The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.
Also the oil industry is still heavily subsidized, so now you have American OEMs fighting a subsidized oil industry, and a subsidized Chinese EV industry.
Their EVs are gonna get fucked at both ends.
The end result is the US auto industry as a whole being left behind by the rest of the world as other countries expand EV infrastructure and limit or even eliminate fossil fuels across the board.