They pull in $250 Billion a year and have almost half a trillion in assets, I th... | Hacker News

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bischofs on Sept 12, 2017 | parent | context | favorite | on: VW announces $84B investment in electric cars and ...

They pull in $250 Billion a year and have almost half a trillion in assets, I think they can manage...

https://en.wikipedia.org/wiki/Volkswagen_Group

kolbe on Sept 12, 2017 [–]

Only in the SV bubble does $5b in profit on $250b in revenue constitute "pulling in."

And if you believe their accounting, then they're trading way under their book value.

If they issued bonds to finance $84b in electric car research, they'd be rated thoroughly junk.

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