The Dire State Of Volkswagen...What Happened?

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Volkswagen is one of the most iconic car brands in the entire world owning brands like Audi, Porsche, Lamborghini, Bentley, and even Bugatti at one point. This made them the largest car maker in the world at several points, but more recently, Volkswagen has lost their way. First of all, they had that massive emission scandal that destroyed consumer trust and brand credibility. Even putting that aside though, Volkswagen has had a very difficult time transitioning to electric vehicles. Their former CEO, Herbert Diess was a massive fan of Tesla and tried to push Volkswagen to embark on an allout push to switch to electric. Not all of Volkswagen’s board members were enthusiastic about this plan, but they agreed to it anyway, and unfortunately, it’s not playing out so great. This video explains the various reasons Volkswagen is struggling with their pivot to EVs and the future of Volkswagen.

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Timestamps:
0:00The State Of Volkswagen
2:12Internal Strife
6:22Botching EVs
10:35An Uncertain Future

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Krisztian Bocsi | Bloomberg

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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