[opinion] - hmmm…VW/Audi/Porsche may be in trouble…

[69Mach390]

Thinking more people looking to change cars might now start looking at EVs with all the recent oil price volatility and uncertainty.
I know I would be, if I didn't have one already.

Life is certainly less stressful being an EV owner at present.

If it does pan out that way, where will that leave Porsche??
.....wishing they had stuck with the original plan of going all EV except the 911!


Pivot again..... and back to square one!

Maybe in Europe, but in the US gas is still extremely cheap.

We were paying over $4/gallon in 2008. Now 18 years later it’s under $3/gallon still.

The number of EV models out there is still way more than the demand for EVs.

And the bigger issue for manufacturers is that no matter how many more they sell, most aren’t even close to profitable.

If companies want profits, gas cars are still where to make money.

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[SoccerMan94043]

Maybe in Europe, but in the US gas is still extremely cheap.

We were paying over $4/gallon in 2008. Now 18 years later it’s under $3/gallon still.

The number of EV models out there is still way more than the demand for EVs.

And the bigger issue for manufacturers is that no matter how many more they sell, most aren’t even close to profitable.

If companies want profits, gas cars are still where to make money.

My wife just paid $6.00/gallon... granted we're California and have the most expensive prices (mostly due to additives meant to help the environment and taxes). Average price of gas in the US is about $3.60 right now, up $0.65 since the start of the war with Iran (+18%).

As usual, California is leading, this time with price increases. It's coming for you too.

 

[Bennachie]

Short gallon mind you......

 

[69Mach390]

My wife just paid $6.00/gallon... granted we're California and have the most expensive prices (mostly due to additives meant to help the environment and taxes). Average price of gas in the US is about $3.60 right now, up $0.65 since the start of the war with Iran (+18%).

As usual, California is leading, this time with price increases. It's coming for you too.

The price increased here, but it’s still cheap.

$6 is still cheap. Just with inflation from 2008 to today you should be closer to $10/gallon.

With how much money is out in the economy, it’s not going to be enough to influence behavior.

In 2008 when people were broke? Yeah they gladly took the “cash for clunkers” and bought more efficient vehicles because $4/gallon made a difference.

Today you can easily spend $100 on lunch…. And the restaurants are full.

People complain about inflation but today still write the checks and pay the bills.

 

[SoccerMan94043]

The price increased here, but it’s still cheap.

$6 is still cheap. Just with inflation from 2008 to today you should be closer to $10/gallon.

With how much money is out in the economy, it’s not going to be enough to influence behavior.

In 2008 when people were broke? Yeah they gladly took the “cash for clunkers” and bought more efficient vehicles because $4/gallon made a difference.

Today you can easily spend $100 on lunch…. And the restaurants are full.

People complain about inflation but today still write the checks and pay the bills.

From what I can tell the divide between the haves and the have-nots is massive and the haves behave like you are saying. The have-nots however...

 

[69Mach390]

From what I can tell the divide between the haves and the have-nots is massive and the haves behave like you are saying. The have-nots however...

Yes, but the have-nots can’t afford a new EV.

If you want to explain the US economy since COVID in one chart, just google “US Household Checkable Deposits.”

It’s a chart of how much cash Americans have in the bank. From 2019 to 2021 it QUADRUPLED and has stayed there since.

https://fred.stlouisfed.org/series/BOGZ1FL193020005Q
There is an obscene amount of cash in the economy. It’ll either get spent or invested eventually.

 

[Tooney]

Porsche Expected To Ride EV Turbulence And Forge A Profitable Future

 

[Sar]

Porsche Expected To Ride EV Turbulence And Forge A Profitable Future

I was very excited to read this, especially after the first paragraph. "Riding EV turbulence" in my mind would imply continuing forging a path forward, not dropping out or staying stagnant. Yet the article didn't state any meat to that claim.

The first paragraph also said analysts expect the company to be "greener" moving forward, yet the article did not substantiate that.

Did i miss any fun lines relating to those two topics?

 

[tigerbalm]

Bentley cuts jobs as profits slide and EV plans scaled back

https://www.ft.com/content/359ff74f-f806-4bbf-873c-0a0c1277d8dd

 

[D00notD00d]

Positive

 

[snstevens]

Best wishes to the Scout team. I like it when organizations try to do things differently.

I also liked the last line of the article -- “Americans said, ‘yeah, I’m not into the whole spaceship thing. I’m just like, dude, where’s my truck?’,” Keogh said. “Dude, here is your truck.”

Now if Porsche would also release a 718 EV, I'd be a happy guy

 

[Mr.Smith]

Positive

Scout and Rivian both survive if VW absorbs Rivian.

 

[snstevens]

Just ran into a guy with a Rivian (actually, my granddaughter hit his car with my door, introducing us in an unexpected manner).

During my discussion of how I will pay for the repair, I find out he has 7 (yes 7!) cars and loves them all, but his favorite is the Rivian.

 

[chun]

Scout and Rivian both survive if VW absorbs Rivian.

I would argue otherwise. In recent years i've yet to see something touched by VW that didn't turn into shit or took a turn for worse

 

[Mr.Smith]

I would argue otherwise. In recent years i've yet to see something touched by VW that didn't turn into shit or took a turn for worse

I can't argue that, but they know how extract money from the customer.
Look at Lamborghini and Bentley? Printing money with reskinned Audis and Panameras

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