Posted on 10/27/2023 7:40:18 PM PDT by cba123
Ford's EV business posted a big loss for the third quarter..
The strike against Ford may be over, but the company's electric vehicle woes are far from solved. The entire auto industry, grappling with steadily softening EV demand over cost and existential infrastructure challenges, is beginning to pull back its efforts to grow the sector.
Tesla (TSLA) - Get Free Report, of course, is dealing with falling sales figures and gross margins amid an ongoing price war whose aim is to entice customers to go electric. General Motors (GM) - Get Free Report, still locked in the throes of the auto strike, canceled an earlier plan with Honda (HNDAF) to develop an affordable EV, citing the results of "extensive studies."
GM additionally ditched a target it once had to make 400,000 EVs by mid-2024 and went on to push back the production of its coming EV lineup.
(Please see link for full article)
(Excerpt) Read more at thestreet.com ...
I think Ford and GM are doing exactly the opposite, of what they should be doing.
Serves em all right. Guess they shouldn’t be liberal should they
its that whole demand thingy
more mandates
more subsidies
that should solve the problem
“The entire auto industry, grappling with steadily softening EV demand over cost and existential infrastructure challenges”
Can you find the propaganda. People don’t want them for many more reasons than that.
Ford rolled, and is on the federal payroll. Your tax dollars at work.
They are pushing the electric car, come hell or high water. That’s where they’re at.
I’m watching them build 2 huge facilities for electric cars and batteries, one in KY and one in TN - I hope they have enough sense to make the facilities flexible enough to be able to build something useful instead.
The Greens and Democrats pushing this environmental baloney are ruining this nation in many ways. The CEO’s must say so loud and clear. Check out the text books in schools and you will find unsubstantiated eco-science in numerous chapters.
I’m too busy plugging in my cell phone and tablets all the time to even think about plugging in an EV.
Millions more just like me.
“The entire auto industry, grappling with steadily softening EV demand over cost and existential infrastructure challenges”
Yes that sentence is pure Orwell. It says more subsidies and a massive Government program to build a charging infrastructure are the solutions to the problem. They are already heavily subsidized and a charging station every half mile would not change anything. Most people don’t want them and there are a dozen good reasons/problems some of which have no solutions.
Our aging ‘60s and ‘70s leftist “activists,” bolstered by their indoctrinated kids and grandkids and a like-minded media, are trying to prove they were “right” all along in every aspect of American life. They’re a completely idiotic disaster, as they always have been.
Good post. We’re definitely in agreement. See my #11.
They will. Ventilators.
If we wanted the gook perspective we’d ask for it.
The auto industry and many elements of their supply chain have seen unprecedented growth over the past 40 years because of government-mandated fuel economy and safety features. The average car has over 1500 semiconductor devices including around 50 microcontrollers, and associated sensors and actuators...all of which used to be mechanical in nature. Powerful forces do not want this trend to slow much less stop.
In the early 1980’s, GM spent billions (in 1980’s dollars) to downsize their largest, most profitable Cadillacs, Buicks and Oldsmobiles.
When they showed the new front wheel drive prototypes to potential buyers at clinics and focus groups - they hated them. Buyers didn’t like them at all, and neither did selected dealers they showed the cars to.
But GM’s “experts” told them that oil prices were going to just keep going up.
So GM followed their experts, ignored customer reaction and downsized the cars.
Those cars were launched in 1985 and 1986 when oil prices had fallen to $8 per barrel.
Brilliant !
Fast forward to 2023 - same stupidity from GM.
Ignore the customer, obey environmentalists, the government and the “experts”.
We'll have to say no to the mandates when Gavin Newsom becomes President.
The technology that exists today does not make EVs feasible.
Maybe some day in the future, but to force the change over to them before all the problems are ironed out is foolhardy to say the least.
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