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Podcast: News For Reasonable People
Episode: $114 BILLION EV DISASTER: Ford & GM Dump Billions as Green Dream EXPLODES
Description: Major automakers like General Motors and Ford are facing massive losses in the electric vehicle market, totaling a staggering $114 billion. GM, under CEO Mary Barra, initially championed an all-electric future but has since faced significant setbacks, including billions in write-downs due to its failed EV strategy. Ford has also suffered substantial losses, raising questions about the leadership of its CEO, Jim Farley. While global EV sales are increasing, the majority of these sales are concentrated in China, with North American sales lagging significantly. Tesla, Rivian, and Kia have all experienced sales declines, further highlighting the challenges in the US...