Things are grim in the automotive industry right now.
First off, there’s a reason I didn’t put this story under my usual #Bidenomics Update, even though it has many components that are attributable to the brilliant Biden economic machinations that have brought us so many of our current difficulties. Not to mention, there are some uniquely American aspects to Stellantis’s problems. But this is also a global slowdown in manufacturing as well as a global climate cult political interference problem, and as much as I’d like, I can’t lay that all at POTATUS and Harris’s feet.
Stellantis CEO makes it clear – blame politicians for EV sales expectations.
The EVs ramp up “is not happening as quickly as the political leadership had expected. what we are seeing in the western world right now is the consumers are not supporting as much the political… pic.twitter.com/COlRepGa9C
— Dan Tsubouchi (@Energy_Tidbits) July 25, 2024
The issue is not just EV’s but quality and tanking sales across the line.
This is serious job loss territory. My guess is the Windsor Battery Plants will be “delayed.”
