Why Many Of Legacy Automakers Will End Up Bankrupt
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The world is slowly transitioning to EVs. This is not a large percentage of new vehicle sales but it is growing. For this reason, we can expect ICE sales to keep dropping over the next decade.
In this video I discuss how many legacy automakers are going to find it diicult to compete in this arena. The debt loands they have is tough yet going to get worse as they will have to spend billions to transition. Also, cannabilizing their ICE sales will only hinder their path forward.
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