sort of have a spectrum of engines that are ranging from cheap ones that are used in to the expensive ones that are. Using outy, but you can plug and play in a variety of ways. And so you're sort of achieving cost savings as well as Riecke it's sort of the holy grail. These two things that are supposed to be contradictory. But em QB the platform where they've done this for internal combustion engines with never really this huge cost saving success, and it's because Volkswagen with so enthusiastic about their variety that they never really got the cost savings down. So only in the last few years have they really clamped down on the righty that's offered. And they're going to do this to like a sort of crazy degree for m e b so the electric cars Volkswagen is offering is going to have far far fewer steering wheels or seats or something that you're allowed to have the customer purchase. But the result will be a huge huge boon in simplicity both in engineering and sales for folks second and does that bring the cost down as well. I mean VW's obviously goes regulatory imperative to invest in this platform and the suddenly plenty of competition. It's going to catch up with. But it's also going to sell these things that are. Consume as one that can go distance that they need is that happening. Is there evidence that they can get the they haven't released actual prices all they release said is that their first hatchback electric car a car known as the ID Neo is going to cost the same as a diesel. That's about thirty thousand euros. But whether it ends up being twenty nine or thirty two nobody quite knows. 'cause they haven't announced it, but if you sort of put that into the realm of what attest to sell for in Germany, the model three starting prices fifty five thousand euros. So I mean, I wouldn't want to compare hatchback right, which is sort of a lesser vehicle beneficial on Saddam like the model three, but nevertheless, just on the price point comparison. I mean, if you want to buy an electric car in two thousand twenty folks that I can should have a considerably cheaper option. But they've even said that by two thousand twenty two or two thousand twenty three they wanna be able to sell a compact SUV that's electric for just eighteen thousand euros. That's like a third of the price of the current model three in Germany. So if they're able to actually execute on this that would be. Pretty pretty amazing whether they can actually create profits from it. It's a totally different answer. But certainly Volkswagen has a Connie's of scale that very very few carmakers can rival. And so how much of a head start? Tesla have against an is it planning to bring its prices down as well. It seems to have been a bit of a struggle with the three. At least meet the advertised affordability that they had originally promised. Catholics are funny. One isn't it? Because when we can say that the main thing for tesla in twenty eighteen was problems in production in God knows a lot of media stories written about that. But I mean, they managed to double their production just between the second quarter and the third quarter. I know he was a major disappointment with tesla came out for the fourth quarter. Just last week. Tesla said they they built something like ninety thousand vehicles and the street was disappointed because they were expecting ninety two thousand well, okay, fine. But that was more than double from the prior year. So tesla is ramping up at an incredible pace. I think the problem for tesla is I haven't yet had an annual profit. And given just the cost of lithium ion batteries and co balls and everything that has to go into an electric vehicle this really could be a con MI of Gail game. And that's where group like Volkswagen, but also GM also Toyota could really thrive. The main differences maybe worth pointing out is so much of this. Of course, the battery and tesla does have this unique strategy gigafactory of being far more involved in battery development than really any other car maker that. No. And how does this extend to the infrastructure for electric 'cause must be a huge differentiator for tesla. In terms of having the supercharge network rolled out across the US and increasing the around all the pulse of the world's is that problem being sold as well. And how much does the comic themselves have to get involved in this point. I think Volkswagen in probably all the carmakers have been reluctant to adapt. If you think of Henry Ford, and every carmaker sense, they just have not had to consider where you put petrol into your car. This is a different