GM, Toyota & VW will SOON CRASH! Engineer Reveals Why (Reasons are UGLY!)

[@ConnectingODots]

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[@XpaceTrue]

The 1st part of the video was great. But then it claimed domestic car companies are failing because they did not embrace a transition to EV fast enough, dragging their feet while promoting gas and hybrid. *I could not disagree more.* The facts speak for themselves. For example, Ford loses something like $60K on every EV they sell. Initially, the demand for EV was high, but then prices jumped and the demand dried up. The marketing for EV is built on lies. We're not ready for EV yet. The technology & infrastructure is not mature enough. Our electric grid can't handle the demand of millions of EVs charging every day. Electric semi-trucks and commercial vehicles are far from ready. (Not even the US Postal Service has transitioned.) EV batteries are not designed to be recyclable and they create enormous pollution, both in manufacture and recycling.

[@XpaceTrue]

I don't recall a period when hybrid vehicles were heavily pushed. It was a sudden transition from gas to a full-blown EV obsession, with hybrid vehicles being few in number and mostly flying under the radar. If switching to EVs could actually help the planet and if the EV industry and "greens" really cared, they would use hybrids to entice more people to transition to EV. Instead, it's all about money, politics and virtue signalling. They want to ban all gas vehicles, including hybrids, by 2030. Infeasible and inflexible. Many places charge extra taxes or fees on EVs or charge supplemental fees on hybrid vehicles. Some places, like Victoria Australia, even double-tax hybrid vehicles - charging an electric vehicle levy as well as fuel excise.

[@LR0278]

"Avoid misleading media narratives" So basically don't watch my Tesla fanboy narrative. Got it! Bye😂

[@virtuerse]

Really liked your analysis, I have a feeling you’d enjoy reading Nassim Taleb’s work. He has a similar approach to risk and bureaucracy. In particular, I think you’d like his analysis on Hammurabi’s law and the consequences of distributing bad outcomes to players who have no fault (like the auto bailouts).

[@virtuerse]

@@XpaceTrue Im in agreement with you, first half was really well done and researched but his postulation that EVs or hybrids are our saving grace for US automakers is kinda laughable. While I do have a bias for hybrids, EVs themselves have too many cons to make it a feasible alternative for everyday consumers. As you said, our electrical grid couldn’t even handle a 20% increase in EVs, let alone the entire country switching. Not only that, but lithium is an expensive, dangerous, slave-labor-mandatory material to mine and refine for the massive batteries true EVs require. Increased demand for EVs would only send more people (read: children) into slave labor. We’re simply not ready for EV, and this doesn’t even mention the temperature constraints that batteries have that traditional vehicles don’t struggle with. Look up the oakbrook Tesla incident just west of Chicago for your own proof - people waited over 48 hrs to charge a SINGLE vehicle, and I doubt anyone got a full charge.

[@donaldhenderson1870]

Accountants know the cost of everything and the value of nothing. They should never run companies.

[@svenhodaka9145]

This story is similar to Boeing. 🤔Accountants, shareholders, investors, compensation models, all are factors leading to short term thinking and potential demise of the company.

[@klauszinser]

Once i was told, the Mercedes W124 produced from November 1984-August 1995 was the last Daimler Benz car vehicle/model where, when the engineers had finished the vehicle (I suppose during 1983), the accountants were slowly got involved. Not before. Who knows more about this?

[@jwvandegronden]

What a concise comment! Exactly what is wrong with CEO led companies around the world. Bean counters

[@jwvandegronden]

I’m highly impressed with this video: it’s really well done, the TtS voice is comfortable to listen to, and most importantly the content is bang on. Never thought I would hear my complaints and observations about our economic system being expressed as concise as you did teg. The car industry! But you can stretch this across any industry and you would be right! Thanks man! Liked & subscribed Liked and subscribed

[@Janez-h1e]

@@klauszinser w124 was made up to 1997...

[@lamjk10]

No bailout should be given, but instead, limited financial help to factory workers. Not the executives who caused the industry to fail.

[@andrewlim7751]

Should've just given the bail out money to the workers instead of CEOs betting in the wall street.

[@robmx2324]

GM has been bailed out 3 times already.

[@MyrKnof]

This.. Im so FUCKING sick of "too big to fail". Its always the same. They've spent a decade in complacency, trying to make as much profit for shareholders/CEOs as possible, introducing shittification everywhere because they could. Their previous good products gave em a good reputation. Now a decade later, everyone has caught on, and move on, and they get billions in bail out money, OUR FUCKING MONEY, to spend on CEOs and fuck shit up again.

[@andrewlim7751]

The communist China doesn't give corporations bailout money, not even one, no wonder sayings goes : "Socialism for corporations, Capitalism for individuals in America."

[@gzoechi]

Why the workers? They should keep the money and reduce taxes instead to make it easier for tax payers and for companies to build something new. There is no need for the government to hand out tax money every time something happens.

[@Project2013B]

What REALLY killed the industry was not "lack on innovation", what killed it was the ridiculous prices for new cars.

[@lucasward9506]

A lot of these car companies have literally discontinued all of their good entry level models in order to favor the production of more expensive models.

[@Sakhmeov]

Yep. And this is the idiocy that Jaguar - once famous because they made the world's fastest, potentially most beautiful car at near a 3rd the price of its competition - has now fallen into, at the SAME TIME that they've come stormingly out for Wokeness and DEI. And this, while SIMULTANEOUSLY the political winds are changing... Legendarily bad decision. Will go down in the history books.

[@MULTIVIBRATOR]

The richest one percent own half of the world's wealth. Let the rich buy then. Because the worker has no money.

[@ZealZaddy]

Great video. My 2¢: If you want innovation and less expensive cars-let BYE into the US market. They’re far superior and cheaper already. If you want America to make great cars again, pay workers better, train Americans and push STEM in school (and promote great education in general for every American-not private schools), Share profits more equitably so staff is invested in the success of the company, hire from within and promote ideas from those who do things, and get aficionados to run car companies again instead of MBAs. Then make cars for every strata of society again, and make them to last, not to fall apart every 3-5 years.

