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Justaphysicsnerd

Isn't VW having basically a Monopoly in the automotive industry ?

You must be young. No, there is still competition in Germany and elsewhere in Europe. Also VW does not own Mercedes Benz, BMW and Rolls Royce.

Full list here:

https://en.wikipedia.org/wiki/Volkswagen_Group#Subsidiaries_and_brands

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Posted · Original PosterOP

But No government is doing anything about it ! They own most of the ******** companies I know of ! Bugatti(I was surprised to know of this one in particular), Porsche, Lamborghini, Mercedes Benz, BMW, Bentley, Rolls Royce

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No? They don't even appear to have a large share of the market in EU of all places.

 

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Basically 6 companies own all the news networks, cable TV stations, movie studios, and mass outlets for media. 5 own all the car companies in the world. Then about 7 companies own all the food and beverages in the world. There is never a case where it's only 1 but I do agree the definition of a monopoly needs to be updated 


ƆԀ S₱▓Ɇ▓cs: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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1 minute ago, BuckGup said:

definition of a monopoly needs to be updated 

We already have a word. No need to change definitions. The word you are looking for is oligopoly.


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10 minutes ago, akio123008 said:

Not to mention Toyota has the biggest market share worldwide I believe.

35% more than VW actually. Both are fairly large, certainly not a monopoly. 

 

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Uh... yeah, I don't think VAG has a monopoly in anything, not even in the niche multi-million dollar car segment.


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1 hour ago, Justaphysicsnerd said:

But No government is doing anything about it ! They own most of the ******** companies I know of ! Bugatti(I was surprised to know of this one in particular), Porsche, Lamborghini, Mercedes Benz, BMW, Bentley, Rolls Royce

Where did you learn these "facts", exactly? Just something you heard on the web, or someone told you about?

 

VAG (Volkswagen Auto Group) is one of the largest car manufacturers in the world (2nd behind Toyota), but they don't own half of the things you've mentioned.

 

In Particular, Mercedes Benz is owned by Diamler Auto Group (Diamler-AG) (they used to also own Chrysler but sold them in 2007 as part of the US Bailout process).

 

BMW is entirely publicly owned so they are their "own" company, Rolls-Royce is actually owned by BMW right now.

 

If you look through the history of some of these brands, you'll see that over the decades, some of them get passed back and fourth many times between different owners.

 

VAG is not even close to a monopoly. They're a dick sometimes (certified Jetta owner), but they're really no better or worse than any of the other auto giants. They make some really good cars, and they make some stupid decisions (DieselGate). All in all, I don't regret owning a VW, but I'm also not 100% loyal to them and am willing to consider other brands for my next purchase.


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4 minutes ago, dalekphalm said:

In Particular, Mercedes Benz is owned by Diamler Auto Group (Diamler-AG) (they used to also own Chrysler but sold them in 2007 as part of the US Bailout process).

From what I remember, there was a lot of internal friction at DaimlerChrysler over, well, Daimler-Benz management and Chrysler management not agreeing with how to do things. If memory serves, they ultimately split as they just couldn't agree on much and that left Chrysler in a financial hole after their bankruptcy, least until Fiat swooped them up.


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28 minutes ago, dalekphalm said:

VAG (Volkswagen Auto Group) is one of the largest car manufacturers in the world (2nd behind Toyota), but they don't own half of the things you've mentioned.

 

In Particular, Mercedes Benz is owned by Diamler Auto Group (Diamler-AG) (they used to also own Chrysler but sold them in 2007 as part of the US Bailout process).

The "AG" doesn't stand for "Auto Group", it stands for Aktiengesellschaft (joint-stock company). But yeah, the VAG is basically only so large because they have their own car company Volkswagen, Skoda, Seat, Porsche, Bentley and Bugatti and the Audi AG with Audi and Lamborghini.

I think what it does is lead to confusion because the Volkswagen Aktiengesellschaft is usually shortened to Volkswagen/VW while they also sell their cars under the name Volkswagen/VW. People will think only Volkswagen Golf and whatever make such a large portion of the cars that are in the ranking list without knowing that under "Volkswagen" there is quite literally half a dozen of car manufacturers listed under the name Volkswagen as in VAG and not as Volkswagen cars separate. Even though, to be fair, since they are all Volkswagen-owned the majority of cars use Volkswagen technology and just put it in another suit. The Volkswagen Golf, Audi A3, Audi Q2, Audi TT, Seat Leon and Skoda Octavia are virtually the same car.

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15 minutes ago, Benji said:

The "AG" doesn't stand for "Auto Group", it stands for Aktiengesellschaft (joint-stock company).

Yeah sorry about that - German business holdings are sometimes weird to North Americans.

 


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2 minutes ago, dalekphalm said:

Yeah sorry about that - German business holdings are sometimes weird to North Americans.

 

I understand that :D Some American business terms are also not that well in German. Although they do sell themselves internationally as "Volkswagen Group", so in terms of logic it still would be right to say Auto Group just for the sake of explanation. But yeah, neither the Volkswagen AG nor the car company itself have any sort of monopoly.

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are we entering a new era in the forum where the new buzzword is Monopoly?

 

Are we finally past the dark time of the bottleneck age?

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of COURSE we're not, are you stupid?

 


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3 hours ago, Benji said:

The "AG" doesn't stand for "Auto Group", it stands for Aktiengesellschaft (joint-stock company).

Got eem!


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