Buffett joins the fray as the auto industry transforms
Warren Buffett has now embraced the autonomous car revolution but can Volkswagen, which on paper looks extremely cheap, win from the great auto disruption?
“VW can do almost anything with its huge war chest,” I read. But then again, the article that made that assertion was published in 2010. Twelve years later, it has a war chest again. The Porsche IPO has meant even more billions of Euros rattling in its piggy bank - just shy of twenty billion euros from the IPO, although around half of that is slated for dividends.
But then again,…
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