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They could easily buy Volkswagen sized company from the reserve cash they have and still have quite a good amount of reserve left. I don't think car experience
by YetAnotherNick 3y ago
They could easily buy Volkswagen sized company from the reserve cash they have and still have quite a good amount of reserve left. I don't think car experience is something that is the limiting factor.
- adra 3y agoYes, let's take a very high margin business to buy a very low margin business. Our shareholders will surely appreciate that.
- YetAnotherNick 3y agoOr let's bet 2% of valuation to create another high margin business in one of the only sector that could give us trillion dollar more. I am just saying that few 10s of billions are enough to get all the tradition car makers talent, so if they are serious about car this is not the blocker.