[@H0kieJoe]

​​@@ZealZaddy This video had too much EV nonsense. But I agreed with his more broad industry criticisms. As for BYD, nope. No Chinese cars in the United States market.

[@SerenityNowhere]

Retired Boeing quality assurance engineering manager. I can’t adequately describe how eerily similar my situation was. I retired three years ago because I could no longer stomach the mismanagement of the company. The folks who criticize “bean counters” as being obsessively cost focused have it wrong though. It’s not that the bean counters are wrong in their desire to drive down cost. It’s that they don’t adequately understand the concept of “total cost” which incorporates longer time horizons, reputation harm and a myriad of other hidden costs. I have a MS in technical aviation management which rigorously focuses on identifying and understanding all of the components of cost that the MBA’s just gloss over as static assumptions. Engineering skills are essential in identifying the hidden costs in any technical business.

[@Potent_Techmology]

The worst part of all this is the German automaker's collusion and GM's accountant management, like Boeing.

[@jlindcary]

I would add the Company Boards to the short term thinkers. Why do they reward CEOs and the rest of the upper management for the short term outlook that is damaging the reputation of the company and its products? Obviously this is not confined to the automotive and aircraft industries in the USA and Europe. It seems that the business schools should bear much of the brunt of this critique.

[@Sakhmeov]

Me (AP/automation tech/inventor) and my old man (former Ericsson dev-head and PMan., mostly deep RT programming) describe it as "Oral Hazard." 'Cause it's not even shallowly moral, but just about being able to say and pose and preen that you're doing something politically pretty. The beancounters have either become inculcated with ideology, or they're cynically just pandering to it and thus carried along all the same. And so, idealistic claptrap and political and croneyistic appeal is assigned a premium which completely effs up same said beancounters' margin calculations. And to the background, there's this absolute IDIOT assumption that "progress is automatic; As long as money keeps spinning around, something productive is getting done." Someone needs to show these people a pile of rocks to move from one side of the camp to the other... And of course, this is FAR from isolated to the car industry. There's a whole fat slew of moronic "Green Tech" and DEI projects and funds all over europe, generated through "public-private partnership," all keeling over themselves. My old man lives in Portugal these days, not up here, and spends his time tinkering with injection systems and consulting on solutions for smaller companies. Specifically because he's tired of the BS and getting screwed by politics. Me, I keep slaving at the airport, since I haven't made my money, and meanwhile I am freshening up an old Trans Am and planning for how to produce or sell a couple of designs somewhere else but here, since clearly my country doesn't want my skills...

[@1MinuteFlipDoc]

It's the board of directors that's the problem. the accountants want the company to survive to protect their careers.

[@firstlast-cs6eg]

But in the end capitalism pushes people to do what's best for them, not for a company, it's employees. or it's customers. Which makes hidden or even not so hidden costs irrelevant.

[@GrahamHomes]

I am a retired engineer in deisel fuel injection equipment ( Delphi ex GM) this is high volume really high precision manufacturing. The MBAs decided it would be a great idea to get to the expensive engineers in their fifties to retire . The result was predictable by anybody who did not have an MBA .The shop floor though they were mad ,but they went ahead anyway. The begging and scambling that happen when the plant ground to halt on several occasions was not edifying.They tried to recruite some new engineers but were told the skill sets they required were not available anywhere . They ended up paying large enducements to get the "retired expensive engineers " to come in and fix things. The trouble is the MBAs have never learnt how little they know.

[@mudi2000a]

The biggest issue is that there were no repercussions for the managers that took those bad decisions. So they instead doubled down on this nonsense.

[@kidoctane]

Also a retired engineer, albeit in the building services industry, and the same happened in my field. Early on in my career all the senior managers and directors were engineers, very good engineers. As time passed these leaders were superceded by other engineers but now MBA trained. This led to severe casualization of the workforce, the use of individual contractors, off shoring, design and construct contracts........and while all this was happening the talented engineers were sidelined and glossed over, with many losing interest. My last CEO, one day, bemoaned the lack of good engineers. My response was that was a result of good engineering is no longer valued. In another phase of my career I worked with a developer (known for their multifaceted innovative approach to business) as part of an in-house design team. That team rocked - punching out incredible,world class designs with a relatively small, but extremely integrated, team that was acknowledged by the company. The best days of my engineering career and many colleagues agreed with quite a few with 20, 30 and even 40 years of service. However one day the board appointed an outsider to the role of CEO (the first time ever in the history of the company) and that started the decline. Results faltered, CEO takes a golden handshake, and a new outsider, accountant and MBA CEO appointed who called in the management consultants in which resulted in a major restructure, mass layoffs and ultimately the contraction of the company from being a market leader to just another bottomer feeder developer. Glad I sold my shares when they had some value. And I am a car guy, sadden by what I see is happening, but happy that I had the good fortune to experience (and own) some awesome cars. Sadly peak automobile has peaked and it ain't coming back.

[@ItsTristan1st]

'Professional management' is a broken concept in general. Managing is an add-on skill like using a word processor. It is not a profession.

[@EmmasKidAdventures]

I’m in manufacturing working for a Fortune 500. It’s all about your degree or title. They hired a coach to run a plant lol never seen a job so dysfunctional. But it’s almost like getting free money for me.

[@sevenravens]

EV’s are struggling because of lack of infrastructure. Manufacturers put the carriage before the horse, even after many intelligent people warned them….

[@26natelang]

I am Nate Lang. I had 37 years at GM/Delco Electronics when I retired. Your presentation was on point. I experienced everything you presented. I spent significant time in southesat asia and Holdens (Australia). Keep these truths coming.

[@markhapner8499]

Add Saab to your study of companies GM killed.

[@coskungoksinakyuz4327]

Yes. Pontiac and Saturn as well.

