I think with the advent of cheap Chinese electric cars (new BYD for 7-9k€ in China) VW will die a slow death, slowed down by tariffs, tax-paid stimulation programs and bailouts from Germany. They can't compete on price or quality.

I hate that tax money is wasted for this garbage company. Germany and the ECB has been financing VW group by buying their bonds. VW group has hundreds of billions of debt. German Central Bank president recently said (translated): "[It is] currently in the midst of a restructuring process. However, I also see opportunities — for instance, in the defense industry."

Profit margin Volkswagen: 2.21% Profit Margin Toyota: 7.59%

When I compared ICE compact cars some years ago, the Audi A1 (Volkswagen Group) was the only German contender with respect to quality, repair costs, failure statistics, etc. But it lost out to a Toyota, because the Audi was more expensive.

Michael Burry's march BYD analysis was interesting. It said this (and much more): "BYD is potentially the lowest-cost producer of vehicles in the world thanks to its vertically integrated model at scale. BYD controls its supply chains and saves margin at every step. It makes its chips, batteries, bodies, motors, etc. [...] Factories are being built in Thailand, Brazil, Hungary, and Turkey. Europe put a 17% tariff on BYD cars [...]. Once local production is in gear, the tariff will disappear - a major future competitive advantage in Europe given BYD’s low cost advantage. [...] massive overseas spend [...] BYD has ~29% more revenue than Tesla and ~1/12th the market cap."