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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 3 months ago by to c/fuckcars@lemmy.world
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Death to the car cult.

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[–] 35 points 3 months ago (1 child)

Looks like extreme focus on short-term profits and shareholder value isn't a great way to do long-term business.

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  • [–] 5 points 3 months ago

    Who could have forseen this?

    The problem is that major companies have unsustainably, and against all easily available wisdom, started to run their companies like Private Equity/VC companies, who aren't trying to build something of value but just profit from arbitrage or short windows of positive data.

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