Peri Hartman via EV wrote:
I don't particularly find GM to be altruistic. Am I right, reading between the lines, the GM fears a repeat of the Japanese takeover in the '70s ? This time around, VW and other European manufacturers are ramping up to an all-EV fleet. If they succeed, my guess is they will outsell gas cars, even in the U.S. GM is sniffing the wind.
I agree. Big corporations aren't about altruism; they're about profit. GM has simply decided there is more profit in staying in the EV market than in getting out.
I'd guess they spent a lot on EV tooling, and will lose it if they don't sell enough EVs to recover it.
GM is so big that it is a "nation" onto itself. They pay little attention to what the other automaker "nations" do, and are influenced more by their own internal politics.
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