The Peter Zeihan Podcast Series The German Failure & Volkswagen || Peter Zeihan
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Dec 12, 2024 Germany's automotive industry is facing serious challenges, with Volkswagen as the focal point of scrutiny. Strikes and dwindling demand, exacerbated by fierce competition from Chinese manufacturers, threaten its future. Meanwhile, a looming workforce shortage due to retirements raises questions about the sustainability of the sector. This opens doors for skilled Germans to migrate to the U.S., potentially alleviating American labor shortages if migration policies are adjusted.
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German Auto Industry Decline
- The German auto industry, including Volkswagen, is declining due to several factors.
- These include rising energy costs, competition from China, and technological shifts.
Chinese Competition
- German manufacturers, after investing heavily in China, now face competition from Chinese companies.
- Chinese-made cars are more affordable, capturing the lower end of the market.
EV Investment Issues
- European investment in electric vehicles hasn't yielded expected results, with consumer preferences shifting and EVs not always environmentally beneficial.
- This has significantly impacted Volkswagen.