VW Claims Germans Only Have A 50% Chance Of Continued Domination Of The Luxury Market

VW Claims Germans Only Have A 50% Chance Of Continued Domination Of The Luxury Market
Germany's carmakers only have a 50 percent chance of remaining leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen Group CEO Herbert Diess said on Tuesday.

Some carmakers could be pushed out of business by reforms required to shift production to electric cars from vehicles running on combustion engines and by introducing the changes needed to tackle new geopolitical threats, he said.



PUGPROUDPUGPROUD - 10/16/2018 11:00:16 AM
+4 Boost
Woe is me! Its called competition for goodness sake. Competition improves the breed and provides the customer with a better product. Don't moan...get to work.


scenicbyway12scenicbyway12 - 10/16/2018 12:43:53 PM
0 Boost
How is Volkswagen a credible source on anything.


scenicbyway12scenicbyway12 - 10/16/2018 2:26:16 PM
+1 Boost
My comment is to the nature of VW honesty and how they spin.


malba2367malba2367 - 10/16/2018 1:18:37 PM
+4 Boost
Um... maybe because they control a significant portion of the German luxury auto Industry.


TheSteveTheSteve - 10/16/2018 2:05:36 PM
+1 Boost
I wonder if BMW and Mercedes share VW's opinion?

An interesting data point is that Porsche is a relatively tiny niche player in the luxury car market, so one could not argue that it "dominates". And yet, Porsche is hugely profitable, makes great "relatively attainable" luxury vehicles, and by any virtually measure (volume excepted), is a raging success. I guess you don't need to "dominate" to be in demand, and wildly successful.

Perhaps that's VW's problem: Losing demand, through loss of reputation. They used to be "King of Diesel", but because of their own self-made Dieselgate disaster, that's a thing of the past. They used to be known for noteworthy fuel economy, but that was related to Dieselgate, and is now long-gone. They used to be known as practical people-movers, but because of decades of arrogance and treating customers poorly (at least that's the North American and Australian view), and pricing themselves out of the value market, that apple has lost its shine.

The times, they are a changin'.


ricks0mericks0me - 10/16/2018 4:49:03 PM
+1 Boost
Who ever said and or claimed that the Germans dominate the luxury car market. Can you say VW Phaeton?


runninglogan1runninglogan1 - 10/16/2018 8:13:11 PM
+1 Boost
Are you kidding? The Germans dominate the luxury car market. Indisputable fact.


ricks0mericks0me - 10/16/2018 9:17:11 PM
0 Boost
No, I am not kidding as I type from my vinyl seat staring at a 3 on the tree. Where is your indisputable fact coming from.
Have you been drinking the Phaeton Kool Aid?


mini22mini22 - 10/17/2018 4:24:39 PM
+2 Boost
I think you are staring too much at that tree. For years the luxury market has been dominated by Mercedes, BMW, and Audi. After these 3 probably come Lexus. Everyone else has a fairly small percentage of market share.


ricks0mericks0me - 10/17/2018 8:55:01 PM
+1 Boost
mini22> Do you know what a 3 on the tree is?


PUGPROUDPUGPROUD - 10/18/2018 8:40:04 AM
+1 Boost
3 ON A TREE...NOW THAT'S OLD SCHOOL. WHAT'S IT ATTACHED TO?


MrEEMrEE - 10/22/2018 7:24:58 PM
+1 Boost
The Germans are facing two threats. One is Tesla and other new comers out innovating them. Second is mainstream brands offering comparable luxury that are reliable, hold value and keep customers from looking elsewhere. This includes pickups and SUVs. German premium could be the new Cadillac and Lincoln.


MDarringerMDarringer - 10/22/2018 7:58:03 PM
+1 Boost
^^Total BS and idiocy
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