The Quandary Legacy Auto Finds Itself In
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We are seeing most of legacy auto pull back on their EV plans. One one hand this makes total sense. The auto industry is being crushed by the economic headwinds it is experiencing. In a capital intensive business, it is best to mind the financial statements. Thus, the decision by Ford and GM, as examples can be seen as being good stewards of company resources.
In this video I talk about the other side of the equation. If there is a transition truly happening, where does it put these companies?
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