US Senate passage of Trump’s tax bill slashing EV incentives is expected to weaken US automakers’ competitiveness against China, risking $200 billion in supply chain investments and accelerating Chinese dominance in the global electric vehicle market.
#YonhapInfomax
#ElectricVehicles #USAutomakers #China #TaxBill #SupplyChain
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70582
Trump Tax Cuts Seen Undermining US Automakers in Face of Rising Chinese Competition

US Senate passage of Trump’s tax bill slashing EV incentives is expected to weaken US automakers’ competitiveness against China, risking $200 billion in supply chain investments and accelerating Chinese dominance in the global electric vehicle market.

Yonhap Infomax

I found this CNN article that says Chevy has formally ended sedan production:

"With the Malibu’s demise, General Motors’ mainstream Chevrolet brand will sell only trucks, SUVs, and the Corvette, a two-seat sports car, in the United States."

https://www.cnn.com/2024/05/09/business/chevrolet-killing-off-chevy-malibu-sedan/index.html

My personal vehicle the last 25+ years has been a sedan, and now, the US automakers don't make them anymore. I didn't abandon US carmakers. They abandoned me.

2/2

#ScottCars #USAutomakers #Chevrolet #GeneralMotors

The Chevy Malibu, the brand’s last sedan, will end production

The Chevrolet Malibu, the last sedan still sold by General Motors’ biggest selling brand, will end production this year, the company announced.

CNN

US automakers have essentially stopped making "cars" in favor of pickups and SUVs. Ford formally this in 2018, excepting the Mustang. From what I've seen, GM Has done the same thing, excepting the Corvette.

My nearest Chevrolet dealer has the following new inventory:
161 Trucks (mostly pickups, but also ~15 commercial trucks)
113 SUVs
3 Vans
5 Coupes (all Corvettes)

They have zero sedans.

1/2

#ScottCars #USAutomakers #Chevrolet #GeneralMotors

Trump dismisses concerns over potential car price increases due to tariffs, emphasizing increased sales of American vehicles despite possible price hikes for domestic manufacturers
#YonhapInfomax #Trump #CarTariffs #AutoPrices #USAutomakers #TradeNegotiations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56209
Trump 'Not Concerned' About Potential Car Price Hikes from Tariffs

Trump dismisses concerns over potential car price increases due to tariffs, emphasizing increased sales of American vehicles despite possible price hikes for domestic manufacturers

Yonhap Infomax
GM Pitches Home EV Charging As Tesla Stock Slithers Downwards

General Motors is supporting a bidirectional home EV charging pilot project, with an eye on applying it to virtual power plants.

CleanTechnica
GM Pitches Home EV Charging As Tesla Stock Slithers Downwards

General Motors is supporting a bidirectional home EV charging pilot project, with an eye on applying it to virtual power plants.

CleanTechnica
Trump - 'Tax Deduction Only for US-Made Cars... Spoke with Big Three Automakers'

Trump signals potential policy shift, emphasizing tax incentives for US-made vehicles after discussions with major automakers

Yonhap Infomax
We can't seem to wean ourselves off the ICE.
"Jim Farley had just returned from China. What the Ford Motor chief executive found during the May visit made him anxious: The local automakers were pulling away in the electric-vehicle race. "
#EV #China #USAutomakers #IndustrialPolicy
https://angrybearblog.com/2024/09/jim-this-is-nothing-like-before-these-guys-are-ahead-of-us
Jim, this is nothing like before. These guys are ahead of us. - Angry Bear

Read about Jim, this is nothing like before. These guys are ahead of us.

Angry Bear