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LOL. Their market cap isn't even that high.
by kolbe 9y ago
LOL. Their market cap isn't even that high.
- bischofs 9y agoThey pull in $250 Billion a year and have almost half a trillion in assets, I think they can manage... https://en.wikipedia.org/wiki/Volkswagen_Group https://en.wikipedia.org/wiki/Volkswagen_Group
- kolbe 9y agoOnly in the SV bubble does $5b in profit on $250b in revenue constitute "pulling in." And if you believe their accounting, then they're trading way under their book value. If they issued bonds to finance $84b in electric car research, they'd be rated thoroughly junk.
- Retric 9y agoLeverage is a thing... However, they spend a lot of money on R&D and this is just part of that budget over several years.
- kolbe 9y agoI see $3-4b in R+D per year
- Retric 9y agohttp://annualreport2016.volkswagenag.com/group-management-report/sustainable-value-enhancement/research-and-development/key-r-d-figures.html http://annualreport2016.volkswagenag.com/group-management-re... Total research and development costs 2016 : 13.672B, 2015 : 13.612B Split over a ~12 years that's a little over 1/2 of total R&D spending. However, much of this is capital expenditures on new battery manufacturing not just pure R&D.