I think as a public we’re starting to wake up to the reality of what’s going on here. The legacy car makers are just not going to be able to be competitive and some of them are in huge trouble. You can take your pick from any one of a number of articles about any one of a number of manufacturers but this one from Marketscreener gives a flavour:
I think we’ve walked a bit blindly into this by obsessing about the environmental advantages of EV’s without appreciating the full ramifications which are beginning to play out now.
Looks like tariffs may be the only options to protect industry and jobs, but it’s all starting to get very serious now.
Porsche SE withdraws profit forecast amid potential Volkswagen losses
Copyright © BusinessAMBE 2023 Key takeaways Porsche SE has stopped giving profit forecasts for 2024. The decision is due to potential losses of up to 20 billion euros stemming from the investment...
www.marketscreener.com
I think we’ve walked a bit blindly into this by obsessing about the environmental advantages of EV’s without appreciating the full ramifications which are beginning to play out now.
Looks like tariffs may be the only options to protect industry and jobs, but it’s all starting to get very serious now.