3Yr·

VW buys back Europcar for about 2.5 billion EUR. I was honestly quite surprised, I had not expected something like this - well, how? 😅😂

Diess (CEO) originally wanted to make the whole group and structure a bit leaner too, but oh well. Now just not, at least in relation to Europcar. One wants to build a mobility platform with Europcar then, after all, the company is the leading car rental company in Europe. In important places (e.g., airports), the company is already positioned, of course. Really good in that respect. I think anyway that both car sharing and pure car rental will continue to increase. I know many people (who live in the city) who no longer want their own car. In that respect, perhaps a strategically good acquisition. 🧐

What do you think? 👍🏼

12 Comments

Johannes@Johannes_J

3Yr

In my opinion, it is a good buy for VW, as it has already been seen in recent years that car sharing is becoming more and more important in the city (see link to statistics). In addition, VW is also positioning itself well for the future, because perhaps the acquisition could also be beneficial in the operation of robotaxis. Source: https://de.statista.com/statistik/daten/studie/324695/umfrage/carsharing-fahrzeuge-in-deutschland/

•

Daniel@Bubblebuster

3Yr

Have no car in Munich, and use my bike and car sharing, because I have an aversion to public transport. Price-wise, Sixt is unbeatable, let's see if VW enters the fray here. I look forward to it!

•

Franz@franz1

3Yr

@Bubblebuster SIXT and unbeatable prices? Rentals are very expensive at Sixt.

•

Atze@Atze

3Yr

@Bubblebuster SIXT is expensive, but has good cars

•

Daniel@Bubblebuster

3Yr

@franz1 @Atze I'm only talking about car sharing :)

•

Orkan@OrkanGekko

3Yr

I think it was sold far too cheaply to VW... the price would have risen to 1-2€ in a year (when the business trips and tourism started). I'm pretty disappointed 🤮

•

ZakMcKracken@ZakMcKracken

3Yr

First and foremost, VW needs registration figures. They are buying them now. Their own leasing has never really worked. Fun fact - about 20 years ago they already owned the place. They know what they're buying

••

Kobe (.@TheDividendCollector

3Yr

This is because Daimler and BMW jointly ran a car rental project called DriveNow, which for some reason flopped & failed. In my opinion, VW perhaps wanted to do better, given that there will soon be more electric cars where nobody has to charge the car before returning it (due to the duration of charging time). Currently it has to be filled up at the expense of the renter/owner before it can be returned.

••

Show answer

Investor A.@Investor_A

3Yr

VW knows what they have to do. That makes the share more interesting for me. Veil More interesting. VW could also become the new Sixt.

••

Vuko@Vuko

3Yr

VW has a lot of work ahead of it to turn Europcar back into a service-oriented, competitive company. I am a car rental company myself and know only too well how they work. I will stay away from Europcar shares for precisely this reason.

••

Orkan@OrkanGekko

3Yr

Normally Europcar's share price should shoot up... after such an event... I find it strange 🤨

••

Spekulatius@Spekulatius

3Yr

@OrkanGekko I would be surprised if the share price rises above €0.51. On the one hand, VW will buy 51% of the company shares from the hedges for €0.51, but VW will also try to hold >70% of the shares to stop trading on the stock exchanges. So it would make no sense to buy them now for >€0.51 and then wait for the letter from VW/asset management to see if you want to sell your shares for €0.51.

•