CONSULTANCY: 20% Discount Code Valid Until the End of the Month: ULU20 https://superpeer.com/fuatulu/-/Yurtd... Hello friends! Today, we will talk about Volkswagen's decision to close 3 factories in Germany and its effects on the sector. Let's examine together how factors such as the electric vehicle revolution, increasing production costs, and bureaucracy have come together to strain Germany's giant automotive brand. Volkswagen: A Historical Giant Volkswagen was a brand that represented the economic power of Germany after World War II. However, the giant automotive group is paying the price for not being able to catch up with the electric vehicle revolution. Volkswagen, which has lost its competitive advantage against innovative companies such as Tesla and BYD, is endangering both its own future and Germany's economic power with these decisions that affect 700,000 employees. --- #### *Reasons Why Volkswagen Is in Difficulty* 1. *Delay in the Transition to Electric Vehicles* Tesla made a difference in the sector by acting like a software company. Volkswagen, on the other hand, could not break its old traditional structure. It remained dependent on foreign sources for battery production and had major deficiencies in software development. 2. Bureaucracy and Union Problems The complex bureaucracy in Germany slows down production processes. Unions that protect workers' rights sometimes make decision-making processes difficult. 3. Energy and Production Costs** High energy prices in Germany, the closure of nuclear power plants, and one of the highest minimum wages in Europe are increasing production costs. 4. Competition from China Affordable and high-quality Chinese vehicles have put pressure on the German automotive sector. Brands like BYD in particular are rapidly rising in the electric vehicle market. Conclusion The problems experienced by Volkswagen show the risks that large companies that cannot keep up with change may face. Today, the automotive sector requires not only car production, but also being a leader in software, battery technology, and cost management. Can Volkswagen be successful in this transformation? The future will show. However, it is clear that they are currently behind Tesla, BYD, and Chinese manufacturers. 00:00 - Introduction 02:28 - VW history 04:36 - 1st reason for the collapse 07:09 - Tesla 09:43 - Chinese BYD 11:22 - 2nd reason 13:04 - IMPORTANT WARNING 13:25 - 3rd reason 15:25 - Energy 14:58 - 4th reason 16:00 - German government's problems 17:20 - 5th reason 22:40 - What will happen next? 25:22 - My conclusions and recommendations 27:55 - Closing Nokia Image by: Image by Ahmet Dolu from Pixabay https://pixabay.com/illustrations/cel... BYD images: • BYD Day Of Design #VolkswagenCrisis #GermanEconomy #AutomotiveSector #ElectricVehicles #GermanyAgenda #Volkswagen #ChinaAutomotive #SoftwareAndAutomotive #Engineer'sEye #ElectricVehicleRevolution #VolkswagenCrisis #GermanEconomy #AutoIndustry #EVRevolution #SoftwareInCars #ChinaAutomotiveMarket #TeslaVsVolkswagen #futureofcars #AutomotiveSector #BYD #EnergyCrisis #BureaucracyProblems #ElectricRevolution #Germany