It has been confirmed that Felicity Ace carried a total of 3,965 vehicles that it was transporting for Volkswagen Group. Some of these cars were custom-made and tweaked and cost upwards of $100,000 each. We know that around 1,100 of the vehicles onboard were Porsches, but other cars include Volkswagen, Audi, and Lamborghini. Most probably, all of the vehicles went down with the ship, and it’s likely that a lot of them were heavily damaged by the fire.
No official figures have been released as to how much this sinking could have cost, but with nearly 4,000 luxury cars onboard, it’s estimated that the vehicles were worth at least $400 million. This information comes from Russell Group, a risk analyst company. Together with the ship, this adds up to at least $438 million worth of losses. Of course, cargo ships are heavily insured, so Volkswagen Group will not be hit so strongly — however, the loss is bigger than it seems.
As we are in the midst of an ongoing chip shortage, and global supply chains are still not fully recovered from the first wave of the pandemic, losing 4,000 cars adds up to more than just a huge financial loss. Remaking these vehicles, especially those that were made to order, will not be easy to do. Supply chains remain constricted, and an event such as this does nothing to improve the situation whatsoever.
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