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Wonder if this will impact the development of the new Ducati 450?
If so, didn't anyone see this economy becoming stagnant? It could not stay at Covid levels long before it flamed out. That's just college economics 101.......
I for one don't understand the world economics of these European countries that produce motorized goods, as the all seem to have some financial hardship. Of course, the EV push that isn't selling has hurt them all very badly.....
It makes Suzuki seem somewhat intelligent with their philosophy on mx bikes to be honest. At least in this world economy.
I don't see how. Worst case the sell them off.
And now German economy screwed
Can't all be gas related, weird because I see vw's and audi's everywhere.
If people haven't realized yet, we are in a recession.
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The German auto makers also got hit with huge fees over tricking the EPA tests which has been hampering profits. It can't be too bad for VW, they just bought a F1 team.
Remember the deisel emmisions problem that VW had about 9 yrs. ago? They survived that.
Ducati needs to be purchased by an enthusiast PE group along with GasGas.
My god ! VW’s most recent fiscal revelations have been widely and comprehensively reported on .
Why don’t you guys spend 5 minutes on Google researching instead of gurgling absolute clueless shite on here .
VW is dumping 5.8 billion into Rivian to get there EV technology. Not sure where all this money comes from.
That Deisel engine was the best thing VW had.
Sir, this is a Wendy's
They're also selling off a stake in it to Qatar.
Saw an F1 show today that mentioned Audi (parent company is VW) is already looking to sell a partial stake in their new F1 team which doesn't even officially commence until 2026.
Do they exist?
The changing environmental policies of the EEC are taking their toll on European car manufacturers, not just VW...
Google German bankruptcy rates since the war in Ukraine began.
I am unsure. But I would love to start one at some juncture.
Pit Row
The charge to Net Zero will kill everything in its path.
It’s been a weird ride. I agree with you that we’re in it, and usually a recession is a great time to “buy the dip”. But the stock market, crypto, and resell-housing market are still bullish (housing due to a perpetual lack of inventory). Seems like anyone with money in the bank is just holding, which haults the economy and absolutely terrifies me for what’s on the horizon. I think it’s inevitable that we’re about to endure “The Great Covid Reset”… either that or the Fed lowers rates and we set sail into hyperinflation.
Euribor just dropped below 2,5%, things will get a lot better in the EU soon.
The bottom line is energy. Energy costs have skyrocketed along with interest rates laying waste to everything in its path along with inflation at least here in America. With some luck we might see some easing and recovery in the next couple of years, but it will take some time for the tide to go back out.
I agree with this, and at 62 YO I am placing my $$$ in defensive positions in core industrial, healthcare, utilities, and certain REITs. It's been a great ride up and I need to make sure I protect my ass(ets) for what's coming, as I plan to retire in the next 2 years. I really fear for my kids as it's about to get tough, and unless you were an adult in the late 70s/early 80s you haven't seen it truly bad, yet.
I doubt that. EU has painted itself in the corner with strict environmental laws which has caused a lot of industry to transfer their production to China and India. EU's Green Deal seems to be sucking more money than producing it and war in Ukraine makes things even worse
Keep an eye on oil futures, if they drop, airlines shares will start going up.
Airline shares are on the way up, Ours are up from 68p, for over £5 and are projected to be double that, although i have no idea why, i used to fly 10 times a year and havent been on one since lockdown, yet hours flown are up to pre pandemic levels .
All of the european car manufacturers, are in the Net Zero death spiral, VAG , which is Audi VW and Porsche are in in 3 fold. Ford are on the hook for a $35k loss on every EV they sell in Europe,and they cant sell more ICE to make up the gap, because that pushes the EV target up.
We are 2 years away from the whole of the world being Cuba as far as cars are concerned.
Jaguar announced last week they are not selling any cars in 2025, to prepare to launch their new 2026 EV feet.
They are one of the biggest employers in my city, and when they go (and they will) it will bring everything down with it.
But at least the planet will be 'saved'
Cunts , all of them.
Exactly! Car dealerships are full of new EV's that nobody is buying and used ICE low mileage car prices have gone through the roof...
Germany has also greated huge energy problem for themselves by shutting dow their nuclear plants and they have been relying on cheap Russian gas which isn't available anymore. They are trying replace the gas with wind and solar energy but it creates huge spikes on energy prices when it's cloudy and calm weather...
I've been doing some reading. Those leaders in the EU are committing economic suicide. Those ice engine corporations cannot survive if they don't get an energy base established
If I was reading a novel, not following the leadersin real time in the EU countries, I would summarize that in the plot of the book, those leaders and governments were trying to destabilize the countries without any energy and do what? Have a war to limit the population?
It really doesn't make sense. It goes against everything that has been taught for the last 85 years.
Fuel is the largest cost for airlines, their share price is closely tied to the price of oil.
Hell I’m paying 2.40/gal in TX now how much lower is it going to go?
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