by theluckycountry » Sat 07 Dec 2024, 08:27:25
Save it kub, we've moved on, you know, like the 5 stages of grief? While you're still in the denial stage the rest of the world has moved through the bargaining and acceptance stages and now it's just about cleaning up the gawd awful mess left behind.
Electric car crisis sparks calls to dismantle ‘Frankenstein’
$this->bbcode_second_pass_quote('', ' ')03 December 2024 6:30am GMT
Just nine months ago, Carlos Tavares looked like one of the most unassailable chief executives in the automotive business. The former Stellantis boss – whose abrupt departure emerged late on Sunday – had overseen yet another year of record profits at the world’s fourth-biggest carmaker.
This was partly the result of relentless cost-cutting, after the Portuguese executive in 2021 masterminded the stitching together of Fiat Chrysler and PSA Group to create a carmaking Frankenstein’s monster. But behind the enormous scale of Stellantis, problems have been brewing that have since brought Tavares’s tenure to a screeching halt. They threaten to create a nightmare for his successor as well. Among them is the question of whether Stellantis, a global behemoth spanning 14 brands including Vauxhall, Fiat, Peugeot and Jeep, can continue as a vast chimera, analysts said on Monday.
At the same time, the chief executive’s demise is the latest sign of turmoil gripping Europe’s car industry as Chinese rivals muscle in to their markets around the world.
https://www.telegraph.co.uk/business/20 ... uto-giant/So China is taking over? No. China is just dumping it's huge stock of EV at firesale prices. Hell they'll be on a BRICS reserve currency soon and will probably be excluded from the big western markets by tariffs anyway.
China’s Connected Car Collapse Is a Warning for the American Markethttps://www.thedrive.com/news/chinas-co ... can-marketChina's EV Market Meltdown: The Shocking Truth Behind the Collapse! Electric Cars & A Failing Market https://www.youtube.com/watch?v=tjbPlCJAVbAStranded assets, all across the globe, EVs sitting in lots by the thousands and no one willing to touch them because they are a recycling nightmare. Tens of thousands of broken charging stations littering the countryside. The companies bankrupt and no one interested in removing them because there is no money in it. And that's just the visible detritus! Then you have all the factories and parts makers. What a mess.
Edit: and the debt! The corporate and private debts must be in the trillions. And the US government debt accrued in subsidizing it all

Yes, you don't get $36 Trillion dollars in debt by just spending tax receipts. Whose Adam gonna sell his leaf's to? He was the Bottom scraper, picking them up for a cheap price. What will they be worth after the batteries are dead? The breakers won't want them, he'll have to tow them to a waste facility and pay for disposal. More money lost...
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.