1Sem.·

And it's gone...


Once the cost price is pushed down a little, hopefully not a mistake, but €88 is already very cheap.

10.09
18
8 Commentaires

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I wouldn't invest a cent in the German automotive industry at the moment. It's a bottomless pit for me. But I wish you good luck anyway!
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I am also considering a swing trade, just before the Covid low would be attractive for the global No.2
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If I want a cheap car, VW is far too expensive and if I want an expensive car, VW is...well, just VW.
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That's good, I buy even when everyone else says it won't work. It's going to be a tough few years. Dividends will certainly be cut, but they'll recover.
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VW must and will have to consolidate. They have rested on their laurels for decades and now the bill is coming. At the end of the day, there are various arguments as to why VW will not disappear:

1) To big to fail --> In an emergency, daddy-state will help
2) The brands under VW are doing quite well and are very profitable.
3) The stake in Porsche & Co alone is worth a lot!

Let's see.
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I buy hyundai. ... at least things are going up there 🚀
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