GM’s China chief Kevin Wale poured a huge bucket of ice-cold water over hopes that China’s Pangda and Youngman will rescue Saab. The deal needs to be approved by the Chinese government, the European Investment Bank, the Swedish government and – GM.
28-Cars-LaterFord reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped, emphasis mine] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
AZFelixLet's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.
ZelgadisElantra NLine in Lava Orange. I will never buy a dirty dishwater car again. I need color in my life.
SlavutaCX5 hands down. Only trunk space, where RAV4 is better.
Kwik_Shift_Pro4XOof 😣 for Tesla.https://www.naturalnews.com/2024-05-03-nhtsa-probes-tesla-recall-over-autopilot-concerns.html
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