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.
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.
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.