BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.
why is this a surprise? The roads these cars drive on are also publicly funded. There is no “car market” without public money. The main problem in the US is that the government isn’t pushing automakers in a useful direction by allowing heavy, wasteful vehicles to be the most profitable.
why is this a surprise? The roads these cars drive on are also publicly funded. There is no “car market” without public money. The main problem in the US is that the government isn’t pushing automakers in a useful direction by allowing heavy, wasteful vehicles to be the most profitable.