True-I’m sure that falls into the play book
Extra, Extra....Read All About It!
- Thread starter Harris005
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Interesting read
www.automotiveworld.com
Handelsblatt: VW considering Scout Motors IPO | Automotive World
A listing could give Scout a degree of distance from Volkswagen's dealer network, offering cover for its direct-to-consumer model. By Stewart Burnett
www.automotiveworld.com
They do and they don't. They actually make more money on the car sales and warranty than an engine having a problem or needing an oil change. Labor rates are so high which is good for us mechanics, but the dealers don't make as much.
Speaking with my corporate hat on. I would not want to be in this situation if I was Scout. Besides the overhead (cost and effort) of hiring auditors and publishing audited financials every quarter. Scout would have to be very transparent on sales, cash flow etc, which is going to invite an exceptional amount of scrutiny. Additionally VW would need to sell a majority of the business via the IPO. The easier path would just be to privately sell a controlling interest to a 3rd party. Neither route ideal for Scout.Interesting read
Handelsblatt: VW considering Scout Motors IPO | Automotive World
A listing could give Scout a degree of distance from Volkswagen's dealer network, offering cover for its direct-to-consumer model. By Stewart Burnett
Nope. Tesla tried this back in the day in order to comply with a CARB mandate. The problem comes down to who owns the battery pack. If I buy the battery pack with the car, then I want my battery pack back when I finish my trip. I don't want someone else's battery that the may have abused. So the stations then need to hang onto the original pack and the driver has to make sure to come back the same way and swap at the same station in order to get their pack back. It becomes a logistical nightmare.
The only way it could work is if you bought the car without the battery and then leased the battery. Also, all manufactureres would have to use the same 2 or 3 battery packs in order to get the scale that you would need to make it economical. I just don't see that happening.
Do we have any info on what that "Scout Supply Power Station" does? I desperately want a 240V outlet on the Traveler. I understand the space concerns for the outlet so I am fine with it being on some kind of umbilical cord or breakout box. I'm hoping that Power Station could be some kind of breakout box?
To me it’s the shape of a USB cord to charge your phone. Ha!
Good to see this has at least moved away from Sam which it should
Another article about DTC sales. Is some interesting thoughts on the day to day hurdles and logistics-short read
www.aol.com
'Awkward,' 'Restrictive,' 'Tragic': 3 EV makers told us how US dealership laws hold them back - AOL
EV makers like Rivian and Lucid say state dealership laws complicate the buying process, while dealer groups say the laws protect consumers.
www.aol.com
Good video on TFL this morning. Lots of rumors addressed including timeline, pricing, EREV towing, Scout's status with VW, and more.
My fear there is now you have potential for additional board members and it suddenly becomes about profit and earnings vs the original ethos of SM
I'll second that comment, one of the things I have really enjoyed about this revival is it's link to heritage and community, once big wigs get involved that ethos may change.
I'll third it. One of the things I've been impressed with the most so far is how close the team at SM is to the community and much interaction there is with us. They are really listening It's similar with Rivian but nowhere near as strong.
From the first day, we've pursued additional investors. Scott was just reiterating what we've been doing for a while.
I think the difference between private investors and an IPO is that the responsibility (or rather the perception of the responsibility) seems to change from building a fantastic product to meeting public investor demands of profitability by the quarter.
Definitely not a fan of the profit-over-everything mentality that's taken over the stock market in recent decades.
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