The demise of the OEMs

[cwerdna]

https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

https://www.cnbc.com/2024/06/11/gm-trims-2024-ev-sales-forecast-amid-slower-than-expected-demand.html

 

[SO16]

Ford backtracking on their dealership EV certification.

https://twitter.com/x/status/1801407090839244870

 

[T3SLAROD]

Ford backtracking on their dealership EV certification.

https://twitter.com/x/status/1801407090839244870

They stupidly jumped into the EV hype instead of slowly going into it. Tesla made them poop themselves and now they are cleaning up.

 

[SO16]

Ford cancels their direct sales model for EVs probably due to pushback from dealers even though ford didn’t admit it.

Good video describing situation starting at the 11 min mark. Kyle’s perspective after that segment is interesting too.

 

[Just a Reader]

In other words they waited too long to innovate and are now giving up and have the stench of emission scandal all over them. There is a reason Model Y is the best selling car in the world, customers will vote with their cash. These dinosaurs are all going to go extinct.

No one outside of the US really cares about that emissions scandal any more.
VW sold 9.2 million cars in 2023, Tesla sold 1.8 million. Still some way to go for Tesla. The one reason why the Y is the best selling car is that it's about the only attractive offering by Tesla.

 

[Ellec]

No one outside of the US really cares about that emissions scandal any more.
VW sold 9.2 million cars in 2023, Tesla sold 1.8 million. Still some way to go for Tesla. The one reason why the Y is the best selling car is that it's about the only attractive offering by Tesla.

I still get emails from legal companies saying I can get thousands in compensation from previously owning a BMW diesel. Im in the UK, it's still a big thing here and in all of Europe. Companies that cheat like this for profit that damage human health are never forgotten nor should they be.