industry. But for whatever reason electric cars that just hasn't been the case. I mean, I guess with Pessoa having no super charger network to rely on it just built it it self and now other carmakers have sort of been pressured do the same thing because they know that nobody's going to buy their cars, if it's not easy to charge them so Volkswagen had a few different strategies. It's hard to say it in a single sentence. But you know, they have this joint development with the other German carmakers and Ford the company called honesty, that's releasing charging stations across Europe. And then they also have some more interest. Things. So, you know, if you have a cell phone, you probably have power Bank to charge it once in a while when you're on the go when you're on the train and they've actually just released and they're going to put into series production. I'd sort of giant power Bank that can charge four cars at once. And the idea that they can set them up in locations, and sort of gauge whether or not there's a demand for charging that works there. So you can sort of serve a gauging demand perspective. But also, let's say I don't know you had Woodstock being held over the course of a week and series of fields Volkswagen could sort of deploy these things within a few hours notice. And so people could drive their electric cars. So I don't know it looks like and thinking in a holistic sense in which they've never really had to before to make sure that there are charging stations and that they're also powered by renewable energy. So folks, I made this big push to say, you know, it doesn't make sense for you to buy an electric car. If you're just gonna fuel it by coal. So they're making sure that you can actually purchase energy. That's only coming from solar and wind. My final question is we've talked a lot about electric cars akals, the right electric vehicles will these companies to be. Vesting in the moment. I've written an awful lot about the crazy amounts of money that had going into electric scooter sharing companies electric bike sharing companies, and then I'll making the vehicles themselves by and large. They're just buying them from supplies primarily in China. But you sort of feel like as the world goes electric, the Volkswagen trying to create something that's maybe a bed of Tyler made electric called and adopting their existing models. But there's an opportunity says more radically rethink while the car is at this point, whether the hospice Gutu rule, something kind of smaller is that the right approach a cities congestion problems going to be sold by just having some all electric cause rather than gas-guzzling ones. Think if I was folks back in shareholder, and I certainly am not one. It would be my biggest concern, which is that they're spending billions upon billions, right? Thirty billion euros just in the next five years on electrifying, everything and they have really no interest or capacity to be involved with the micro mobility scooters that you mentioned individual ownership could die in favor of robo taxes and all that and Vokes. Have all companies just is not really at the forefront of that stuff. It's not to say that they don't have anything, you know, if you want to subscribe to a variety of Porsche's right now, you can do that with the Porsche passportprogram, but they're not really at the forefront of it. So I do think it's sort of based on the idea that individual owners are still going from a to b but in a sense, maybe it's premature to be thinking too much along those lines. I mean, you know, they did sell ten point eight million cars last year that was more than the previous year on even in a place like China where the market actually shrank for the first time since nineteen ninety Volkswagen was able to sell more cars and actually increase its market share. So you know, I think there's what ninety million cars sold a year, not many people really think that's actually going down between now and two thousand twenty five. And so really that's the market. They're going after right now tens of billions of car sold year. But more and more of them are going to be electric, whether this sets them up well for post two thousand twenty five is really a whole different question. And it's really hard to gauge. But even when you talk about rubber taxes, everybody involved wants those to be electric too. So the to sort of. Should go hand in hand. But it definitely true the tournaments he'll cut technologies way more of a revolution than simply changed powertrain internal combustion engine. Elector? Thanks very much

