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Originally Posted by Bosa
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A very good piece... tnx for sharing that.
But, it does not show the reason for the closures in the US.
Which I contend is a bit of "re-tooling"
Meaning, the EU is about to make great strides for electrics and China is about to fill that market and at the same time, supply the US with plenty of cheap electrics.
And many EU producers will be competing in the US market with similar electrics.
Much of this is to transpire by 2021.
So, I contend they are trying to gear-up for the coming headwind cautiously, by investing in others that have been in the market (and are all non-union producers)
I find it surprising that a major revolution in transportation is playing out before me.
But, don't think the early models will all be great, but do expect them to evolve into something great in a very short period of time.
So the big change I think is the 'skateboard' construction concept. The key to it all.