[@andreww1928]

And Holden in Australia

[@liquidpodcast]

@@coskungoksinakyuz4327Years ago (2009) I have driven a rental Saturn VUE alongside Arizona. It was a wonderful car. Very well designed inside.

[@putteification]

@@andreww1928 Yes, but what about Holden in Australia?

[@deansmith1140]

I had a saab 9-3 turbo vector sport was an absolute pleasure to own, parts weren't too expensive and you had the security of knowing if you had a crash you were almost certain to walk away

[@kenwallace6493]

As an engineer who has worked in industry for over 60 years, I think this historical perspective is the most accurate I've seen. A similar story could be told about IBM, GE, etc. Our "titans of industry" turned out to be leaders of decline and disaster. It's one sad narrative. Make no mistake, legacy US auto manufacturers will be looking for more billion-dollar handouts.

[@jctai100]

They should show this video at every auto union meeting, every shareholder meeting, every CEO retreat. OVER and OVER AGAIN!

[@RJ-vb7gh]

Years ago, I had a long conversation with an accountant (bean counter) who was enamored with GM's management strategy. Overall, he couldn't understand how GM's "smart" cost reduction and branding moves were actually killing the company and why sales were falling off a cliff. He looked absolutely floored when I explained that GM was building junk and consumers weren't buying it. In doing all of his fancy math, he had literally overlooked that GM was supposed to be a car company that should have been building cars that someone might want to buy and drive. In fact he kept using the term "widget" instead of "car". If you can't tell the difference between a widget and a car, there's no surprise if you get it wrong.

[@sasapopadic384]

😂😂😂😂😂,omg, that one is crazy...

[@HyperVegitoDBZ]

People sometimes have no respect for the basics.

[@RookieEconomics]

One of the main issues is so many young people graduating university, yet they have no real world experience to put all of their theoretic knowledge into perspective. Then they become company managers with no understanding of the business they work for. I've seen this in several companies I've worked at. These people destroy the infrastructure of the company by installing new untested IT-systems, protocols and chain of commands, which tears apart existing internal workflows, logistics and warehouse protocols. Then manual labour cannot get the needed materials, they cannot communicate due to new levels of management acting as middle men, they have no overview of projects, time spent or the whereabouts of said materials - and nobody in management has a clue about anything! Everything has been disconnected in the pursuit of optimization and a blind trust in academia.

[@tommyh.8391]

Fantasy.

[@RJ-vb7gh]

@RookieEconomics This is absolutely true. Although the bean counter accountant was an older gentleman, he was still very much enamored by GM's cost cutting strategies. For example, he loved the idea that GM was building one car and maximizing it's profits by selling it with multiple "badges". It never crossed his mind that customers might actually want a Cadillac that wasn't a rebadged Chevy or that someone might want an Oldsmobile because he wanted and Oldsmobile engine or someone would buy a Buick because of he Buick cloud 9 ride. On his ledger a car was just a car and people didn't actually care what car they bought, it was just a matter of branding and profits... Basically, cars were just widgets with different badges. In fact, it wasn't long after our conversation that I saw a sticker under the hood of a Saturn that read... "Engine may be made by different GM division." In fact it was an Opel (world car) engine that frankly wasn't half as good as the Saturn engine that had been discontinued. Was the Saturn engine really better? Well I still have 2. One has half a million miles on it and the other over a quarter million miles, they are both over 30 years old and are running strong... Consumers could tell the difference and felt ripped off. Why pay for an Oldsmobile, it you were getting a Chevy? Eventually why make Oldsmobiles, Pontiacs or Saturns, it they were only Chevys? All of those divisions were literally closed and all of those customers were lost literally because cars aren't widgets.

[@Ringworld2]

These companies are dying because they have "innovated" themselves out of existence. I want a reliable car that performs well, not a effing smartphone with wheels that can't be repaired!!!

[@MoonayMultipliar]

But thats what the electric carmakers are producing

[@mikethespike7579]

Better not buy a Tesla then, the epitome of a smartphone on wheels.

[@RolandAdams-h4m]

@@mikethespike7579 Out of all the smartphones on wheels, Tesla may be the best. I just bought a V6 car though 🙂

[@dirkbester9050]

@@mikethespike7579 I own a Tesla. It specifically is not a smartphone on wheels. I have seen the Car Play by Apple and Google cars. They goddamn suck. You specifically do not want your smartphone in the car. Unless it is playing music or something. There is nothing on your phone that you want happening while driving with the exception of maps and music. Everything else is a distraction trying to kill you or an innocent victim. Tesla comes with maps and music. Instead the Tesla is a car. But not some lame car by companies that could not break the NHTSA car crushing machine in a test for 100 years. It is an amazing car from the company that did break that crushing machine and made them go get a bigger and stronger crusher. Because they actually bothered to make a safer car, instead of just talking about how safe they are like Volvo and Mercedes.

[@mattdaddy_888]

We can counter protest by swapping old school reliable big block push rod V8s into everything with no excessive tree hugger emissions crap and buying diesel’s and completely deleting them. If everybody starts doing that and we demand to defund the EPA then maybe car manufacturers will realize that majority of the market wants back is the way forward when it comes to cars and they’ll start making 60s like muscle cars again. Simple and reliable.

[@BidouLaloge]

All I want is a 98 Civic with a stick shift. No modern technology just pure driving.

[@newscoulomb3705]

Then buy one. I'm sure there are still a few around.

[@wtfgreg1246]

I miss my 89 civic si 5 spd hatchback

[@BidouLaloge]

@ I would buy one right now if Honda restarted the production.

[@newscoulomb3705]

​@@BidouLaloge But Honda won't because almost no one wants a new 5-speed Civic Hatchback. There's a reason gas car sales peaked 7 years ago in 2017 and have been declining ever since while EV sales have been increasing every year since 2010 (and only 1% of EV owners say they will ever go back to gas cars in the future). The fact of the matter is, automakers ARE building the cars people are actually buying now.

