Because that is where the money is. These companies exist to deliver profitability to their shareholders. They’re not here to provide a public service….not sure why it is so hard for some people to grasp that.
Chevy kills the 45K base blazer trim .
- Thread starter UncleDave
- Start date
Spot on. Mortgage the house... Big payments forever. Cars are a depreciating asset; what will it be worth in 5 years and you still have 2 years of payments remaining?
Unless you are financially set, signing on the line is a crazy move, IMO.
True, but what happens if and when people wise up financially? Or someone offers a vehicle that makes sense?
Henry Ford built cars that people could afford; he put the world on wheels.
CEO Barra is an idiot.
They will be the first to come crying to the government/public to for special rules to protect them, or bail them out from their inefficient and/or bad business decisions though.
If the domestics can't or won't sell a reasonably priced vehicle, for 3/4+ of the market, then its not really in the majority of the public's interest to save them next time...
Toyota and Honda built their reputation from zero, by making their entry level cars half decent, and then people bought their more expensive models for the rest of their lives.
We'll see how it plays out I guess, abandoning the first time buyer market and then expecting them to plunk down 50-60-70k+ on their first purchase with your company sounds like a bad strategy to me, but we'll see.
There's no huge worry about not making any money on EV's. Just shift those losses to the people who are buying gas vehicles, and cover it with increased sticker prices on gas vehicles. Problem solved.
These are great cars for the money. Too bad a lot of haters are stuck on the old HG issues.Since everyone needs an AWD SUV thing, we might all have to drive base Subaru's...
Impreza is 23k
Crosstrek is 25k
Forester is 26.5k
Outback is 29k
Ascent is 34k
All with the eyesight driver assist mumbo jumbo, and most come with 60 or 65 series tires, and most of them have pretty high domestic content.
New-Vehicle Affordability Stable in June - Cox Automotive Inc.
The Cox Automotive/Moody's Analytics Vehicle Affordability Index shows new-vehicle affordability was unchanged in June.
www.coxautoinc.com
wemay
Site Donor 2023
I believe this will be the case...
Production will slow on purpose so inventory will be less and will sit on the lots less time, giving the impression their vehicles are highly sought. This will increase demand and drive up prices. (all manufacturers)
I believe Ford has openly advised of this already.
Production will slow on purpose so inventory will be less and will sit on the lots less time, giving the impression their vehicles are highly sought. This will increase demand and drive up prices. (all manufacturers)
I believe Ford has openly advised of this already.
Disagree. 1st, everyone except Tesla loses big money on their EV sales. At least Ford is transparent about it. The others obviously have something to hide.
Tesla was nearly belly up in 2018 and continued to operate in the red until a relatively short time ago.
New product ventures, with their start up costs, burn cash; they are an investment in the future. To make money, you need market share; profits will be difficult until you attain economies of scale in procurement, production and distribution.
GM has been very clear their EVs aren’t profitable. They’re shooting for profitability in 2025. Not hiding anything.
GM Targets EV Profitability By 2025
GM is targeting low to mid single digit profit margins on its electric vehicle lineup by 2025 and plans to spend $11-13 billion a year on capital expenditures to scale up to 1 million annual EV production capacity
www.forbes.com
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General Motors says it will stop burning cash on electric vehicles by 2025
GM is charging hard for profitability in EVs.
www.theverge.com
GM’s Electric Car Line Will Be Profitable in 2025, Barra Says
General Motors Co. plans to tell investors that the company expects its electric-vehicle program to be profitable in 2025, the same year it’s targeting sales of 1 million battery-powered cars, according to people familiar with the matter.
www.bloomberg.com
I'm not sure your links show transparency.GM has been very clear their EVs aren’t profitable. They’re shooting for profitability in 2025. Not hiding anything.
GM Targets EV Profitability By 2025
GM is targeting low to mid single digit profit margins on its electric vehicle lineup by 2025 and plans to spend $11-13 billion a year on capital expenditures to scale up to 1 million annual EV production capacity
General Motors says it will stop burning cash on electric vehicles by 2025
GM is charging hard for profitability in EVs.
GM’s Electric Car Line Will Be Profitable in 2025, Barra Says
General Motors Co. plans to tell investors that the company expects its electric-vehicle program to be profitable in 2025, the same year it’s targeting sales of 1 million battery-powered cars, according to people familiar with the matter.
I have not seen any financials that break out EV results, such as margins or even top line/bottom line numbers. Have you?
Working? Who does that anymore? Working is for chumps.
Gotta find a way to have "other people's money" pay for it. Mom and dad, the government, evil corporations, Youtube, whatever.
SammyChevelleTypeS3
$50 site donor 2023
Exactly! not enough "special customers" to sustain large volume enough to make profit IMHO.
Why oh why did we not transition into Hybrids FIRST instead of trying to jump off a cliff. So some people can feel
good? How good will they feel if they research into what has larger or almost equal pollution effects.
In before the LOCK.
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+1 Transitioning would be smart, not hobble an industry to try and push an agenda.
OT- we lost power yesterday a cooler day not stressing the grid, I had a good laugh and went to the pool. All electric, what a crock/joke!!
I like hybrids; I own one. The problem is, you are building a more complicated drivetrain than a pure EV.
But I believe hybrids are a great fit for many use cases.
Doubt. 84 and 96 mo loans make it possible.
Hybrids are over 20 years old, last time I checked. Nothing new here, just a slow rollout, and perhaps with as much market share as they will ever get?
EV's on the other hand, until someone gets out there, the bugs won't be found. Perhaps things are being pushed too fast, but until you get inertia built, nothing will happen. Sometimes as bugs are found, better solutions are then found, and things can sidestep if that is the better path.
SammyChevelleTypeS3
$50 site donor 2023
Agree with every word. Yet I just cant forget how many news stories talk about how dangerously fragile the entire electrical grid is and its said to not even be large enough. I am kind of shocked already (hope I dont jinx us all) that the power companies are not screaming for folks to turn off all non essential power users due to the heat. How much $$$ insetives and talk was given to hybrids vs the total EVs? I dont recall much.
Its interesting though the selectivity of it.
Data centers use as much or more power than EV's as do large buildings but no one is at all in the slightest worried about their proliferation.
We all sit and click away without the slightest thought about whats behind it all.