Detroit did this in the 1970s. Chrysler refused to stop selling massive cars during the gas crisis and they went bankrupt. We always bail them out.
So fucking stupid. They will ask for a bailout again, 100%. And the orange turd will give it
The tariffs are the last thing protecting them. Ford retiring the lightning was their biggest mistake. If they think they’re going to stop Americans from moving forward to better solutions and more efficient EVs, they’re wrong. US automakers will not hold us back.
We’ll be back to where we were in 2008. The economy will hit the dumpster and we’ll have to bail out these assholes who only make pavement princess pickups.
That’s what they make because that is what sells. Pickups and SUVs are also very profitable because they are sold at huge mark ups. They are relatively simple designs that are comparatively cheap to manufacture. I’d completely understand their position on this if it weren’t for one thing… the future. They should be working to develop huge electric trucks for the US market. The big mark ups won’t be there anymore, but it’s better than going bankrupt. Americans will be driving Rivians I guess.
Pickups and SUVs are also very profitable because they are sold at huge mark ups.
Tesla had the highest profit margins in the industry.
are you sure? I thought the margins weren’t very good for them because they were trying to keep prices down. maybe that’s only the model 3?
Because tesla is mostly a software company posing as a car company in order collect data and beta testing.
Do not under any conditions bail these pieces of shit out when they fail.
It really bothers me, considering fossil fuels are a finite resource. It doesn’t take a scientist to know that electric vehicles/solar are a smarter long term decisions for availability and environmental reasons.
Yes, but solar power has the potential to free us. The resource extraction for oil and gas is beside the point. The slavery they impose on everyone around them is the real product they sell.
Every oil executive is a 1000 times worse than any Epstein co-conspirator, I can assure you.
I don’t know that we should separate those groups
Yes, that’s why the radical right is attempting to force us to increase our oil dependency. They care only about strictly enforcing their preferred hierarchy.
Yes, but solar power has the potential to free us.
That’s bingo.
Yep. Trump and his gang of traitors destroyed my job in electric vehicles. It’s time to make maga obsolete
This time when one of them fails, let them.
“Too big to fail” breaks our current system where consequences are necessary to check certain behaviour. Take bad risks for profit that dont turn out? Go out of business, and more importantly, hopefully teach a lesson to every customer, investor and employee
Grandpa went from 40 years of GM cars to a toyota when the 00s bailout happened, and they were right. These ancient monolithic companies are horribly run, there’s very little if any ownership from the bottom up, and the more we bail them out, the worse their purely short term profit motivated decisions become
decisions that inevitably hurt those of us doing all the actual work, and never the rich who are running this place into the ground to line their pockets giving quarterly-profits-line-go-up presentations
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