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While Tesla is ramping up their finance and insurance businesses, VW is selling theirs. Unless VW is selling it so that they can rebuild their own operation fro
by nunez 5y ago
While Tesla is ramping up their finance and insurance businesses, VW is selling theirs. Unless VW is selling it so that they can rebuild their own operation from scratch, this is yet another example of big auto missing the point
- rossdavidh 5y agoWell, it could be argued that selling 75% of such a business to a major financial firm, is better than running it yourself, if you don't have the financial and IT staff to do so in a risk-mitigating way. It's easy to get into a ton of trouble quickly in finance and insurance. VW might or might not have done this for the right reasons, but perhaps handing this over to a financial firm is, in fact, the right decision (for them).