Ford-ditches-new-EV

[UncleDave]

Well said except the GM part is what I don’t get in your posts. GM is doing well, its profits over the last ten years blow Tesla profits out of the water.
I think you mean you want Tesla to do well, they haven’t proven anything yet.
Profitable for 3 years their best profitable year matched/came closest to one of GMs worst in ten years.

I’m unsure how. In this case GM can do much better as a company, being the largest selling car in the USA for 90 years except Covid year is a pretty good record compared to Tesla

I’m not saying any company like GM is the holy grail but they sure have done better as a USA car company than anyone selling cars on our shores. Its income per share also blows Tesla out of the water.
However shareholders place more value in Tesla than any car company but that value is only speculation, not profits and that can change as it already has as Tesla investors have slashed the value of the company by darn close to 50%

I want all American manufacturers to succeed and offer viable choices in every automotive segment. I dont want to lose any automotive segment to European and Asian manufacturers. Unlike many here I dont root for any US manufacturer to fail.

I bought three GM vehicles for my company, so I put my money where my mouth is on being supportive of GM.

In the 24 years post bankruptcy GM has delivered 35% shareholder value or about 12.5 to the stock.
This isnt competitive, it doesn't even keep level with inflation. What Tesla has today could have, and should have been all been GM's, or alternatively Fords.

Telsa losing half is a little like Bezos losing half - still way richer than just about anyone else.
To say Tesla "haven't proven anything yet" is little like the "it's just a flesh wound" guy.
They came out of nowhere and dominated the segment and raced to #1 in valuation.

The minute the US taxpayers decide to stop subsidizing half tons with 179 both GM and Ford are dead overnight.
I dont want this to happen. They need to be competitive outside of <6K GVWR class vehicles and they aren't.

 

[97prizm]

They also had the Volt - I really thought GM did a great job on the 2nd gen Volt. Of course, GM did what GM does - kill a well executed vehicle…

It blows my mind that companies can make a product and not want to really advertise it. Every person whom I met who owned a volt loved it. It was on its own "chassis " if you will. The Mercedes R63 especially if it was in AMG guise was a totally unassuming looking vehicle yet fast as all get out and I don't think Mercedes ever did any marketing. It's like you had to ask about it.

 

[Torrid]

I want all American manufacturers to succeed and offer viable choices in every automotive segment. I dont want to lose any automotive segment to European and Asian manufacturers. Unlike many here I dont root for any US manufacturer to fail.

I bought three GM vehicles for my company, so I put my money where my mouth is on being supportive of GM.

In the 24 years post bankruptcy GM has delivered 35% shareholder value or about 12.5 to the stock.
This isnt competitive, it doesn't even keep level with inflation. What Tesla has today could have, and should have been all been GM's, or alternatively Fords.

Telsa losing half is a little like Bezos losing half - still way richer than just about anyone else.
To say Tesla "haven't proven anything yet" is little like the "it's just a flesh wound" guy.
They came out of nowhere and dominated the segment and raced to #1 in valuation.

The minute the US taxpayers decide to stop subsidizing half tons with 179 both GM and Ford are dead overnight.
I dont want this to happen. They need to be competitive outside of <6K GVWR class vehicles and they aren't.

I think American manufacturers can do great things when they take a segment seriously. They're loosing their hind ends to the Germans in premium cars and just the same to Korea and Japan when it comes to the more affordable end. The US has given up on cars and consider it niche at best. There's a market for niche performance cars though, regardless if the average person isn't buying a standard model. I look at Toyota and Hyundai and it seems like plenty are buying base sedans.

It's a wash on crossovers. They're all mediocre in the affordable range regardless of manufacturer. America wins in large SUVs and trucks which have become stupid expensive and has the possibility to become a niche market if they continue to price themselves out. I don't see near as many new trucks as I used to and the lots are packed with the new body styles here. I rarely see the latest on the road and the 13th Gen F150 2015+ were everywhere immediately it seemed.

American manufacturers need to stop chasing the big numbers in OTD sale price. GM seems to have already learned this when it comes to the Chevrolet Trax and Buick Envista. They're filling a price point sorely missing from US manufacturers.

Kill the subsidies for trucks and EVs. Let the market it sort 'em out. US manufacturing has gotten fat off expensive trucks and continue to get worse about pricing. It's not going to improve. It's an inflated fake market and needs a correction. Let US manufacturers show their abilities and stop propping them up. It's embarrassing. They fill a market that doesn't exist without it. I want good Ford cars back in particular. We need another Focus RS. Throw in a manual. Make a good one and I won't be driven to buy the German equivalent.