Skip to main content

‘It’s stupid’: why western carmakers’ retreat from electric risks dooming them to irrelevance

Iran war should be wake-up call about costs of not going full throttle towards EVs as Chinese have done, experts say

By the 1980s, Detroit’s once titanic carmakers were being upended by rivals from Japan. Ford, General Motors and Chrysler had grown rich selling gas guzzlers, but when oil prices rose and suddenly cheap, fuel-efficient Japanese models looked attractive, they were unprepared. The collapse in sales led to hundreds of thousands of job losses in the automotive heartland of the US.

Now western car manufacturers are making what one former boss calls a similar “profound strategic mistake” as they pull back from electric vehicles (EVs) and refocus on the combustion engine just as oil prices are soaring once again. Experts say the industry’s future – and that of tens of millions of jobs – could be on the line. This time, however, the threat is from China.

Continue reading...

Comments

Popular posts from this blog

The car made pedestrians second-class citizens. Don’t let driverless vehicles push us off the road altogether | Adam Tranter

If we want autonomous tech to succeed it must be designed to share space with us, rather than forcing us to adapt to it Adam Tranter is the co-host of the Streets Ahead podcast. He was formerly West Midlands cycling and walking commissioner under mayor Andy Street This week, the UK government announced its plans to fast-track driverless vehicle trials in the UK. One of the key companies involved noted that London presents a significant challenge: “It has seven times more jaywalkers than San Francisco.” There’s more than one problem with that statement – and it encapsulates so much of what’s already going wrong in the adoption of driverless cars. For a start, “jaywalking” isn’t even a thing in the UK. We thankfully have no such concept or offence. Unlike in many US cities, pedestrians here are free to cross the road wherever they see fit. And thank goodness for that. Adam Tranter is the co-host of the Streets Ahead podcast. He was formerly West Midlands cycling and walking co...

EU carmakers pave way for Chinese rivals as balance in market shifts

Many European motoring manufacturers are in retreat with plants to off–load – while China’s industry is on the march Chinese carmaker Xpeng is on the hunt for a factory in Europe. Volkswagen is aiming to reduce the number of its factories. It seems like it should have been the perfect set-up for a deal. Yet there was one problem with the plant on offer, according to Elvis Cheng, Xpeng’s managing director of north-eastern Europe: “It’s a little bit, I would say, old.” Continue reading...

Nissan open to making cars for Chinese partner in Sunderland, says CEO

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close Business live – latest updates Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland as he confirmed it would not be closed in a round of deep cost cuts. This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses. Continue reading...