Inside Volkswagen: EV bets and macro pressures pay a heavy toll

seekingalpha09-09

The rubber is hitting the road for Volkswagen (OTCPK:VLKAF) (OTC:VLKPF) (OTCPK:VWAGY) (OTCPK:VWAPY) as the German auto giant faces increased pressure to explain to workers why it is prioritizing a €5 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466719660?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1455553828/image_1455553828.jpg","is_english":true,"pubTime":"2024-09-09 21:01","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2466719660","market":"hk","top_or_hot":-1,"title":"Inside Volkswagen: EV bets and macro pressures pay a heavy toll","media":"seekingalpha","content":"<div>\n<p>The rubber is hitting the road for Volkswagen (OTCPK:VLKAF) (OTC:VLKPF) (OTCPK:VWAGY) (OTCPK:VWAPY) as the German auto giant faces increased pressure to explain to workers why it is prioritizing a €5 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4147988-inside-volkswagen-ev-bets-and-macro-pressures-pay-a-heavy-toll\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inside Volkswagen: EV bets and macro pressures pay a heavy toll</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInside Volkswagen: EV bets and macro pressures pay a heavy toll\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-09 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4147988-inside-volkswagen-ev-bets-and-macro-pressures-pay-a-heavy-toll><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The rubber is hitting the road for Volkswagen (OTCPK:VLKAF) (OTC:VLKPF) (OTCPK:VWAGY) (OTCPK:VWAPY) as the German auto giant faces increased pressure to explain to workers why it is prioritizing a €5 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4147988-inside-volkswagen-ev-bets-and-macro-pressures-pay-a-heavy-toll\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1435385759.SGD","symbol_name":"Natixis Loomis Sayles US Growth Equity RA SGD-H","start_time":0,"source_url":"https://seekingalpha.com/news/4147988-inside-volkswagen-ev-bets-and-macro-pressures-pay-a-heavy-toll","article_id":"2466719660","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1455553828/image_1455553828.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466719660","pubTimestamp":1725886861,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Based purely on share price performance, it is clear that Ferrari , General Motors , Toyota , and Honda Motor  have lapped Volkswagen  over the last 52 weeks. Interestingly, the only au","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","NIO":"蔚来","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","RIVN":"Rivian Automotive, Inc.","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4516":"特朗普概念","MBGAF":"Mercedes Benz Group AG","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","09866":"蔚来-SW","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","TM":"丰田汽车","LI":"理想汽车","GM":"通用汽车","VWAGY":"大众汽车ADR","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","VWAPY":"Volkswagen AG","RACE":"法拉利","TSLA":"特斯拉","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","NIO.SI":"蔚来","BK4559":"巴菲特持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","HMC":"本田汽车","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","BK4550":"红杉资本持仓","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","03160":"华夏日股对冲","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4551":"寇图资本持仓","XPEV":"小鹏汽车","BK4099":"汽车制造商","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BYDDF":"BYD Co., Ltd.","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4511":"特斯拉概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","VLKAF":"Volkswagen AG","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BMWYY":"宝马汽车"},"translate_title":"大众汽车内部：电动汽车押注和宏观压力造成沉重代价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWAPY":1,"VWAGY":1,"VLKAF":1,"HMC":1,"TM":1,"RACE":1,"GM":1,"MBGAF":1,"BMWYY":1,"BYDDF":1,"RIVN":0.9,"XPEV":0.7,"LI":0.7,"NIO":0.7,"NIO.SI":0.6,"TSLA":0.6,"EVS.SI":0.6,"09866":0.6,"03160":0.6},"content_text":"The rubber is hitting the road for Volkswagen (OTCPK:VLKAF) (OTC:VLKPF) (OTCPK:VWAGY) (OTCPK:VWAPY) as the German auto giant faces increased pressure to explain to workers why it is prioritizing a €5 billion partnership with electric vehicle maker Rivian Automotive (RIVN) over protecting European market share and German jobs. In a bombshell revelation, Volkswagen (OTCPK:VLKAF) Chief Executive Oliver Blume said the group was considering closing a large vehicle plant and a component factory, due largely to competition from Chinese rivals. \"The European automotive industry is in a very demanding and serious situation. The economic environment has become even tougher, and new competitors are entering the European market,\" he warned. Volkswagen (OTCPK:VLKAF) workers at the Wolfsburg headquarters were told that the auto giant expects to sell 500,000 fewer vehicles than before the Covid pandemic, which is the equivalent of around two plants (or about three months of Tesla (TSLA) deliveries). In Germany, the powerful union IG Metall union did not rule out strikes and said it saw no reason to reduce wage demands in planned pay negotiations. \"Management has broken a taboo in a major way, and workers are prepared to be there when we call on them,\" warned a spokesperson. Looking at the reasons for the crumbling Volkswagen (OTCPK:VLKAF) power, Rhodium Group analyst Noah Barkin noted that Germany's economic success in the first two decades of the 21st century was built on cheap energy from Russia, an open global trading system and highly competitive industrial products. \"In the span of a few years, the first pillar has collapsed, and the other two are showing deep cracks,\" he warned. Seeking Alpha analyst Luca Socci noted that the Volkswagen (OTCPK:VLKAF) threat is so \"perceivedly real\" that countries such as Italy relying on Germany's automotive industry for their component exports are now looking elsewhere to find alternatives in places like Mexico or Vietnam. Crucially, Volkswagen (OTCPK:VLKAF) is also losing market share in China, despite the heavy investments in the market. Generally, foreign automakers' market share in China has slipped recently. The trend is even more pronounced in the electric vehicle sector, where German automakers Volkswagen (OTCPK:VLKAF), BMW (OTCPK:BMWYY), and Mercedes-Benz (OTCPK:MBGAF) have poured in billions. Recent deliveries growth by ZEEKR Intelligent (ZK), BYD Company (OTCPK:BYDDF), Li Auto (LI), NIO (NIO), and XPeng (XPEV) in their home market has sparkled again, while the Chinese EV makers have also stood up to the regulatory challenges imposed by the U.S., the European Union, and Canada in planning for international expansion. If Volkswagen (OTCPK:VLKAF) is losing the auto race, which automakers are winning? Based purely on share price performance, it is clear that Ferrari (RACE), General Motors (GM), Toyota (TM), and Honda Motor (HMC) have lapped Volkswagen (OTCPK:VLKAF) over the last 52 weeks. Interestingly, the only auto stock that has a consensus Buy rating with Seeking Alpha analysts and Wall Street analysts, as well as a Seeking Alpha Quant Rating of Buy, is General Motors (GM). That is despite GM's (GM) share price already being up 34% on a year-to-date basis.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466719660"}