Volkswagen once controlled more car brands than any company on earth. Porsche. Audi. Lamborghini. Bentley. Bugatti. At its peak, VW sold over 10 million vehicles a year and generated revenues of $322 billion. It wasn’t just a car company; it was an industrial empire built on the promise of the “people’s car”.
Then it started falling apart. Quietly. Systematically. From the inside.
The Dieselgate scandal in 2015 exposed that VW had installed illegal software in 11 million vehicles to cheat emissions tests, the largest corporate fraud in automotive history. The company paid over $32 billion in fines and settlements. But that was only the beginning.
Today, VW’s net profit has collapsed by 44%. Its operating margin sits at 2.8%. The company has announced 50,000 job cuts. Three German plants face closure. And its most important market — China — is being taken over by BYD, Geely, and Nio.
This is not just the story of a car company in crisis. It’s the story of what happens when arrogance, short-term thinking, and institutional deception hollow out an empire from within.
#Volkswagen #BusinessDocumentary #VWCrisis #Economics #AutomotiveIndustry #Dieselgate #CarCollapse #GermanCars #CorporateScandal #BusinessCollapse #VWLayoffs #ElectricVehicles #BYD #ChinaMarket #InvestigativeFinance #LowVolumeCapital #AutoIndustry
Credit to : Low Volume Capital
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