How Volkswagen Lost Its Way

Europe’s largest economy is in trouble and Volkswagen is at the heart of the crisis. The German carmaker is facing existential challenges due to mismanagement, competition from China and the rise of electric vehicles. In December, about 66,000 workers across Germany abandoned their posts in the first wave of temporary walkouts. With announced job cuts and planned factory closures on the way, the pressure is on for Volkswagen to turn things around. Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://www.bloomberg.com/account/new... 00:00 - 01:00 1:00 - 2:00 - VW & Germany: A History 2:00 - 3:30 The Crisis 3:30 - 4:37 - China 4:37 - 5:40 - Cities & Workforce 5:40 - 6:33 - Employee Impact 6.33 - 9:30 - The Turnaround Plan -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptio... Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.