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I don't know about Ford, but GM is pretty well positioned to eat the US electric car market by producing more affordable electric cars (like Hyundai and Kia are
by NoGravitas 4y ago
I don't know about Ford, but GM is pretty well positioned to eat the US electric car market by producing more affordable electric cars (like Hyundai and Kia are doing, but mostly not yet in the US market). They could well fail to do so, but if they do, it would be an own goal.
- _ea1k 4y agoI think that's true for both Ford and GM to varying degrees. They have solid cash flow and existing factories that could be retooled, as well as the critical supplier relationships that are needed. But so far the results haven't been spectactular. Their goals for 2025 look like Tesla's goals for next year. That could change, though. Ford in particular has been making a lot of solid moves recently, and unlike GM there seems to be more movement than talk.
- jethro_tell 4y agoTo be fair, tesla's goals is kinda a moving target. How's that auto driving and the truck coming along?