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Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car (www.bloomberg.com)

submitted 1 year ago by Amoxtli@thelemmy.club to c/usa@lemmy.ml

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Automaker is shifting its strategy for EVs as demand wanes
Suppliers in South Korea, China grapple with unsold inventory

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[–] DemBoSain@midwest.social 97 points 1 year ago (1 children)

Just like the '70s, Detroit wants to build enormous energy-dense cars, while automakers from another Asian country come in and sell what the market demands.

Expect US automakers to blame unions when they face another round of bankruptcies and begin demanding government bailouts.

[–] Peppycito@sh.itjust.works 20 points 1 year ago

Expect US automakers to blame unions when they face another round of bankruptcies and begin demanding government bailouts.

Hmmm..... I'll keep this thought in mind. 🍻