The industry should have seen this coming years ago. If they’re not lucky the Germans will end up like Australia…supported 3 car makers, then 2, then 1, then 0. Couldn’t compete with the cheap (but well built) imports. Governments tried subsidising for years…it was all swallowed up in a black hole.
ADO’s glue might give Mercedes et al a bit of help. But will it be enough? Unlikely IMO. So using the glue saves them $500/car. Meanwhile the Chinese import comes in $20,000 cheaper per unit. No contest.
Just my musings. I could be wrong.
why ADO is a multi multi bagger, page-2250
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Last
2.1¢ |
Change
-0.001(3.67%) |
Mkt cap ! $52.28M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $7.812K | 349.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 828094 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1102151 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |