Herbie Fully Unloaded: VW Exec on Why the Iconic Beetle Was Cut From Production

A Volkswagen executive breaks down why the company is starting production of a new VW Bus, cutting production of the Beetle and what he expects from the car company going into 2019.
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Bye bye Beetle.

Volkswagen (VLKAF) announced the end of the VW Bug earlier this year.

Volkswagen is Real Money's stock of the day on Wednesday, Dec. 5, 2018. 

The final iteration of the iconic car appeared at the Los Angeles Auto Show, which kicks off this week.

Derrick Hatami, executive vice president of sales and marketing for Volkswagen discussed what plans Volkswagen has for 2019 and beyond.

The Final Beetle

The LA Auto Show is hosting the final VW Beetle.

Hatami explained to TheStreet that customers are leaning away from coups and smaller cars and leaning more towards electric vehicles and SUV's.

Resurgence of the VW Bus

While we have to say goodbye to the Beetle, we do get to say hello to the VW Bus.

The car company showed off the iconic car, which is reborn as a fully electric vehicle. 

Hatami told TheStreet about VW's plans for the car and why the company decided to remake it.

Will We Still Own Cars?

Dara Khosrowshahi, the CEO of Uber, told CNN earlier this week that he believes that no one will own cars in 10 years. 

Hatami said that he disagrees, and explains why.