VW says 4% of its vehicles through 2025 will be EVs- it should get its lies straight

Wasn't long ago VW was lying about intent to spend 300 billion or so to compete with Tesla in the coming years. Now it plans to spend 1/6th of that. Tesla isn't slowing down. Even if VW doesn't lose share or manages to stay the same it will sell 77 million vehicles over the next 7 years but this utter piece of sht firm as a pure petrol front says it will sell a mere 3 million EVs in that period or 4%. This is the fail convincingly BS just like they tried to convince the German public their Diesel was cleaner.

http://www.theedgemarkets.com/article/vw-just-gave-tesla-us25-billion-battery-shock

Does VW think something changed because the party of W. Bush told it petrol wasn't going away and pulled out of Paris like W. with Kyoto? The W. admin sank the global economy with its petrarchy BS and it ended in defeat and humiliation, leading to the birth of Tesla- Obama was very clear that petrol is what sunk the global economy because it isn't economically viable. And if VW is paying attention the sinking T admin just fired Tilerson.

VW needs liquidation. I'd at least love to see it ejected from the US market. Can't see me buying a VW every or being very approving anyone else I know purchasing one. Two companies the world would be better off without VW and GM.

 

But you'd have to be an absolute fool to go the other way. German clearly should have incarcerated more VW executives. So no plans don't change. Its like saying plans to break into someone's home changed and they are going to go ahead with the burglary because they just changed their mind about it. Oh we just decided to be criminals... moronic logic if there ever was such a thing.

 

No it was a much higher number like 300 billion and it was reasonable because that is what it will take to retool VW to a 100% EV future. But then again it assume that it can compete successfully against a shrinking pie which autonomy will bring even with China and the developing world coming on line. VW brings in 220 billion a year so saying it will spend 19% of its revenue base over 7 years or so isn't that radical. That is reasonable capex given the challenge it will face. And would it even amount to double what they have to spend anyway? What is not reasonable is their new arrogant, unjustified and incredibly stupid stance. Germans themselves should boycott VW. They appear to be run like a true profit for parasites firm. Autos are still a substantial part of the carbon load- what did Germany pull out of the Paris accord. So stupid. This roll back is 1000x worse than diesel gate. Again hopefully the EU or the German government can find a way to convert this into more prosecution. VW is another fail convincingly firm. Probably worse than GM if it weren't for GM putting lead in the gas. Belongs up there with AG Farben.

 

Yeah and they supposedly as a group bring in 280 billion a year. So its about 1 year's revenue over 7 years they'd have to spend to save themselves. Kind of like making a 100K a year and then buying a 100K home, but they can't even do that to save themselves because they are utterly pathetic.

I don't follow VW but your mag follows this stuff. I don't make stuff up. It came from the very top of VW (over the summer I think) and it was in in response to competing with Tesla.

Here is a pretty stupid article that tries to blather about VW's profit (https://www.forbes.com/sites/panosmourdoukoutas/2018/03/14/volkswagen-is-taking-on-tesla/#309a762497d9) in the just the same way as the tripe about GMs fake profit. But allow me to point something out VW's claimed profit is at about the zero rate- so is it actually profit? I'd argue just as with GM that its not. Its probably so low so as to not attract attention to its actual welfare transfer payment nature. Funny that VW's market value relative to revenue is so low- could it be lower than book value??? Oh damn it is LOL hilarious .79 price to book value. VW is worth less than the sum of its parts. That is what the market thinks of this petrol relic. Wisdom of the market!

Lets rewind a little bit and think about GM's bankruptcy. The one it tried to blame on the UAW- complete fiction given what even firms like BMW were able to do relative to GM. But lets remember some key stats to fill in how pathetic GM actually was and is.

So the Wall falls. But across the 90s while CAFE stays flat and the US population goes up 13% petrol retail stations decrease by 16% because even the Iraq war 1 petrol bailout wasn't enough to save that pos industry- remember its purpose is to create artificial scarcity to prop up obsolete capital while hollowing out the public sector (Powell memo type crap- the new plantation economy for the post capital world)
Fast forward to the 2000s. Hillary is working for Cheney trying to ***** the natural gas scam. Like your drinking water on fire? Bridge fuel- the lies never end. So in trying to rescue pathetic petrol which has more and more catastrophic crashes on cue (remember its designed to hollow things out with is ultra low 13% economic efficiency) they do the Enron scam, the 911 scam, the Iraq 2 scam the Afghanistan scam- each one a pathetic petrol bail out and then finally blind stupid petrol debt in the form of derivatives (has to be blind by law because its so stupid a risk) collapses the global economy on cue. So despite bailout after bailout under W., what happens in the most petrol focused environment ever to GM? Well punch line, it went bankrupt but it is nothing but a bs petrol welfare transfer payment scam run by people who make products designed to fail convincingly on cue and who say ironically that an auto is an inefficient use of capital.

So ask yourself the acid test question. How profitable was GM supposedly right before it went bankrupt.

Here is a little hint:

G.M. Profit Down 90% From 2006 - The New York Times
www.nytimes.com/2007/05/04/business/04auto-web.html
May 4, 2007 - DETROIT, May 3 — The General Motors Corporation reported a 90 percent decline in first-quarter profit today as losses at its finance arm overshadowed the gains from restructuring its automotive operations. G.M., which fell behind the Toyota Motor Corporation in the first quarter to become the world's ...

hmm what was happening to GM in the middle of the most petrol favorable environment ever? Well its a petrol front so it failed and tellingly started failing right before the actual crash. Hmm is little curious isn't. Well they push their fail to the edges of their fakery. They could have let Exxon fail too. But that would be too embarrassing for the scam. If you consider the actual amount of subsides Exxon gets it has never been much more solvent then Enron but Enron got caught up in trying to blackmail a US state and it back fired. Not surprised at all if the new 500 extra billion dollars a year going to the defense department isn't just being handed over to petrol to prop of Exxon etc cause "the (so called) energy industry is in shambles," Its part of the parasite economy, keeps us away from true surplus and greater liberty, a lead weight around people's lives.