[@BidouLaloge]

@newscoulomb3705 I can garantee you that anyone would choose a 17k car that has less techology rather than a 55k car with a smartphone inside unrepearable and cost you 5 grand to change a windshield with that much sensor and techonoly. And need I say that during winter you loose half your autonomy. Thats a joke. You must be some kind of silicon dude who lives in a fake world. Or a woman.

[@Ms.Merotica]

Boycott the next car company that files for a bailout.

[@davidbeppler3032]

GM has already received several mini bailouts. Boycott them.

[@cmw3737]

Good riddance has never sounded better

[@Gojko-l3z]

Tesla is headed for a bailout

[@Detownrebel1]

Yeah, we have a president whose company filed for a bankruptcy seven times. And he’s gonna make everything right.

[@rsr789]

@@davidbeppler3032 I already do. I haven't bought a single car from them, EVER.

[@peteorengo5888]

Amazing how all of this, point by point, also applies to the US aerospace industry. You can neatly substitute “Boeing” for GM in this story.

[@samuelyuen7151]

MBA minds a everywhere!

[@dirkbester9050]

Or Intel

[@markmark2080]

the ULA

[@taylorc2542]

@@markmark2080 It's hilarious to see the difference between ULA and SpaceX.

[@lloydmorcom9789]

I drive a school bus in Australia. I had one bus, a Mitsubishi Rosa, for twelve years, which I drove over a difficult hill road, mostly gravel. The main issue I had was suspension wear. Six months ago, I was given a brand-new Mitsubishi Rosa to replace my old one. It has the same basic body shell, but everything else has been 'redesigned'. And sadly, most of the redesign has made it a worse vehicle. The only real improvement has been alloy wheels, which make the ride much better on corrugated roads and should lead to a longer suspension life. But oh, the problems! Its automatic transmission lags so much after any control movements that it has made driving much more dangerous. I have to plan every move well ahead of time. It's as though every gear change goes to a middle-management committee, which has to have a cup of coffee before it can make a decision. The new heating and air conditioning system is another nightmare. Looks great, though! But, the controls are unreliable. If you set a temperature, it will not consistently maintain that temperature. In the morning, I set the temperature to twenty-two degrees on the driver’s panel and the heater on the main compartment panel with the recirculating air option switched off. This works until I turn the engine off while waiting to start my run. When I start it again, usually (but not always!), the control resets from fresh air to recirculate, and the temperature setting is way off, with cold air blasting out until I reset the temperature to twenty-six. After that, I must continually play with the temperature controls to try and maintain a reasonable heat level. This is all made much worse by the very slick design (thank you again, Mitsubishi Sales Department, for your input!), which is almost impossible to use without taking your eyes off the road, unlike those on my older bus. And believe me, on the route I drive, you can't afford to take your eyes off the road even for a second! And then there is the engine! To meet emission standards, the older turbocharged 2.4 litre diesel has been replaced by a smaller, 2.1 litre turbocharged common-rail diesel. It's lighter, and because it spins faster, the performance is similar. But it is an altogether more fragile thing than the older engine. I can't see it lasting the same distance. I accidentally dropped the engine access hatch on top of it when I was checking the oil and, without realising, broke one of the return lines on the fuel system. These are unbelievably fragile! Finally, the basic body shell is okay, but the subsidiary panels are made of the thinnest steel, often held on by plastic clips! After a particularly rough drive after a storm had moved through the area, the lower front panel was half hanging off, having popped its clips, and one side of the rear bumper had bent back fifteen degrees! A few judicious kicks and whacks fixed these problems while I waited to start my bus run at the Secondary school! So, by working backwards, what has led to this situation? I can see at least three causes. First, not enough capital to fully develop the new design. Secondly, poor engineering. All the original Mitsubishi engineers are long gone, and the new ones are under the thumb of MBAs in management, particularly from the sales department. More than that would be pure speculation, but to me, it's all a symptom of the decline following the post-war engineering boom. As you say, very sad.

[@brjohow]

Main reason people hate car companies - nothing can be fixed. And this non-fixability is engineered. Until Louis Rossmann and right to repair people get their way and the law sides with the consumer against manufacturers making engineered to fail and engineered to be unrepairable illegal most consumers are just tired of engineered failure and engineered obsolescence.

[@davidbeppler3032]

A main reason I bought a Tesla. Easy to work on, very little maintenance, and nothing designed to break. Even the brake pads last almost 200k miles!

[@elkyubi4281]

@@davidbeppler3032they are not easy to work with, the benefit is the low maintenance and noise pollution it reduces in the environment

[@jayartz8562]

​@@davidbeppler3032Stop fooling yourself, tyres, bushes, suspension all wear no matter the car.

[@timmiller8537]

@@tj92834Not to mention Teslas awful build quality.

[@brjohow]

@@davidbeppler3032 Tesla Closed source OS on computer that tracks your every move and reports your location (to government, insurance, etc) and can tap into the cameras. Also uses camera to enforce behavior by looking at driver. Also uses subscription and paywalls to deny user features in the car unless user pays up. Note the use of "user" rather than customer/owner. Tesla battery replacements are massively overpriced and difficult. Software that shows how the battery condition really is and controls how the batteries are wearing and reconditioning cycles, etc, are all locked so the user has minimal to zero visibility and control. Tesla car insurance is massive now because insurance companies know the slightest accident means the car gets totaled because they cannot be repaired.

[@andrewadams3894]

Part of the outsourcing mentality is the belief that you can outsource manufacturing while doing the engineering work in house. This is an extension of the old Detroit divide between manufacturing engineering and design engineering. What ends up happening is that your foreign manufacturers see the manufacturing savings that could be enabled by changing the design to take advantage of new manufacturing techniques and they are thus incentivized to consider their own designs. Meanwhile your own engineers aren't exposed to new manufacturing ideas and continue to design for the old techniques. They don't need to learn anything new until it is too late.

[@ClockworksOfGL]

Most auto manufacturers have become glorified parts assemblers. The job of the “engineer” is to get someone else’s part to fit on a CAD screen. Tesla found this out early in its history, when it contracted with an outside transmission manufacturer to supply a gearbox for the Roadster. Every unit broke in testing - sometimes within seconds - and in a different way every time. Tesla quickly realized the “engineers” at these vaunted suppliers don’t actually know how to design transmissions, they simply rehash the same thing in a different package.

