Re:Apple Car: Bad Idea After All
by jononomo on Tuesday September 27, 2022 @12:36PM
(#32997680)
How much would it cost for Apple to take a 10% stake in Toyota? Doesn't Apple have a couple hundred billion dollars just lying around in cash?
[ Parent
| on HN ]
Re:Apple Car: Bad Idea After All
by restore_creole_ on Tuesday September 27, 2022 @12:56PM
(#32997958)
That would be around $19 billion and Apple has around $40 billion on hand. Although I think the culture of Japan would cause more difficulties other than having enough money to afford it.
Re:Apple Car: Bad Idea After All
by smileysteve on Tuesday September 27, 2022 @06:37PM
(#33002026)
why buy 10% of Toyota when they could buy 100% of Ford (49.7bn market cap) with 90% cash on hand.
Because Toyota makes reliable cars. As I noted above, I would never buy a car that is not a Toyota. If you want to be flashy, you get a BMW, but it you want to fight a war in the Middle East you get a Toyota Land Cruiser. Don't dismiss the reliability of Toyotas -- they really have it figured out.