- 00:11
Mention of three additional factories VW is considering closing.
- 00:40
Introduction of the closing factory and its ownership details.
- 01:37
Details about the factory's production capacity and closure confirmation.
- 02:51
VW's admission of declining ICE vehicle sales in China.
- 05:30
VW's EV sales performance and market challenges.
- 07:37
Skepticism about VW's reported order numbers and potential SEC investigation.
VW Closes Huge Gas Car Factory in China - Admits No-one wants ICE Cars
Summary
The video discusses the closure of a major Volkswagen (VW) gas car factory in China, attributed to plummeting demand for internal combustion engine (ICE) vehicles. The host elaborates on the factory's operational history, the financial implications for VW, and the broader impact of the shift towards electric vehicles (EVs) in the automotive industry.
informativeoverly long
