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Even with the price hikes, Volkswagen is having to close down factories, do mass layoffs, and apply pay cuts to keep factories running. American exports getting

Even with the price hikes, Volkswagen is having to close down factories, do mass layoffs, and apply pay cuts to keep factories running. American exports getting hit by trade wars also don't exactly help, while at the same time cheaper Chinese cars are taking over more and more of their local market. Volkswagen may not go bankrupt tomorrow, but it's hardly in a position to bring back pre-COVID prices. They were late to the electric car game which also didn't help with their market power.

pshirshov 1y ago
> while at the same time cheaper Chinese cars are taking over more and more of their local market. I'm wondering why can that be? Probably, because Chinese cars are cheaper? I'm curious what can motivate me to pay ~€60K for an European car instead of paying ~€30K for the same set of features? Chinese software is crap, but at least the power steering didn't stop working during the test drive, unlike my experience with VW.
- dvfjsdhgfv 1y ago
  > ~€60K for an European car instead of paying ~€30K for the same set of features? Fear and uncertainty mostly. We don't know how these cars will be in 5-10 years. Maybe they have some hidden faults that will come up en masse after certain time? And what about spare parts? These are the questions many buyers ask themselves. And after some thinking, no matter how you look at it, the 60k option is not beating the 30k one.