Volkswagen Tesla Som Volkswagen United States Porsche China Germany Volkswagen Group GM Management Accountant Tim Bradshaw Savita Audi Bentley Twenty Twenty Famous Magazine Henry Ford
"volkswagen group" Discussed on AP News

AP News

02:46 min | 3 years ago

"volkswagen group" Discussed on AP News

"A union at an Audi plant in Hungary is going on strike the week long strike is happening after unsuccessful negotiations of wages and benefits with the company. The strike follows a two hour warning strike last week by around thirty percent of the workforce of thirteen thousand at the plant in western Hungary, union demands include a monthly base pay hike of eighteen percent. And at least one weekend a month, the union said wages and other regional plants of the Volkswagen group, which includes Audi Bentley post Skoda and others with twenty five to thirty nine percent higher in twenty seventeen. Hundreds of unmarked slave graves. Have been found in southern Georgia by maintenance workers in the woods near a cemetery crews cut trees and started digging up stumps near Saint James pallbearer cemetery when they found the unmarked graves the property manager said he couldn't find any documentation that there had ever been a cemetery. Gary. In those words research shows the graves hold the remains of African American slaves. Dating to the eighteen hundreds crosses donated. By a local church are now being placed at each gravesite. Chinese Internet users are speaking out on social media after losing access to Microsoft's Bing, search engine people have complained online about the ruling communist parties, increasingly tight online censorship with some accusing regulators of choking off access to information others complained. They were forced to use Chinese. Search engines they say deliver poor results being complied. With government censorship rules by excluding foreign websites that are blocked by Chinese filters from search results. President Xi Jinping's government steadily tightened control over online activity, Microsoft confirmed in a statement Bing was inaccessible in China. It said the company's trying to determine next steps. Shutdown drags on. I'm Tim Maguire. The AP news media right after the Senate new rejected a pair competing bills to reopen. The government members of both parties took to the Florida. Call for compromise. Alaska Republican Lisa Murkowski for the first time in thirty four days. You've had a bipartisan group of senators coming together in public speaking in public about a commitment to work together. White House says President Trump would consider signing a short term Bill to reopen the government and have negotiations, but only if it includes a down payment on the wall. It depends. What the agreement is. I mean. Yeah. But if they come to a reasonable agreement, I would support it. But house speaker Nancy Pelosi dismisses the down payment idea suggesting it's not serious Florida's top election official less than three weeks on the job abruptly resigns after a Tallahassee newspaper obtained pictures of secretary of state Michael Erdal in black face dressed as a Hurricane Katrina victim.

Audi Bing Hungary Microsoft Florida Saint James pallbearer cemeter President Xi Jinping Volkswagen group Tim Maguire Nancy Pelosi Lisa Murkowski Senate Gary Hurricane Katrina Michael Erdal Alaska AP
"volkswagen group" Discussed on AP News

AP News

03:20 min | 3 years ago

"volkswagen group" Discussed on AP News

"Union at an Audi plant in Hungary is going on strike the week long strike is happening off the unsuccessful negotiations over wages and benefits with the company. The strike follows a two hour warning strike last week. My around thirty percent of the workforce of thirteen thousand at the plant in western Hungary, union demands include a monthly base pay hike of eighteen percent. And at least one weekend a month, the union said wages and other regional plans of the Volkswagen group, which includes Audi Bentley post Skoda and others with twenty five to thirty nine percent higher in twenty seventeen these state of the union showdown between President Trump and house. Speaker Nancy Pelosi has come to an end for now AP Washington correspondent saga megani reports. The president's. Address has been postponed the state of the union. It's in the constitution. We're supposed to be doing it. But he won't be doing while. The government remains shut down ending a week long. Staredown? The president has conceited after Pelosi told him he would not be allowed to address a joint session of congress until the government reopens. Chinese Internet users are speaking out on social media after losing access to Microsoft's Bing, search engine people have complained online about the ruling communist parties, increasingly tight online censorship with some accusing regulators of choking off access to information others complained. They were forced to use Chinese. Search engines they say deliver poor results being complied with government censorship. Rules bakes quitting foreign websites that are blocked by Chinese filters from search results. President Xi Jinping's government steadily tightened control over online activity, Microsoft confirmed in a statement Bing was inaccessible in China. It's the company's trying to determine next steps. Shutdown drags on. I'm Tim Maguire the AP news better right after the Senator dick new rejected a pair competing bills to reopen. The government members of both parties took to the Florida. Call for compromise. Alaska Republican Lisa Murkowski for the first time in thirty four days. You've had a bipartisan group of senators coming together in public speaking in public about a commitment to work together. White House says President Trump would consider signing a short term Bill to reopen the government and have negotiations, but only if it includes a down payment on the wall. The agreement is I mean, yeah. But if they come to a reasonable agreement, I would support it. But house speaker Nancy Pelosi dismisses the down payment idea suggesting it's not serious. Florida's top election official less than three weeks on the job abruptly resigns after Tallahassee newspaper obtained pictures of secretary of state Michael Erdal in black face dressed as a Hurricane Katrina victim at a two thousand five party. I'm Tim Maguire. AP digital news back in a moment. Thank you for listening to the AP radio network. Hey, did you know that he Associated Press produces news related books? Here's what's new enough. Coming first pet presidential dogs, cats and other critters deadly force fatal confrontations with police the Hubble telescope a universe of new discovery and many more. Visit AP dot org slash books to purchase or visit Amazon Barnes and noble dot com. I books..

