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27 Mar, 6 tweets, 1 min read
Volkswagen Group said it will claim damages from former CEO Martin Winterkorn and former Audi boss Rupert Stadler, as the company tries to draw a line under its diesel cheating scandal
europe.autonews.com/automakers/vw-…
The automaker's supervisory board has concluded that Winterkorn breached his duties of care from 27 July 27 2015 . . .
. . . by failing to comprehensively and promptly clarify the circumstances behind the use of unlawful software functions in 2.0-liter TDI diesel engines sold in the North American market between 2009 and 2015, VW said in a statement on Friday
Winterkorn also failed to ensure that the questions asked by the U.S. authorities in this context were answered truthfully, completely and without delay, VW said
The board also concluded that Stadler breached his duties of care in the period from 21 September 21 2016 . . .
. . . by failing to ensure that 3.0-liter and 4.2-liter V-TDI diesel engines developed by Audi and installed in VW, Audi and Porsche vehicles sold in Europe were investigated with regard to unlawful software functions, the statement said

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29 Mar
UNDERSTANDING THE CURRENT MARKET

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28 Mar
Utility-Scale Solar at $0.046 per kWh Is Cheapest Electricity In History

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WHAT PRICE SHOULD WE PAY FOR SAFETY ?

Let us say that we have two Automakers A and Z

And let us say that they develop competing self-driving systems

"A" has started earlier and has built up more experience, and eventually reaches a 6-Nines level of safety performance
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JPR007 Profile picture
27 Mar
QUESTION OF THE DAY 20210327

"If Toyota is selling almost 9 million cars per year.
. . . why does it have a lower Market Cap than Tesla ?"

The QUICK ANSWER is "because they are mature with no growth"

Their results are what they are

Equity Valuations are based on GROWTH Image
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. . . and you have given investors no clear and credible strategy for getting to the other side . . .

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26 Mar
Where are all the containers? The global shortage explained

Freight shipping is in the midst of a unique and unusual predicament

An unforeseen cascade of events caused by the pandemic has us facing a worldwide container shortage crisis
hillebrand.com/media/publicat…
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25 Mar
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1. Making Automobiles

= $5,600 billion of Market Cap at a 20x P/E Multiple
2. Selling FDAS

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