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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16472959" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>European carmakers moving to online sales model amid pandemic</strong></span></p><p>Aug. 16, 2020 7:36 PM ET|About: <a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">Volkswagen AG ADR (VWAGY)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-douglas-w-house" target="_blank">Douglas W. House</a>, SA News Editor </p><p></p><p></p><p>Pursuing an opportunity created by dealer showroom shutdowns and surging consumer comfort with online big-ticket purchases, several European carmakers are rolling out <a href="https://www.ft.com/content/6681b877-348b-486e-8149-aa9dc6bd7fa4" target="_blank">internet-based sales channels</a>.</p><p></p><p>Peugeot parent PSA expects to deliver more than 100K vehicles direct to buyers' homes.</p><p></p><p>Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) will do the same for its flagship ID.3 electric car starting in September. It expects to release 75 battery-powered models in the next 10 years, all expected to be available online as well as through traditional dealers. It plans to sell the ID.3 at a standardized price in Germany regardless of where or how the car was bought. Traditionally, dealers set their own prices.</p><p></p><p>Mercedes-Benz maker Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a>) already sells cars directly in South Africa and Sweden and plans to roll out the same in Austria next year.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16472959, member: 137766"] [size=6][b]European carmakers moving to online sales model amid pandemic[/b][/size] Aug. 16, 2020 7:36 PM ET|About: [URL='https://seekingalpha.com/symbol/VWAGY']Volkswagen AG ADR (VWAGY)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-douglas-w-house']Douglas W. House[/URL], SA News Editor Pursuing an opportunity created by dealer showroom shutdowns and surging consumer comfort with online big-ticket purchases, several European carmakers are rolling out [URL='https://www.ft.com/content/6681b877-348b-486e-8149-aa9dc6bd7fa4']internet-based sales channels[/URL]. Peugeot parent PSA expects to deliver more than 100K vehicles direct to buyers' homes. Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) will do the same for its flagship ID.3 electric car starting in September. It expects to release 75 battery-powered models in the next 10 years, all expected to be available online as well as through traditional dealers. It plans to sell the ID.3 at a standardized price in Germany regardless of where or how the car was bought. Traditionally, dealers set their own prices. Mercedes-Benz maker Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL]) already sells cars directly in South Africa and Sweden and plans to roll out the same in Austria next year. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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