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Author Topic: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts  (Read 192 times)

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Offline rangerrebew

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Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« on: February 20, 2026, 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/
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Offline DefiantMassRINO

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Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #1 on: February 20, 2026, 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.
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Offline Smokin Joe

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Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #2 on: February 20, 2026, 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.
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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.

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Offline mountaineer

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Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #3 on: February 20, 2026, 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.
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[H]umanity repeats the worst mistakes of previous generations and ... every free, prosperous civilization will eventually be destroyed by that small fraction of its people who find no satisfaction in anything but anger.
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Offline Smokin Joe

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Re: Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
« Reply #4 on: February 20, 2026, 02:11:10 pm »
Quote from: mountaineer on February 20, 2026, 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.
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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
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