Automotive News

They Spent Billions. They Built the Future. Then It All Fell Apart

Globally, automakers are feeling the burn as billions of dollars were incinerated with the EV transition that evaporated and ended with pushback, walk backs, and finally full on retreats with cancelled programs, DOA product plans, and automakers holding the empty money bags.

Now, automakers from Ford and Stellantis to GM, VW, and more are writing off unthinkable amounts of money and grappling with what comes next for today, tomorrow, and the future as everyone tries to compete both on the U.S. and the global stage. What …

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Author: Joel Feder

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