
Sign up to save your podcasts
Or


GM and Ford reported huge (and growing) losses in Q4 2019, before the economic crisis began. Both companies have suspended 2020 guidance and have drawn down $15B+ on credit lines. Are we witnessing a slow motion implosion/bankruptcy for America's two largest automakers? It looks like it. Reuters reports, both companies are planning to make 320,000 EVs for North America in 2026 (combined!) ... that would be less than Tesla did in 2019. This is super disappointing, and makes their chance of a turnaround look even lower.
By hyperchange4.8
9898 ratings
GM and Ford reported huge (and growing) losses in Q4 2019, before the economic crisis began. Both companies have suspended 2020 guidance and have drawn down $15B+ on credit lines. Are we witnessing a slow motion implosion/bankruptcy for America's two largest automakers? It looks like it. Reuters reports, both companies are planning to make 320,000 EVs for North America in 2026 (combined!) ... that would be less than Tesla did in 2019. This is super disappointing, and makes their chance of a turnaround look even lower.

228,927 Listeners

952 Listeners

3,231 Listeners

12,950 Listeners

393 Listeners

1,835 Listeners

313 Listeners

2,133 Listeners

2,651 Listeners

10,063 Listeners

531 Listeners

3,403 Listeners

586 Listeners

147 Listeners

196 Listeners