Automakers might last another 5 to 6 months according to VW who...

First 1178 Last

Share
Profile

Follow
rocket973

12,052 Posts.

1743

27/09/22

04:17

Post #: 63890269
Share
Originally posted by rocket973 ↑

Don't complain in the future and say you weren't warned.

High Energy Prices Could Cause Manufacturers To Flee Europe

Sep 22, 2022, 9:00 AM CDT

As energy prices soar in Europe, some businesses are being forced to shut down or downsize production due to rising costs.

Another option for European companies is moving production elsewhere, with the relatively low energy costs in the U.S. proving particularly attractive.

The Inflation Reduction Act makes the U.S. a particularly attractive destination for companies in the chemicals, batteries, and green energy sectors.

Chemicals, batteries, green energy—these are all areas set to benefit substantially from the Inflation Reduction Act passed last month. No wonder, then, that companies active in these areas see it as a good idea to either move or expand in the United States.

Expand

Automakers might last another 5 to 6 months according to VW who told the media today that they might just last another 6 months, after that they'll be closing the factories.
Strange that Europe is now hoping that China continues its Covid policies so that Europe can survive.
What a strange world we live in now.

"Europe’s ability to get through the winter may ultimately depend on how cold it is and what happens in China. Shutdowns aimed at halting the spread of COVID-19 have idled large parts of China’s economy and meant less competition for scarce energy supplies."

Maybe Nato needs to bomb the crap out of Russia and takeover the Russian, gas, oil and coal supplies, otherwise Europe is doomed.
I did read that a USA general said the USA has 20x more nukes than Russia.
EMN Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply