Earlier quoted context omitted.
Healthy numbers. If people aren’t buying VW vehicles because the prices are higher than Hyundai due to the energy situation, that’s not good. Germany is deindustrializing as we speak (chemicals, auto and auto related, etc). Once you deindustrialize past a certain threshold, it’s very difficult to come back.
VW just claimed the top spot from Tesla for electric car sales in Germany: https://www.dw.com/en/vw-electric-cars-tesla-germany/a-66468... https://insideevs.com/news/681020/volkswagen-outsells-tesla-... Hyundai is currently at sixth place behind VW, Tesla, MB, BMW and Audi: https://insideevs.com/news/677504/germany-allelectric-car-sa... In 2022 Tesla was at the top, VW second and Hyundai third, so Hyunday actually se…
Regarding deindustrialization:
- https://www.economist.com/business/2022/09/11/germany-faces-...
- https://www.lemonde.fr/en/economy/article/2023/01/06/transit...
- https://www.politico.eu/article/germany-industry-europe-ener...
- https://www.politico.eu/article/rust-belt-on-the-rhine-the-d...
- https://unherd.com/thepost/recession-in-germany-is-a-sign-of...