Gale Hawkins
Super Member
- Joined
- Sep 20, 2009
- Messages
- 8,263
- Location
- Murray, KY
- Tractor
- 1948 Allis Chambers Model B 1976 265 MF / 1983 JD 310B Backhoe / 1966 Ford 3000 Diesel / 1980 3600 Diesel
I am glad to see this GM video from Sam. Sounds like if Canada and Mexico gets hit with with new questionable 25% tariffs GM will suffer. While GM are technically trailing Tesla by 5-10 years the USA needs GM to find EV paydirt ASAP.
In 3-5 years EVs will only account for 10% of Tesla's annual net profits if Elon Musk is correct.
As GM ICE sales fade as does the Baby-boomer population GM has to keep selling cars since they do not have ways of replacing their net income by 90% by moving into other profit centers as Tesla is doing.