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I honestly don't know how the Big 3 will be able to fiscally handle the UAWs demands all while tooling up for an EV future. They'll have to raise prices of exis

I honestly don't know how the Big 3 will be able to fiscally handle the UAWs demands all while tooling up for an EV future. They'll have to raise prices of existing profitable vehicles (trucks & crossovers) in order to pay for all this. Meanwhile Tesla will be miles ahead in terms of technology and room to lower prices while still turning a profit, and if any of their foreign competitors are able to successfully come up with an attractive EV crossover (admittedly a big if), then they could be in for some real trouble.

janalsncm 3y ago
They could’ve started by not killing the EV1 back in the ‘00s. Would be light years ahead by now had they not given up on it. https://en.m.wikipedia.org/wiki/Who_Killed_the_Electric_Car%3F https://en.m.wikipedia.org/wiki/Who_Killed_the_Electric_Car%... When I saw this documentary about 15 years ago it was pretty depressing. Now electric cars are everywhere and we can laugh at GM’s mismanagement.
- kwere 3y ago
  unions would have killed it too if asked about, bcs EV need less manpower to produce cars end to end, lowering number of jobs and union power
jfghi 3y ago
?
- GenerWork 3y ago
  What about my statement is "?"
landemva 3y ago
I'm not worried, as creative destruction is progress for the typical consumer.
- GenerWork 3y ago
  I'm worried that the process of creative destruction will be halted through a federal bailout.
  - umeshunni 3y ago
    20 years ago, it made sense to prop up these manufacturers to support the domestic industry, but given the rise of the domestic EV industry (Tesla, Rivian etc), I'm not sure if it would still make sense for a strategic perspective. Politically, it may still make sense, though.
grecy 3y ago
> how the Big 3 will be able to fiscally handle the UAWs demands They are all posting record all-time high profits, and are forecast to continue doing so. The solution is so, so simple, but also so very taboo to talk about in American society. They can comfortably afford to pay their employees more by reducing profits.

janalsncm 3y ago

They could’ve started by not killing the EV1 back in the ‘00s. Would be light years ahead by now had they not given up on it. https://en.m.wikipedia.org/wiki/Who_Killed_the_Electric_Car%3F https://en.m.wikipedia.org/wiki/Who_Killed_the_Electric_Car%... When I saw this documentary about 15 years ago it was pretty depressing. Now electric cars are everywhere and we can laugh at GM’s mismanagement.

kwere 3y ago
unions would have killed it too if asked about, bcs EV need less manpower to produce cars end to end, lowering number of jobs and union power

jfghi 3y ago

GenerWork 3y ago
What about my statement is "?"

landemva 3y ago

I'm not worried, as creative destruction is progress for the typical consumer.

GenerWork 3y ago
I'm worried that the process of creative destruction will be halted through a federal bailout.
- umeshunni 3y ago
  20 years ago, it made sense to prop up these manufacturers to support the domestic industry, but given the rise of the domestic EV industry (Tesla, Rivian etc), I'm not sure if it would still make sense for a strategic perspective. Politically, it may still make sense, though.

grecy 3y ago

> how the Big 3 will be able to fiscally handle the UAWs demands They are all posting record all-time high profits, and are forecast to continue doing so. The solution is so, so simple, but also so very taboo to talk about in American society. They can comfortably afford to pay their employees more by reducing profits.