The US automaker has weathered a difficult EV transition, announcing US$19.5 billion in charges to overhaul its strategy Read more at The Business Times.
Stellantis does make affordable vehicles though… in Europe…
They own Peugeot, Citroën, Fiat, Opel, etc and they have been making great affordable EVs in recent years
Stellantis brought the 500 over and it sold very well first three years, the problem was the car was garbage and in the end, they sold 23 in one quarter. You can’t fuck people over and expect them to buy the same garbage over and over, that only works for Jeep buyers.
Its not collusion. They just can compete against Japanese and South Korean brands in this segment so all the R&D money designing and building compact cars was going to waste. People would rather buy a Civic or Corolla than a Cruze or Focus.
It’s no like they’re forcing people to buy bigger cars especially considering these brands already make up a minority of sales in the US.
CEOs have repeatedly told media they have no interest in lower margin vehicles. So they chose to hand this over to China.
Ford stopped selling cars completely, because trucks are cheaper to make because they loophole safety standards and peope pay more money for something that is big.
Stellantis, GM, Ford all colluded to stop making lower cost vehicles.
Stellantis does make affordable vehicles though… in Europe…
They own Peugeot, Citroën, Fiat, Opel, etc and they have been making great affordable EVs in recent years
Stellantis brought the 500 over and it sold very well first three years, the problem was the car was garbage and in the end, they sold 23 in one quarter. You can’t fuck people over and expect them to buy the same garbage over and over, that only works for Jeep buyers.
Its not collusion. They just can compete against Japanese and South Korean brands in this segment so all the R&D money designing and building compact cars was going to waste. People would rather buy a Civic or Corolla than a Cruze or Focus.
It’s no like they’re forcing people to buy bigger cars especially considering these brands already make up a minority of sales in the US.
CEOs have repeatedly told media they have no interest in lower margin vehicles. So they chose to hand this over to China.
Ford stopped selling cars completely, because trucks are cheaper to make because they loophole safety standards and peope pay more money for something that is big.