More Manufacturer Woes - Nissan

[blueline]

Here was my summary (right or wrong) posted here when they went public. Gordian knot for sure.

As best I can piece it together from news stories (always suspect) the company that went public is Porsche AG, which is owned 12.5% (plus 1 share) by Porsche SE, 12.5% by the 'public' via the IPO, and 75% (minus 1 share) by VW. What I read is that investors were shifting away from Porsche SE, causing its price to drop (reflected in the price quotes you shown above), and moving over to Porsche AG. As I understand it, Porsche AG went out at the high end of its range and traded up slightly on its first day. Investors are shifting away from Porsche SE (driving down its price) because it has large ownership interest in VW (~31%), along with its 12.5% interest in Porsche AG, and investors who are high on Porsche see Porsche AG as more of a pure Porsche play (unencumbered by VW's results).

That seems to be more accurate. The article I linked states it was Porsche AG not Porsche SE I mistakenly said had gone through the IPO.

All the AGs, SEs, reused names, etc., etc. get confusing. All I know is it's a mess. I'd hate to have to figure out their accounting. Valuations would be suspect too!

[blueline]

A bit more on the Porsche SE/VW/etc., including hints at the corp structure from today's eBrake News:

"Porsche SE to take up to $21 billion impairment on Volkswagen stake"

https://www.reuters.com/business/autos- ... 024-12-13/

At the end of the piece: "Analysts have warned the combination of pricing pressure, lower dividends from China joint ventures and committed investments will likely leave Volkswagen with a free cash flow close to zero in coming years, boding badly for Porsche SE's financial stability."

[Stormy_Monday]

I think there is a concerted effort by the EU to kill the car industry. Europe's economy never recovered from the apocalypse, fewer cars are being sold. Price hikes will lead to even fewer cars sold which will lead to more layoffs. More unemployment means fewer cars sold. Will be interesting to watch from afar

https://www.reuters.com/business/autos- ... 024-12-17/

[Stormy_Monday]

And....
it's beginning to look like 718 internal combustion car production will end without the expected 718 EV ready for prime time. If Porsche goes a year or two without the 718 will that be the end of the line for it? Hard for a car to come back after an absence.

https://www.theautopian.com/the-electri ... ight-flop/

[VVSTIKA]

I Concur

[VVSTIKA]

I hope they improve

[blueline]

I think there is a concerted effort by the EU to kill the car industry. Europe's economy never recovered from the apocalypse, fewer cars are being sold. Price hikes will lead to even fewer cars sold which will lead to more layoffs. More unemployment means fewer cars sold. Will be interesting to watch from afar

https://www.reuters.com/business/autos- ... 024-12-17/

What idiots. *Massive fines to the auto companies because people don't want (or cannot afford) the vehicles being shoved down their throats by stupid diktats. The economies of some countries in Europe, Germany & France in particular, are in serious trouble. They're on self-destructive downward spirals and will implode if something doesn't change soon.

Further news: VW strike talks still at an impasse.

https://www.wsj.com/business/volkswagen ... _permalink


* "VW, Stellantis and Renault have raised the prices of petrol engine models by several hundred euros in the last two months, in what analysts say is an attempt to curb demand for heavier emitters and make pricier electric models appealing."

"...carmakers are getting to work, aiming above all to avoid fines that could reach 15 billion euros ($15.76 billion) based on current sales..."

[Stormy_Monday]

When do these manufactures start moving facilities to the US? I'd be ok with a Porsche built in Tennessee or Alabama

[blueline]

This seemingly came out of nowhere:

"Foxconn Has Discussed Making Bid for Nissan"

https://www.wsj.com/business/autos/foxc ... _permalink

[blueline]

The Honda/Nissan tie-up is apparently official with Honda taking the dominate role in the merger (or whatever it will be called).

https://www.autoweek.com/news/a63265522 ... d568259d8a