Ford and GM are GOING OUT OF BUSINESS

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#vanlife

[freetrailerpoor]

Be careful of the hype. They shut down certain lines is a sign of innovation they are getting rid of the old for the new. Chevy Volt, Chevy Cruze, CT6, Buick LaCrosse, Impala and Cadillac XTS. In a statement issued later in the morning, saying it’s all part of an effort to continue “Transforming the global enterprise to advance the company’s vision of Zero Crashes, Zero Emissions, Zero Congestion.” To me means they are working on something electric and self-driving. They haven't lost any revenues. The problem is you hear people like Bob Lutz, who basically says electric cars are just for compliance, and offer really no value to consumers. "GM will have at least 20 pure electric vehicles on the market by 2023, though ICE will still be around". But I think they closing lines and laying off people is a sign that they are not just going to sit around. There are downsides to a union, I am sure in the 1940s a lot of young men drove out to Detroit hoping to get a job in a GM plant. Now it seems no one is really interested is seems all the jobs are owned. Seems the big fight is on the all the old auto and oil companies trying to beat Elon at his own game.

[ShawnMKouri]

Why don’t you also buy a Rivian R1T pickup truck or a Rivian R1S SUV and you will have a collection of electric vehicles and self driving technology. Or you can buy the Tesla pick up truck when it comes out.

[killercrypto]

With the Cybertruck coming what will they do

[JackRusselMan]

Actually, Ford is starting the production of electric vehicles. They used the new mustang as a stab at Tesla and they are starting production of an SUV that can go 400 miles on a charge and working on an electric F150 and the list goes on and on.

[legion]

Don't know about Ford, but GM is a company in Mexico now...