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Off Topic Off Topic - General non-Corvette related discussion. |
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10-27-2023, 7:55pm | #1 | ||||||
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Who else thinks Mary Barra is an idiot?
Just yesterday, GM completely reversed course on their plan to go all in on EV.
After spending countless billions on it, saying it's "the future", they threw in the towel yesterday. They now won't even give forward guidance/estimates on sales numbers for EV. What a colossal disaster. One of the biggest business disasters in recent years. I predict GM is going to lose half their market capitalization between now and 2026. Watch. Going all in on EV? Stupidest idea ever. Nice work, Mary! |
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10-27-2023, 8:01pm | #2 |
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Who?
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10-27-2023, 8:05pm | #3 | ||||||
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10-27-2023, 8:05pm | #4 | ||||||
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10-27-2023, 8:10pm | #5 | ||||||
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10-27-2023, 8:20pm | #6 | |||||||
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They threw in the towel on EVs ? Forward guidance would show hybrid vehicles as the best option in EV development . Proceed & advance with fuel combustion vehicles also . |
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10-27-2023, 8:21pm | #7 | |||||||
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It started here in the '60s. Some of it was maybe needed, but once a government bureaucracy springs into life it never goes away, it only grows as it continues to justify itself. The kings protect their kingdoms; they never give ground. Auto makers have been regulated into trying to build cars that satisfy Washington's demands. CAFE standards always go up, emission rules always get tighter, pushing auto makers to build EVs as the only way to escape government clutches. Which it won't, of course. Marxism and its media have been very successful in the US: Hate businesses and love government. Most people I know think this way. If you want to hate something, hate the government. GM cannot take your liberties away, they cannot clean out your bank account, they cannot break your door down in the middle of the night and drag you away in your pajamas -- but government can do all those things. |
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10-27-2023, 8:30pm | #8 | |||||||
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They gambled that the government mandates would drive everyone to EV, so none of them wanted to be left behind. What they didn't count on is people realizing the limitations as they became more mainstream. For a % of people, an EV may make sense (as long as you can deal with the fire potential and cost of replacing a battery when needed). But for most Americans, they don't make any sense. They (.gov) also ignores the impact on the grid as they simultaneously cut production and increase load. |
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10-27-2023, 8:32pm | #9 | ||||||
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She wanted to be a government angel complete with halo. We hired a guy from San Francisco. (Uber liberal but really good with finding alternative funding)
He is the # 1 proponent of EV charging. So, the bleeding heart liberal doesn’t want EVs to make it. Nope. Because his well earned engineering degree from N. Carolina showed the payback numbers. We’ve become great friends. Because we talk actual numbers to make things happen. We throw politics to the side and work numbers. He’s now leaning center. Amazing how simple things like showing how certain actions can affect the bottom line. |
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10-27-2023, 8:42pm | #10 | |||||||
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Ford also throws in the towel!
https://www.outkick.com/ford-pulls-p...-biden-praise/ Quote:
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10-27-2023, 8:45pm | #11 | ||||||
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FedCo will just bail GM out again, so they can afford to blow billions away. As long as the wasted money is for whatever lamebrain idea that FedCo fashions, future bails are assured.
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10-27-2023, 8:51pm | #12 | |||||||
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I wouldn't be surprised if there were already discussions between Mary and DC saying "invest all in on EV. It doesn't matter how it turns out... bailout guaranteed". And there you go. |
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10-27-2023, 8:51pm | #13 | ||||||
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Yet here in Jawgia we get Rivian, and the Hyundai Metaplant, complete with battery manufacturing to match. YAY?
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10-27-2023, 8:58pm | #14 | ||||||
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GM is #1 for trucks and large SUV sales by a wide margin.
Barra personally earned aprox $58 MILLION over the last 24mos at 61yo. Yeh...idiot. |
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10-27-2023, 9:04pm | #15 | ||||||
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10-27-2023, 9:10pm | #16 | ||||||
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10-27-2023, 9:38pm | #17 | ||||||
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10-27-2023, 9:40pm | #18 | |||||||
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It’s either a brilliant marketing strategy that pays huge dividends Or a case of complete ignorance in efficiency in the modern world. |
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10-27-2023, 9:43pm | #19 | ||||||
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It is amazing to me that people think a Silverdoodoo and a Denali are "different" trucks. Shows you the general awareness of the average consumer.
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10-27-2023, 9:43pm | #20 | ||||||
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