Comments by "Straight2Dpoint" (@4evertrue830) on "The Electric Viking" channel.

The German govt should be blamed for this as well. Why give $billions financially to VW over decades and not own a considerable large equity stake in the company as leverage in case of situations like this happening? All that money has gone into the pockets of rich, wealthy shareholders and not for R&D, to solve over production of its vehicles and opening new markets especially in developing economies. For example, most countries in africa don't have a VW plant but people drive a lot of VW cars.
4
@wisenber I hope you're referring to loans taken from the german govt and paid back. However, if its in the form of taxes, it doesn't count.
2
 @jogana6909 Unfortunately that's not how it works in any car company. 😕
2
@micumatrix If it is europe yes but in other countries outside europe, no. Their cars suck in many african countries when it comes to maintenance. Hyundai/kia have refused over the years to invest heavily in vehicle maintenance services in african countries where they sell their cars, like they have done in the west. Most mechanics are really good in repairing mostly japanese model cars rather than fixing up Hyundai/kia cars. 😒
2
@SuzyMoore-ob3pp I love the look of the recent Golf 5, but i must admit i know little about the car's engine performance and its maintenance.
1
@whowhy9023 There is one thing i know about govt equity stake in a private company over the years. It draws confidence into that company over time and helps it maintain it's value as well.
1
@wisenber Like i pointed out, taxes don't count because it is mandatory for everyone to pay his/her taxes. It does not matter where you work and it does not matter how low or, high earning your income is. It is therefore important to separate the two factors. Loans are loans, taxes are taxes, elementary high school economics.
1
@shivampatel6847 Compared to Peugeot/Citroën i believe VW has done much better than those 2, over the past 2 decades.
1
@wisenber What economics says that ALL businesses, be they public/state owned or, privately owned should always be profitable? Is it wrong for certain businesses especially crucial important ones, to break even from time to time? As long as they are needed to provide very important services or, products to the general public they don't need to be profitable always. I will rather a company provide jobs to the teaming population of the unemployed, to earn an income and solve homelessness, hunger, healthcare etc, than focus on profitability at all times just because their selfish shareholders want it.
1
@wisenber Tell me you studied kangaroo economics without telling me you studied kangaroo economics, dude. Obviously you did. Shame on you, if you don't know that taxes and loans mean completely different things in economics and our daily lives, as well as in business. They are not the same thing. If you borrowed thousands of euros/dollars from a bank, does that mean you wouldn't pay it back just because you pay your taxes? And what economic book did you read that says, all businesses that are not profitable are insolvent and should be closed down. How did Nokia bounce back from insolvency, how did the Phillips corporation bounce back from insolvency? What about Jaguar motors and the western banks of the 2008/2009 financial mortgage crises, how did they bounce back? If those banks were seen as too big to fail, why can't the German govt take over VW a gigantic motor corporation and "nurse it back to health" saving hundreds of thousands of jobs in the process as well as its branches worldwide? Why shut it down because of its none profitability for the moment? Will it not bounce back even stronger in the future? Or would you rather the German govt, take that money and place it in the military for more wars? How profitable will that be for Germany? 😠
1
Why is it so difficult for the US govt to see an opportunity to make money when a good opportunity comes up before them. If the chinese Ev cars are fitted with spying devices, with evidence of this existing in those cars, then make money by imposing heavy fines on the companies for every car imported into the US. Also if the cars are too cheap and could negatively affect american Ev cars sold in america, why not increase tariffs and earn money from each car imported? Is that so difficult to do?
1
I agree Hyundai has always had a bad reputation with their vehicles. As much as i love the appearance and looks of Hyundai's cars i have always hated their poor quality standard and i guess that is why they can't think outside the box to keep production going in all 3 of their vehicle manufacturing factories in china. The solution is simple. Open up new markets in countries that still rely and believe in combustion engine vehicles and ship them there. Many of these countries are in Latin america and Africa, a good market for Hyundai cars. They can also subdivide all 3 factories to produce both combustion engine vehicles and EVs, 50/50. The EVs should do well in the chinese market. I don't see anything wrong in that. 😕
1
Hydrogen fuel can be made safer than it is now, if it is combined with another gas to give it some kind of stability, since hydrogen is highly inflammable. So, as long as pure hydrogen is not used as fuel it can make transportation safe and less polluting. 🤔
1
This is why China economic policies and system is different from the west. China will not allow a company that employs over 120,000 workers to go down like that. It would have been nationalised to save those jobs, pending when a new buyer is found.
1
@royh6526 Robots have limitations as well you know. Toyota company of Japan found that out some years ago in the past.
1
@grahamf695 I doubt if the chinese govt has anything to do with their vehicles not selling a lot in china. Hyundai/kia has a reputation of selling good, well built cars in certain countries like the US and UK, but poorly made ones in others like many countries in africa for example where govt agencies that should enforce quality standards are lacking. All asian car making countries do this to african countries. Hyundai/SK is not an exception. 😢
1
yuding7813 If the chinese car battery makers are reading your comment, they will consider that has a wonderful opportunity for them to come over to your country. They will remove the Korean battery and replace it with chinese ones after reverse engineering the battery charging system in the car. 😂😂😂😊
1
yuding7813 No, that is not what i mean when i brought up reverse engineering. I am sorry you misunderstood me. I meant removing the existing electrical charging components in the Hyundai cars and replacing them with the cheaper chinese ones that works with chinese EV batteries. That way Hyundai/Kia car owners will be able to keep their EV cars on the road much longer. 😀 👍
1