« previous next »
Pages: [1]   Go Down

Author Topic: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts  (Read 85 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 187,185
Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« on: Today at 12:32:59 pm »
Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
By Admin
February 17, 2026
8:58 am

https://www.wsj.com/business/autos/detroit-automakers-take-50-billion-hit-as-ev-bubble-bursts-06a97414?st=5dmMrX&reflink=desktopwebshare_permalink

By Nate Rattner, Terell Wright and Sharon Terlep

Excerpt:

Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand

U.S. automakers have been pumping the brakes on their electric-vehicle businesses for months, and the costs are piling up.

https://www.climatedepot.com/2026/02/17/detroit-automakers-take-50-billion-hit-as-ev-bubble-bursts/
Logged
"A great civilization is not conquered from without until it has destroyed itself from within. " -- Ariel Durant

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 14,404
  • Gender: Male
Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #1 on: Today at 12:45:42 pm »
So, Obama-Biden Government's central planning of the economy was a failure?



In 2008/2009, not only did Big Government pick the winners ... it also picked future losers.
Logged
"Political correctness is a doctrine fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it’s entirely possible to pick up a turd by the clean end." - Alan Simpson, Frontline Video Interview

Online Smokin Joe

  • Hero Member
  • *****
  • Posts: 66,136
  • I was a "conspiracy theorist". Now I'm just right.
Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #2 on: Today at 12:57:07 pm »
The whole EV thing never caught on here. There are registered 983 'fully EV' EVs and 789 hybrids out of a million+ vehicles in the State.
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 66,501
Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #3 on: Today at 01:42:35 pm »
I just don't see how these EVs are the least bit practical - and that's what I look for when car shopping.
Logged

Online Smokin Joe

  • Hero Member
  • *****
  • Posts: 66,136
  • I was a "conspiracy theorist". Now I'm just right.
Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #4 on: Today at 02:11:10 pm »
Quote from: mountaineer on Today at 01:42:35 pm
I just don't see how these EVs are the least bit practical - and that's what I look for when car shopping.
Yep. From the start I could see these were not suitable for my applications.
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
Pages: [1]   Go Up
« previous next »