Street scooter before sale ?: Post chief expects millions lost

              Sunday, October 06, 2019

Deutsche Post now has 10,000 street scooters on the street.
(Photo: picture alliance / dpa)

              Deutsche Post is expecting this year again for its electric transporter business
a clear minus. The street scooter is still a success story, affirms CEO Appel. The logistics company is still talking to prospective buyers.
              The electric transporter Streetscooter will again cause a high double-digit million loss at Deutsche Post this year. The company therefore speaks with "potential partners and prospective buyers," said CEO Frank Appel the "Frankfurter Allgemeine Sonntagszeitung". After a loss of € 70 million in 2018, "a significant double-digit million amount" will again be a deficit this year, said Appel. Deutsche Post 28.88 For the street scooter, Swiss Post was "not the best owner in the long term alone." The investors wanted a logistics company, not a car company. "From the beginning it was clear that the mail would not be an automaker, said Appel.For the German Post DHL as the world's largest logistics group, the tariff conflicts" so far "would have an impact on the business, so Appel "That may change over the next few months, but the long-term trend is stable: world trade will continue to grow, and so will our business." He said he was "more confident than most about the escalating trade disputes," he said Post-Chief. "Globalization has brought prosperity for decades. That can not and will not be reversed. "The American government under President Trump is following a" clear plan, as well as the Chinese, "Appel said." Both sides are testing how far they can go and then eventually they will agree. "At the same time, Appel's fears of a crash in the economy in Germany contradicted." It is not very likely that we will see a recession next year. "Even in such a case," there will be no big increase in unemployment. The labor market is still very tense, there is a lack of skilled workers. "The fear of a massive job cuts as a result of technical progress considers Appel to be completely unfounded." Mankind has survived the PC, without mass layoffs. People have learned to do that. It will happen again this time. "

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