RE: Absolute mess12 Mar 2025 10:02
All carmakers are caught between a rock and a hard place.
The transition to electric is polarising and therefore potentially halves your customers if you stick with one or other.
AML need 2bn for electrification, where is that going to come from? You guessed it, cash raises.
Be interesting to see who is involved in the next one, because if PIF, Geely and Merc refuse, there is real trouble ahead.
Geely are playing the long game here imho. Take a stake in AML, let Stroll run it into the ground, debts will only go up from here and share price down. Then a debt for equity swap, takeover for less than 2bn outlay.
Stroll makes millions from 10.5% bond interest every year, gets a free ride for his son in F1 and walks away happy. All shareholders screwed.
Not so many green boxes these days, I guess the rampers and fanboys are busy sobbing over the spilled milk.
98% loss since IPO. Outside of bankruptcy, probably THE worst performing share in our lifetimes.