[@marquisdemoo1792]

If you outsource your engineering you have no in-house hierarchy of engineers capable of assessing the design concepts and quality of the outsourced product, so they can BS you. The UK military eventually realised this having sold off their research establishments, which led to the introduction of a degree programme and me as a maintenance technician/engineer being taken off-line for 2 years to get an MSc.

[@andrewlim7751]

Boeings outsourcing IT engineering to India killed the company alright.

[@GlenMcbride-s6l]

Say what ever you want: My money goes to buy mostly used TOYOTAS! I DROVE A 2000 R/4 FROM THE WRECKING YARD FOR YEARS. I changed the oil & filter, and sometimes brakes myself. Two years ago I got rid of all but a 2017 Toyota Corolla. Now the money I saved driving mainly Toyotas I rolled into my retirement annunity. I still think they will be the most dependable car company in the future. I don't buy all that glitzy junk. I want to drive and get there plus money in the bank! Yes, I am smarter than your average bear!

[@Itzallgoood]

I don't like any new cars from any manufacturers. I'm just going to keep rolling my ice cars until there are no more gas stations.

[@chanjoe9244]

Unfortunately you are too tiny to stop the world from changing. No offense.

[@SoulTouchMusic93]

Time to bring back moonshine but for cars!

[@davedsilva]

Will ICE will be the preferred vehicle of the rich, and poor people drive EV? Watch the poor people trying to pretend they can afford gas whine.

[@grizzlygrizzle]

Most people don't want EVs.

[@jamesgrover2005]

And so you see, you need gas stations. ICE users are a captured 'Cash Cow' market, they've got you not only through maintenance, but you can't even make the fuel.

[@kennethprocak5176]

Majority of US ordinary working people don’t earn enough money. And vehicle prices keep increasing. You have an economy living on credit. The bubble is going to burst its due again.

[@richardnwilson]

ICE vehicle prices keep going up but electric vehicle prices are going down.

[@Thisoldhiker]

@@richardnwilson Except for Tesla, EV prices are steady at best, and Tesla is cutting prices only because it's lunatic CEO is alienating its most obvious customer base--upper middle-class liberals.

[@Peaches-i2i]

@@richardnwilson They're still unaffordable and backed by green deal incentives. EVs are also going to strain the grid an insane amount while being unproven technology. Too many EVs are either running dead in the middle of nowhere or have to carry around combustion generators in the trunk. The prices of ICE cars are only going up because of policies and fees, not because they're getting more expensive.

[@jig1943]

‘living on credit’, this sounds like the federal government..

[@foxgood]

​@@richardnwilson where do they go down? Because in Quebec no electric vehicles go down, it's the opposite.

[@gmarinelarena8675]

I remember a VAVE proposed by an RH lady that we had to implement in our company. Her idea was to replace our working boots for cheaper ones, 6 months later we started having a lot of foot related injuries and performance dropped because the new boots were more uncomfortable. At the end this VAVE idea turned out to be worse for the company.

[@Readerb86g]

As an engineer working in government ('79 - 2010) the MBA model definitely created a sad environment for any engineer that wanted to innovate. It's more than obvious that the reason the engineering personnel would "suffer" the intense workplace demands of Tesla or SpaceX, is because it's fulfilling to be innovative and see the progress, rather than get shoved into a corner and told to "Go back to your drafting table". Great compilation of history and analysis! Granted, I often was thinking ... "Oh so true. So true."

[@kidchaos1313]

Same shit is happening in software by private equity buying up these saas companies (enterprise or consumer) and laying off high value-high ticket devs and designers for low cost cheap off shore labor that can't innovate out of a paper bag.

[@Readerb86g]

@@kidchaos1313 I thought "ouch" but actually it's more like shaking my head and thinking "Sad and so obvious. At least to those who have seen that logic before."

[@devonbikefilms]

Absolutely spot on. As an engineer I was told my career would be enhanced by getting an MBA. I left after 18 months (3 year part time course) because they were pedalling a highly conservative group think approach, guaranteed to stifle innovations. And so it proved to be.

[@spectrumofreality]

LMFAO! Engineers are idiots period!

[@jpcaretta8847]

Been there too. I warned about these MBAs without or with pooor engineering background and lawyers ! The destruction started 3 decades ago ! Now we lack good eng tech qualified workers... that is doers but we have plenty of bitcoin investors.

[@ThisIsToolman]

In the 1980’s CEO of Chrysler, Lee Iacocca, paid back the government bailout early. He wasn’t an MBA. He was an engineer, a visionary. When the title “chief engineer” was replaced by “engineering manager” was when things started to go down the tubes.

[@citylimits8927]

Actually, the area of business that Iacocca was best at was marketing. From the Mustang to the reintroduction of convertibles to the minivans, he and the people working under him saw markets where the bean counters at the other companies didn’t. When it came to quality however, his cars had quality problems that were every bit as bad as the products from Roger Smith’s GM. I owned a Plymouth Horizon that had several things wrong with it (test-driving it in the deep freeze of winter at 40,000 miles , I didn’t find out until Spring that the air conditioning was completely broken). It barely made it to 100,000 miles and it was a rolling repair bill of a car! Several people who I knew had similar problems with their Chrysler cars from that era.

[@ThisIsToolman]

@ As I pointed out, “visionary”. You’re correct about the K cars. Recently, briefly I owned a 1986 (I think) turbo LeBaron. The engine and transmission worked great but I found stupid failures in quality from the factory.

[@heymikeyh9577]

Still sticking pins in my Lee Iacocca voodoo doll! ‘89 Dodge Caravan, engine was trash by 130k, after replacing the manual transmission at my own expense at 65k (so much for that 7/70k “warranty”)

[@citylimits8927]

@ The 5-speed manual transmission in my Horizon destroyed itself too! Total trash! I swear that I never slam-shifted the thing!

