this post was submitted on 11 May 2024
37 points (100.0% liked)

United States | News & Politics

308 readers
10 users here now

founded 4 years ago
MODERATORS
pangyuehung@lemmy.ml
yogthos@lemmy.ml
37
Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car (www.bloomberg.com)
submitted 6 months ago by Amoxtli@thelemmy.club to c/usa@lemmy.ml
11 comments fedilink hide all child comments
 
  • Automaker is shifting its strategy for EVs as demand wanes
  • Suppliers in South Korea, China grapple with unsold inventory
you are viewing a single comment's thread
view the rest of the comments
[–] DemBoSain@midwest.social 47 points 6 months ago

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.