Automotive Intelligence Gathering
All the key industry news summarised and neatly organised
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Favourite stories of the past week…?
- Baby You’re A Rich Man -- Porsche raised €1 billion, through a special green bond, to spend on the all-electric Taycan. With every manufacturer of note committing themselves to at least a few electric cars in the early 2020s, are they using these kind of funding sources to improve the marginal business case most of them complain about?
- A Little Too Much -- A German rental firm cancelled an order for 85 Teslas, complaining of poor quality. Boom! Front page news. In a world where fleets frequently leave promised orders for hundreds of vehicles unfulfilled, I’m struggling with how this came to be newsworthy?
- Locked Out -- GM’s OnStar service was criticised after operators refused to unlock a car with a lapsed subscription, even though the owner’s baby was locked inside. GM blamed technical problems. Although the idea of subscription services leaves executives salivating at the prospect of high margins, have companies put enough thinking into the scenarios that could cause brand reputation damage?
Volkswagen plan to make the MEB platform upgradeable so that used vehicle buyers can get a car with a specification and functionality that is better than when it came out of the factory gate
GM’s Corporate line seems to be growing inexorably -- how much longer investors will agree to hundreds of millions of dollars per quarter being spent without any substantive explanation?