Ford to cut 14% of European jobs, blaming EV shift and rising competition
cnbc.com
cnbc.com
Ford has the F-150, which is uniquely practical, but I doubt they’ll sell many in Europe.
I’m surprised there hasn’t been a land grab with different manufacturers racing to ship models that match their core competencies.
For example, Stellantis has a plug in hybrid jeep, but if you want an EV for off roading your only choice is Rivian. Where are land rover and range rover?
I think trucks are too large and have become a vanity symbol for most owners, especially in the city and state that I live in. I would argue the F-150 is impractical given the lifestyles of most owners in my area, which is to commute, not to haul.
Additionally there is the potential to use the f150 as an alternative to small generators, for those places where there is not full power.
Right after Biden announced them, Ford pushed their entire roadmap back a few years.
They seem to be targeting a world where they’re borderline competitive with foreign vehicles that cost half as much to make. US EV manufacturers that have a strong foreign presence will eat them alive.
I’m not a fan of Musk, but he’s come out against tariffs. The most cynical play on his part would be to wait a year or two for the 100% tariff to distort the market, and encourage a false sense of security in US manufacturers, then rug-pull his US competitors by getting Trump to eliminate the tariffs with minimal warning.
That’d probably be good for the US auto industry in the long term, but hugely profitable to him and Tesla in the short term.