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The 2020 Toyota Supra Debuts Today

America's Truckin' Network

00:35 sec | 3 years ago

The 2020 Toyota Supra Debuts Today

"Car sales. That middle area of non high performance cars that's going to disappear. That's what we're already seen happen. As the automakers undergo a difficult transition themselves. The auto shows are also suffering through their own transition. This will be the last year that Detroit host the auto show in January. From Monday until January the twenty seventh and twenty twenty the show moves to the middle of summer organizers were hinting that they may change the format of the show and adds some other entertainment. I mean that kind of makes sense to me you've got Detroit in the damn middle of winter. And you can pretty much Bank on the fact that first of all is going to be mighty cold. You Secondly, you might have horrible travel conditions and road conditions. I mean, why why you'd have a big show in Detroit in the middle of winter. I don't know anyway. This year saw several automakers particularly from your Bowie out of the show. A sign that many car companies are becoming more choosy about which shows they'll attend and increasingly relying on their own events and other channels to spread the word about their products. For example, when four debuted the the Mustang in two thousand fifteen the first year they began to sell the vehicle internationally. They stage simultaneous debuts around the world. None of which was at an auto show. Tesla has attended some shows like the Los Angeles show, but they largely stage their own events. They live streaming on the internet Jaguar held a similar solitary launch event for their electric crossover. The I pace. Not all the European manufacturers have abandoned the Detroit show Volkswagen group's Audi and Porsche brands will not be Representative the Volkswagen brand itself will be there. So no Aldis no Porsche at the Detroit auto show. About eight before the our toll-free, it's eight eight eight eight six zero eighty-seven eighty-five. We'll be right back on ATM

Detroit Volkswagen Group Volkswagen Porsche Bowie Los Angeles Tesla Representative Audi
"volkswagen group" Discussed on KOMO

KOMO

03:55 min | 3 years ago

"volkswagen group" Discussed on KOMO

"It's our auto expert on KOMO news. Here's more with Nick miles. I love the idea of. But the trouble is it was never a vehicle that I wanted with these two to own a lot of people in that boat. And I think they're especially people in the low end of the market that just need to commuting their, you know, right now, it's it was the leaf, and it was kind of boring or it was maybe the Gulf the eagles, and it was kind of boring or was maybe the Kia soul Evi, which by the way. The new version will have a similar drive train as the corner, which means a much larger range. So again the Hyundai itself between in their existing. What is it called icon accord over the one that's available as three favorites? Yes. I onic Ionic. The soul and the corner will be three very viable choices from one manufacturer. So what I do wanna see though is more from the American carmakers like we're talking about career here. We haven't heard too much from Japan. We obviously have heard a lot from the Germans. But it's at the very high end, you know, Mercedes luxury SUV's TV's. Ronnie, of course, Porsche the tape Ticon, and and all the associated high speed charging networks, I think this is also very critical is somebody who commutes in my tesla very regularly between San Francisco and Portland. I couldn't I part of the reason I got the tesla because of the the only one that provided me with a charging infrastructure that I could use for that not everybody has that use case. But as you said in the same way as people want pickup, trucks, and different form factors for their vehicles. Like that are best suited for them. We also need some visa capable of long distance travel on for that when you charging infrastructure, and I think what's happening with Volkswagen group rolling out there charging infrastructure alongside Tesla's. I think is gonna make a big impact there. There is something good that I guess came out of the diesel gate scandal, which is that charge. They ironic. Right. Here's the thing that that I think is has been one of the most damaging things to cause in the last especially electric cars in the last year or so is a lot of times things have been promised. Fairy tales have been told that haven't come to light. They haven't they haven't had actually happened or they partially got their promises. These companies were coming with this. And with that we hear it all the time. And Maserati say they will have four full electric vehicles and six vehicles. I think which will be plugging of some kind we've heard this from different car companies. But we knew as of this time there is only a handful of EV still in the market, and I can tell you what they are. There's the I pace there is the tesla vehicles. There is the bolt there is the Nissan leaf. And they're the story pretty much ends. The Niro is coming that. We've seen it we've driven it. The Kohner is here. So you got like seven vehicle think we'll be there the neck. But again, you see all much of Korea. We have in that roster, especially at the more photo price points that people are looking for. And this concerns me it's like we keep hearing Audi each Ron we keep hearing, you know, about Mercedes efforts. And when the when the finally deliver is going to be twenty twenty twenty twenty one twenty two with ranges at a two hundred and forty miles. That's not going to be competitive at that high end tesla will have a five hundred mile car by then. And so I don't I don't feel like they're putting all their effort and energy into it wholeheartedly yet. I think I think what's going to happen. And we've predicted this probably the last five years or so they're all going to be a bunch of companies on just gonna make it then not gonna make it. They are absolutely going to fall and collapse. I mean, I'm honestly concerned about the American carmakers out beyond tesla. I mean, we're we're seeing home..

