Ford loses 3 billion on EV

Interest in small cars waned when loan financing and gasoline was free. Just like 1980 the legacy 3 are behind when suddenly there is interest again.

Luckily GM decided to retain Daewoo - which really is the focus of this thread. Otherwise I don't think they would be able to compete with the overhead in their other factories.
 
SC Maintenance said:
Luckily GM decided to retain Daewoo - which really is the focus of this thread. Otherwise I don't think they would be able to compete with the overhead in their other factories.
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Is building vehicles in Korea cheaper than Mexico? If so, then why does Hyundai / Kia make vehicles in Mexico?
I would think that Ford vehicles made in Mexico would be competitive.
 
Their “losses” are missing the point. A Mustang Mach-E has a rated eMPG of 103. Without EVs in the mix, they’ll need to downsize everything else in the light truck category in order to meet CAFE requirements.
 
zzyzzx said:
Is building vehicles in Korea cheaper than Mexico? If so, then why does Hyundai / Kia make vehicles in Mexico?
I would think that Ford vehicles made in Mexico would be competitive.
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Labor wise it would be significantly cheaper in Mexico. I presume that is why H/K moved there, along with the fact that those types of small cars sell well in Mexico and other Latin American countries - closer to customer = lower transport cost.

Presumably labor cost would make it possible for Ford / GM to make small cars in Mexico cheaply, however they both had factories there for decades, so them getting out of that market in general has obvious other issues than labor costs. I suspect a Mexican factory for either looks a lot like a American factory, with Mexican workers. I would suspect a Korean Daewoo factory looks a lot different - more like a high turn / highly flexible Japanese plant. Just a guess.
 
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