Maybe they should have spent money on R&D during covid, instead of doing fucking stock buy-backs.

Fuck them. Fuck them to death.

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

The free market is so keen until one becomes its lunch.

The north American auto industry sold out the bottom 85% of its consumers.

It deserves to collapse.

https://electrek.co/2026/07/18/new-6-passenger-780-mile-phev-from-gm-has-north-america-written-all-over-it/

That is a car GM is gonna sell in China for what is $19,999. The US auto analyst then says:

Figure a 150% price bump for the US market to put it in at $49,990 and I think GM would have a winner.

I'm not down with that. I'm not gonna support that.

Not a surprise. This is the end result of prioritising immediate profit for shareholders and C-suite members over the longterm survival of the company.

The US auto industry only exists because of bailouts and federal protection policies that block or limit overseas competition.

It just means the US automakers will pull in and only focus on the US, and the government will put in more anticompetitive measures to keep other brands out. In 5-10 years the cars we have will be crappy caricatures of what the rest of the world has and at twice the price.

I blame trucks and SUVs hollowing out the market for affordable domestic vehicles. The cost to electrify these vehicles is eyewateringly awful with their huge batteries and they can't be charged quickly enough on level 1 charging, drastically impairing barrier to entry for daily driving in absence of infrastructure. So of course they didn't electrify when they only really made profit on a segment hostile to EVs, they have enough difficulty moving their vanity trucks and bloated SUVs when more and more people can't afford any kind of new car.

Who remembers fElon laughing about the idea that Chinese EV car makers could overtake his market share? What a tool.

Oh shit this whole time I thought the TV were saying “Otto makers” but auto makers makes way more sense

Why bother to innovate and compete when you can get bailed out by taxpayer money?

Ok, but nice way to cherry pick numbers. EVs are only 7% of sales in North America, so US automakers still sell far more trucks and SUVs. 75% of 7% is only about 5%. Unlikely to change much in a spread out country with poor charge infrastructure.