[@cactusjess]

The term "doing the same thing over and over and expecting a different result" applies to the US automobile industry. Up until recently, Toyota has been very successful in maintaining its leadership as the dominant automobile manufacturer by focusing on producing a quality product. They don't engineer obsolescence in their products - quite the opposite. I purchased a basic Toyota pickup in 1986 and drove it for 325,000, often hard miles, maintaining the required interval maintenance and sold it to an elderly fellow who continues to drive it to this day.

[@dongeiger8393]

When government are dictating what the public can buy wether we want them or not. The public said we don’t want them an auto industry was forced to build them. So the buying public said no thank you and didn’t buy what the auto industry was being forced to produce. Wef is destroying private industry by forcing it to build something no buddy wanted!

[@vince-qp1nx]

Well said.

[@paul-cx2fo]

This is the most accurate comment in here. Unfortunately with only 8 likes I can see how many people are still asleep to global elites. Sad.

[@SeaJay_Oceans]

We want the fancy designs back and no more EPA telling us what shape cars must be... ALL Cars look the same now : bland and UGLY. Gimmy some big tail fin muscle cars again, V8 Roaring with power, able to tow a boat or camper with ease.

[@darklordeternal]

We, the consumers, do not necessarily want groundbreaking innovations in our cars; we want them to be reliable and have low maintenance costs. I don't want innovation for the sake of innovation. To reduce costs, car manufacturers have digitized the entire dashboard of a vehicle, from air conditioning and seat heating to infotainment systems. As a result, the buttons that made these operations much easier and faster have disappeared. Among the exceptions is Toyota!

[@krause79]

That's changing fast, I'm a bit of a nerd, so I welcome good software and plenty of features in my car, but I might be a minority in my generation. But younger consumers are all in for high tech EVs.

[@CoasterGaming]

@@krause79ima nerd too but my dream car is a 67-69 fastback mustang. Beautiful car.

[@dr.swaster8763]

So glad I found this extremely informative channel. So underrated. Hope you gain the following you deserve. Your pieces are professional and concise. Ty

[@nunyabidness3075]

Could you explain why you feel this way?

[@StefanSavicg]

The knowledge you share here is extremely unique. thanks for this info, that's why i don't put in much in these companies the crashing comes in deferent ways. i must say you and trader Liecy have really brought me far on this journey of growing my finance.

[@DylanWattsh]

Hw can i get on Trader Liecy.

[@StefanSavicg]

*she's mostly on Telegrams.*

[@StefanSavicg]

*@LIECY.*

[@StefanSavicg]

*Her strategy helps newbies to earn without losing much.*

[@DylanWattsh]

Interesting. Thanks...

[@jeffthomas7345]

We should be building cars the last, easy and cheap to repair. Not disposable, expensive, technological nightmares.

[@goldenretriever6261]

Those types of cars wouldn't sell. Most people are too concerned about what others think of them and wouldn't want to be seen in a cheap car.

[@davidbeppler3032]

You just said we should be building Teslas. lmao I expect 750k miles from mine before any expensive parts fail. Repairs are easy. In an accident the Tesla sacrifices itself to protect you. That is not disposable. That is brilliant. You can buy a car that kills the driver but the car is fine for resale if you want. I want my car to protect me.

[@quademasters249]

@@davidbeppler3032 If you replace enough parts, any car will go 750K miles. You won't get to 750 without replacing a couple drive units. I agree they're safe but, they weight as much as an F150. That gives them the advantage in any crash against another car. The issue with EV's in general is the battery. Once they're done, it's not cost effective to replace them.

[@airplanemaniacgaming7877]

@@davidbeppler3032 yeah im gonna have to stop you right there, Cyberpunk Steve. In just a couple years that battery pack is going to be unable to hold as much of a charge as before, due to the nature of how batteries and such work. Most of the cost of the vehicle is in that giant bomb you sit on. The bomb that when a thermal runaway happens cannot be extinguished unless you smother the entire thing. Good luck paying for it, when it costs as much as a new car to replace the battery pack.

[@sdw-r8j]

@@quademasters249 Battery failures in Tesla's are very rare but even if it did happen there is a 120,000 mi warranty and after that expires Tesla now offers a guaranteed rebuild for $8,000.00, about the same price as an OEM charges for a Rebuilt engine or transmission. And the Tesla Model 3 has a curb weight that ranges from approximately 3,552 to 4,048 pounds, depending on the specific model and configuration. The Ford F-150 curb weight is between 3,923 and 7,050 lbs as organized by trim, option package, and model year.

[@jeffthomas7345]

Because they build expensive, difficult and too expensive to repair, they don’t last. Why can’t they be easier to repair? Why does it require removing the entire interior to repair anything under the dash? Why is it so time consuming to pull the engine? With the engine bay crowded, you can’t reach much without removing it.

[@orffyreusk6556]

Just look at the teardown of a VW/Audi engine that's involved in changing a waterpump. It sits under layers of timing chains and tensioners. Why? Because it's cheaper for them to bury a waterpump deep in the block than to flow the coolant around all that timing gear. They shave fifty bucks off their manufacturing cost, and you "accept" the fact that a brand new long engine will be cheaper than the rebuild if that waterpump ever fails.

[@davidbeppler3032]

That is why I bought a Tesla. Almost no maintenance. Cars last 750k miles. Batteries last 20-30 years.

[@OlleSundblad]

​@@davidbeppler3032what I hear from repair shops Tesla is the brand that requires most repairs. And we'll see how that battery lasts 20-30 years...

[@roberta949]

Not to mention the slowest low impact collision totals the EV's and especially Tesla's. Once the battery or battery carriage, frame, attachments etc etc or anything to do with the battery itself is compromised in any way the vehicle is totaled.

[@joewoodchuck3824]

I was quoted $500 to replace a set of spark plugs. That's how much disassembly and reassembly is required to access them.

