Quote:
Originally Posted by DaveC113
IMO, it would have happened anyways, as small cars have never been profitable vs the Japanese gov't subsidized auto industry.
I also think Trump's Tariffs are the straw that broke the camel's back at both GM and Ford. It pushed these cars into the red and it just doesn't work anymore.
So the strategy is to just let the Japanese and Koreans have the car market. US automakers are out. They make far more money selling vehicles that cost $35k+, and they just can't afford to compete.
The writing has been on the wall for decades. This shouldn't be a surprise to anyone.
And it shouldn't be a surprise that tariffs are going to cost Americans jobs and financial well being either.
|
GM already said the decision had nothing to do with the Tarrifs, they had been planning this for some time.