Bad vibes are rippling through the electric car market. Short term some states have seen growth in Electric cars. California uses a phony number because they include hybrids and hydrogen cars. We are seeing warnings from Ford, GM, Mercedes-Benz , and even Tesla.
What will the recent new UAW contracts do sale and pricing? Ford has announced that they’re holding back on 12 billion in new investments. GM is delaying the addition of three new brands and Honda cancelled it’s joint venture with GM.
You see Joe offering billions to the American Auto industry. Well one company is sending a billion to Mexico. For what you say? Well let’s let CNBC tell you what the real deal is involving GM.
General Motors plans to invest more than $1 billion in Mexico to produce electric vehicles, the company announced Thursday. The investment in its Ramos Arizpe production complex is the first major announcement by the automaker for EV production in Mexico. United Auto Workers Vice President Terry Dittes, who leads GM members, called the investment a “slap in the face” to the union members and U.S. taxpayers.
The company declined to discuss what vehicle or vehicles will be produced there. So if the American workers want a raise, guess what happens to the making of GM electric vehicles here. Also this plant he went to in Detroit? The workers make about half of what the regular plant workers make with pay and benefits. Go Electric.