tesla Nick miles KOMO Hyundai Volkswagen group Mercedes Korea Audi Porsche Japan Ronnie Niro San Francisco Portland five years
"volkswagen group" Discussed on KOMO

KOMO

03:55 min | 3 years ago

"volkswagen group" Discussed on KOMO

"Our auto expert on KOMO news. Here's more with Nick miles. I love the idea of. But the trouble is there was never a vehicle that I wanted with these to own they were all a lot of people in that boat. And I think are especially people in the low end of the market that just need to commuting their, you know, right now, it's it was the leaf, and it was kind of boring or it was maybe the Gulf the eagle, and I was kind of boring or may was maybe the Kia soul Evi, which by the way, the new version will have a similar drivetrain as the corner, which means a much larger range. So again the holiday itself between. Innovia their existing. What is it called icon accord ever the one that's available as three favorites? Yes. I onic onic. The soul and the corner will be three very viable choices from one manufacturer. So what I do want to see though is, you know, more from the American carmakers like we're talking about career here. We haven't heard too much from Japan. We obviously have heard a lot from the Germans. But it's very high in, you know, Mercedes luxury SUV's vs. Of course, Porsche the Ticon and all the associated high-speed charging networks. I think this is also very critical somebody commutes in my tesla very regularly between San Francisco and Portland. I couldn't I part of the reason I got the tesla is because of the the only one that provided me with an charging infrastructure that I could use for that not everybody has that use case. But as you said in the same way as people want pickup trucks in different form factors for their vehicles. Like that are that are best suited for them. We also need some visa capable of long distance travel on for that when you charging infrastructure, and I think what's happening with Volkswagen group rolling out there charging infrastructure alongside Tesla's. I think is gonna make a big impact there. There is something good. I guess came out of the diesel gate scandal, which is that charge which. Right. Here's the thing that that I think is has been one of the most damaging things to cause in the last especially electric cars in the last year or so is a lot of times things have been promised. Fairy tales have been told that haven't come to light. They haven't they haven't had actually happened or they've partially got their promises. These companies were coming with this. And with that we hear it all the time. And Maserati say they will have four full electric vehicles and six vehicles. I think which will be plugging of some kind we've heard this from different car companies. But we knew as of this time there is only a handful of EV stone the market, and I can tell you what they are. There's the I pace there is the tesla vehicles. There is the bolt there is the Nissan leaf. And they're the story pretty much ends. The Niro is coming that we've seen it we've driven the counter is here. So you've got like seven via think we'll be there. The and but again, you see how much of Korea we have in that roster, especially at the more photo price points that people are looking for. And this concerns me it's like we keep hearing Audi each Ron we keep hearing, you know, about Mercedes is efforts. And when the when they finally deliver is going to be twenty twenty twenty twenty one twenty two with ranges at a two hundred and forty miles. That's not going to be competitive at that high end, tesla we'll have a five hundred mile car by then. And so I don't I don't feel like they're putting all their effort and energy into it wholeheartedly yet. I think I think what's going to happen. And we've predicted this probably the last five years or so they're all going to be a bunch of companies have on just gonna make it then not gonna make it. They are absolutely going to fall and collapse. I mean, I'm honestly concerned about American carmakers beyond tesla. I mean, we're we're seeing home..

tesla Nick miles KOMO Porsche SUV Volkswagen group Mercedes Japan Korea Niro Audi San Francisco Portland five years