Wondering if the recent news about VW closing at least 3 plants and laying off 10s of thousands of employees will have any affect on Scout or the development of Scout. I know it's a separate company, but it is still bank rolled by VW.
VW cash flow issues affect Scout?
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We can't speak to Volkswagen's current plans.
To the contrary, I think Scout is the direction VW will be going in the future. Smaller brands, more in control of their product instead of everything being run by mega-corporate out of Germany.
It was near end of reveal event when one of the Germans I was speaking with said something very enlightening.
Paraphrasing-
We (Germany) have finally realized we can’t tell Americans what they want/need in a car intended for Americans.
The reference was simply cup holders. So Germans do very little-makes sense-driving autobahn at 100mph + you don’t want any more distractions than necessary. In America, if you can hold 10 Yeti 48 ounce mega jugs you win for best US family hauler. Just interesting that they maybe are realizing, as you suggested that smaller companies under their umbrella are better successes. Look at Audi and Porsche.
Jim Farley at Ford has woken up to the market ahead as well pivoting to more niche / enthusiast vehicles. . Autonomous Taxis from Waymo and Tesla will make normal driving / commuting exponentially cheaper and more convenient than owning a normal car ( Golf, Camry , RAV4, etc) . VW will not survive on volume sales of Golf and Tiguans 5 years from now
Hopefully, they push through and get this vehicle to market. This is the first time I have ever seen a vehicle we liked so much I was willing to reserve one and wait possibly three or more years to receive it.
@Jamie@ScoutMotors sorry for tagging you for like the 1,000th time lol.
But in all seriousness if VW doesn’t reach an agreement and shit hits the fan, what happens to Scout Motors? Is Going Publicly Traded? Or Private Investors? On the Drawing board?
But in all seriousness if VW doesn’t reach an agreement and shit hits the fan, what happens to Scout Motors? Is Going Publicly Traded? Or Private Investors? On the Drawing board?
The global market implications surrounding EV and PHEV sales are so dynamic right now. Maybe VW getting lean helps Scout. I think I would much prefer to be in Scout's shoes in this current market & economy than to be 1 of the big 3. Maybe Scout being a new domestic company and having time to build-out their factory (just taking reservations before needing to deliver a single unit, or being on the hook to hit revenue targets) is a good thing in this macro climate.
Look at the Stellantis and GM global news and you will see why... Short sighted moves prioritizing QTRLY profits over long term viability and shareholder value, zero awareness of where this market is headed, blinders on int'l EV growth and consumer demand.
Add to that equation getting crushed by China:
In total, EVs accounted for 51.4% of all new-car sales in China during July. BEVs alone accounted for 27% of the country’s overall total, and 53% of plug-in sales. This fell below the average of 58% recorded in the first seven months of the year.
And who is making all those EV's that sell like hotcakes in China now? Not GM, not FORD, not STELLANTIS... BYD MAKES THEM!
Out of the eight EVs in the overall top 10, six belonged to BYD. The carmaker has cut prices on its electric models to challenge the ICE market and bring buyers to the brand. This, however, is not only putting pressure on petrol and diesel powertrains, but also over EV models.
-Source:
Look at the Stellantis and GM global news and you will see why... Short sighted moves prioritizing QTRLY profits over long term viability and shareholder value, zero awareness of where this market is headed, blinders on int'l EV growth and consumer demand.
Add to that equation getting crushed by China:
In total, EVs accounted for 51.4% of all new-car sales in China during July. BEVs alone accounted for 27% of the country’s overall total, and 53% of plug-in sales. This fell below the average of 58% recorded in the first seven months of the year.
And who is making all those EV's that sell like hotcakes in China now? Not GM, not FORD, not STELLANTIS... BYD MAKES THEM!
Out of the eight EVs in the overall top 10, six belonged to BYD. The carmaker has cut prices on its electric models to challenge the ICE market and bring buyers to the brand. This, however, is not only putting pressure on petrol and diesel powertrains, but also over EV models.
-Source:
I understand that there may be a desire for lower cost EV's, but my hope is for American EV's to succeed. For me, part of the allure with Scout is being American-made.
I totally agree and that comes with a price. But the Economy will hopefully be in a better position than now.
I agree on both points bi refuse to give money to Musk so I hope SM and maybe some others like Rivian and smaller start ups continue to grow and be successful.
“The world needs more Scouts!”
Im a small business type of guy. That my reason for not buying and tesla and that fact that it’s a huge scam for AI learning. I support Elons work but i wont give money to a company that scams.
VW would also be more inclined to close some German factories first for economic reasons. Their German factories have the highest labor rate of any major car company in the world.
Yeah, i have to agree with this.
What does VW need 10 factories in Germany alone for, plenty of large companies make multiple vehicles in the same factory.
BMW has 8
Mercedes has 8
Mind you their wage rates are lower than VW. So close 3 factories should be a no brainer if IG METALL was smart instead of being a greedy Union.
