121
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
23 comments fedilink hide all child comments
 

Death to the car cult.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.

  • permalink
  • fedilink
  • source
  • parent