[@ronjarosch8287]

re: subsidies, Tesla took NOTHING? What about the $7500/vehicle sold? That's a pretty big subsidy!

[@dez7726]

The $7500 tax credit? The qualifications for that are low. Almost scam worthy.

[@rfwillett2424]

That wasn't a specific Tesla subsidy, it was a subsidy to the consumre to buy any US manufactured EV.

[@krause79]

That applies to EVs, not just Tesla's, in my country it even applies to plugging hybrids so lots of brands and models get the subsidy.

[@ronjarosch8287]

@@rfwillett2424 I never said it exclusive, but the comment was made that Tesla had NO subsidy and that subsidy was for every car they made.

[@ronjarosch8287]

@@dez7726 Right, you had to have a $7500 tax on the 1040 and buyers of a Tesla probably had that, not so hard.

[@Bogie3855]

The saddest part of ALL of this they watched Teslas growth for 10 effing years. No sympathy for the destruction you leave behind.

[@dr-k1667]

EXACTLY!

[@Dularr]

Yet Tesla is still not bigger and seems to talk about getting out of the car business.

[@janbauer4667]

​@@Dularrnot bigger than who? 🙄

[@waynerussell6401]

@@Dularr Owns half the entire automotive business in capital value! Was always going to conquer TAS rather than the low reward car sales model.

[@Dularr]

@janbauer4667 Tesla is number ten. Toyota VW GM Ford ...

[@meshedgears2794]

This is an excellent rehash of the Jack Welch school of management. There is an excellent book written about how the late CEO of General Electric drove companies into the ground by only focusing on shareholder value. His methods were borderline criminal, but he was the Teflon CEO, unfortunately for many of his management apprentices they were not so slippery, and several went to jail trying to use his methods. What started the fall was the ability of corporations to do buy backs on their own stocks when that dam was removed the goal of the CEO became shareholder value and self-enrichment. -MG

[@AlessandroGenTLe]

Same people that immediately later went to Boing applying the very same phylosophy. And we've seen the results after 2/3 decades

[@JDOS911]

GM apparently learned nothing from GE because they're in the process of turning TO this type of management as we speak. Needless to say, between the constant layoffs, re-orgs, and cost cutting (among record profits and executive bonuses) the morale among the rank & file is abysmal.

[@luciusael]

Hang on, if our charging infrastructure isn't ready, why would the car companies stop producing ICE and only make EVs?

[@JGerbase]

This is a profound piece. THANK YOU SOO MUCH

[@jackcoats4146]

IMHO the main problem is accountants took over, and they became more 'risk adverse'.

[@4literv6]

Yup and outsourcing literally everything possible to save pennies. Destroyed America's ability to make things!

[@ConnectingODots]

🎯

[@iandavies4853]

@@4literv6agreed. Yet it works for Nvidia - they don’t get their hands dirty.

[@jasonmugridge]

Also look at the once great Mercedes back in the 1990's, same thing.

[@ralf-peterberg1083]

@@jasonmugridgeGermany here: absolutely right! Loved and drove Merc’s for more than 3 decades. W123, 190E, S124, R170, R171. My last one was a S211 E320 CDi. Annual service costs 1500€-ish. Most expensive repair was an oil leak in the cylinder-V to the turbo. 50cts for the gasket and 2 grand in labour cost! Then I swapped to a Berlin-built M Y LR: repair costs over 50k km exactly 0€. ICE never again!

[@voyeur4994]

The Australian government paid GM $2billion dollars to subsidise workers wages in factories for the locally made Holdens with the agreement to keep the doors open. 2 years later after taking the money from Australia and investing it offshore back in the USA they announced they were shutting down. They did say they would keep the brand and supplying new cars as Holden branded then doubled down and closed in a total of 5years after the announcement. They said they would continue to offer part support for upto 7years, they close and ceased all operations less than 12 months later. Holden was one of the biggest dealer networks in Australia 2nd only to Toyota, GM turned their back on dealers and the Australian people. Sadly only now are people from countries like the USA beginning to realise how innovative and cool our vehicles are compared to large SUVs and PickUps. Too little too late. GM could have been the best company in the world but continually took the cheaper option in favour of profit.

[@rwdplz1]

Automotive Engineer, and your analysis is pretty much right on. The industry is run by idiots with MBA's. Maximize short term profits for the shareholders (meaning themselves and their stock options), get their bonuses, run the company into the ground in the process, collect their golden parachutes and leave.

[@hohenzollern6025]

We used to call this "looting" "raiding" or "bleeding it dry". The entirety of western corporate culture is operating like this now, it's why everything has turned into garbage and a joke. Everything from "content" slop movies and TV shows, to the highly technical aerospace companies. This is how Rome falls, people lining their own pockets with never a thought to the next generation or beyond.

[@rose415]

Quarterly bonuses ruined long term auto company health

[@_youtube_junkie_]

In the company I work for, the dev budget is less than the bonus budget that depends on it.

[@rose415]

@ in my company all pensions were frozen, then two years later billions spent on stock buybacks

[@MiteshDamania]

​@@rose415 stock buybacks should be made illegal

[@rose415]

@ they were until Reagan made it ok

[@MiteshDamania]

@@rose415 oh really!

[@collectorguy3919]

Wireless updates for cars are a bad idea! The auto manufacturers can't be trusted, and tech giants are not really better. I want a car that is designed for safe and efficient transportation. Not connected to the Internet, and not monetizing me.

[@aidang1254]

I must say as being an absolute car nut who’s been following the car industry ever since I’ve been able to read as a kid, this has genuinely been one of the best summarised and most informative videos I’ve ever seen. As an Aussie the end of Holden brought down the manufacturing of Ford and Toyota in Australia as 3rd party suppliers in Australia couldn’t be profitable with just 2 brands manufacturing. As Holden sales as a brand declined significantly after they stopped manufacturing the Commodore range in Australia. They were struggling to sell their rebadged GM products. The one of the more notable actions Holden did towards the end is claim the Astra was “Australia’s best selling car”. Only problem being it was far from it, so how did they manage to make that claim…. Well because in Australia car sales numbers are counted when the vehicle is registered by the dealer, not when it actually rolls off the lot. So basically Holden forced dealers to have literally thousands of Astra’s that they weren’t able to sell just so they could run the advertising campaign and claim the top spot. In short it was a disaster with dealers having multiple warehouses full of cars no one wanted and having to sell them at ridiculously reduced prices for months on end basically till the brand was shut down completely. 😂

[@mt14l]

Mitsubishi was also an expert at profit shifting. Would buy components via Japan that had a huge markup over local suppliers who could deliver to tonsley a lot cheaper. the 380 was also a solid car, as was the late model Magnas. Poor management in Tokyo is what killed its Australian Manufacturing operations

[@Neersg09]

indeed

[@nicholaskarassavas5668]

Having had mainly German “luxury “ cars for over 30 years, I can’t help but feel nothing for their decline, they have screwed me in feature pricing, dealer services, labour and part rates and price, but as there were few available alternatives I stayed in the abusive consumer circle. Japanese cars then filled the gap and became industry disrupters, with reliability and competitive pricing for a few decades till they too realized that they could start cutting bigger and bigger corners and increase profits by cutting quality, features and increase price living the last couple of years on their marketing and fading reputation. Next will be The Korean manufacturers, who have already started over tilting the value/cost swing. The Chinese are the current disrupters, giving good value and service, they will continue to improve networks, reliability, parts and quality and unfortunately like history shows, once they have the respect and market cornered and having killed off many existing and future vehicle players and upstarts, may come full circle and follow the German then Japanese, currently Korean and Indian vehicle manufacturer route of charging an arm and a leg for basic low cost features and Oem parts… Which will leave disgruntled consumer market open and susceptible to a new transportation disruptor and in this way progress, development changes will continue while the pattern of New and better then followed by cut corners and charge more for less and remove features and charge for each (under the customize/tailor your purchase guise) as long as you have market “captured” See… full circle

[@robm3357]

Never understood the people that believed German engineering was the best. As a person that has worked on cars all my life I always found German engineering to be over engineered as in (Keep it simple) is not in there vocabulary. Over engineered to the point of pure stupidity that brought great profits when it comes to repairing there cars. I truly believe engineered to fail for the purpose of being able to forecast what parts to stock was the ultimate outcome.

[@grahamkearnon6682]

What I find astonishing is the complete silence/denial that the fancy tesla presses mean that on the street that car can suffer miner damage but, gets written off due to huge repair costs, the car insurance world will adjust to refuse the Tesla, Riven style cars.

[@shanedavison7473]

New cars are too expensive. I have owned a lot of used cars over the years and I see new cars as priced for the rich . Whether cars are ev or gas loses track of what the customer wants...an affordable car.

[@seanocd]

Have a look at Chinese EVs. They're taking up the mantle of cheap-and-efficient new vehicles in a way that I don't think we've seen since the Korean cars of the mid '90s to early '00s. As much as it pains me to see them destroy so many legacy automotive manufacturers, the simple fact is that they're now making quality products at a much lower price than their competitors. Protectionist economic policies will only hold them off for so long if other manufacturers can't adapt to the markets desires.

[@shanedavison7473]

@@seanocd The Tariffs make them just as expensive.

[@seanocd]

@@shanedavison7473 Are you American? The tariffs on Chinese vehicles are *wild* over there. Insanely so. Tariffs have their role to play in economies, but that one is anti-market protectionism in its ultimate form. The US has quite the history with suppressing cheaper foreign made vehicles, and is often pointed to as one of the reasons American made vehicles have become worse market offerings over time.

[@shanedavison7473]

@@seanocd The last time the USA went crazy with Tariffs we had the Great Depression.

[@HonestUAWElectrician]

​@@seanocdthey aren't making quality products dude. China is in deep, deep sh*t right now and BYD is making junk. The reason China is cranking out EVs is because they aren't decommissioning their coal fired power plants so they have plenty of power generation, unlike here in the US.

[@GeoFry3]

The eye opener for me was in 1997. I bought a 1980 Toyota Tercel off a guy for $500. I needed a cheap daily driver. Everything worked fine except for rear left wheel which had a wobble to it. I figured out that the brake drum also had the wheel bearing in it. It had cracked. I started at the local junk yard. The guy there suggested I go to a dealer. Turns out they stilled made that part, and had been using it for some 30 years. They had been coasting instead of innovating. After I saw that I started seeing the same thing all over the place in every car. 30 year old cars sold for present-day prices. Not much has changed since then.

[@orion789]

Very very true

[@goldenretriever6261]

It's just a wheel bearing.

[@garybulwinkle82]

What you say doesn't make sense!!!! If they have been making the part for thirty years, the junk yard should have a lot of them! The only reason to go to a dealer, is to get a part they only have which would be a limitedly avalible part (one year only production).

[@GeoFry3]

@goldenretriever6261 the wheel bearing is pressed into the brake drum. It didn't have a separate part for the lugs and bearings. I've never seen that kind of setup on anything else.

[@Triggernlfrl]

The big change was the downfall of reliability. Have a 7 gen civic and after 250k km a lot of stuff broke. Had before a 6 gen with 340k km on it while it was still practical original.

[@vapecatt]

Government regulations and incentives make a big difference.

[@genius1a]

7:57 the skateboard design approach was the priciple, that made the VW Beetle so cheap in the 1930ies. It were few bolts that held the upper shell on the huge platform that had the engine mounts and suspension mounts already built in. It could completely drive without the upper shell. It is the reason why so many futuristic film cars were built on the platform of the beetle . Nothing on top mattered, as long as there was a mount for the steering column and a gas tank mounted somewhere. The military car Kübelwagen was also just another shell mounted on the Beetle platform.

[@matneu27]

Not only the beetle, also early Mercedes where built as drivetrain frame for custom chassis from separate manufacturers. There are some stories that told that the motorized frames were driven by a guy sitting on a beer crate from the Mercedes plant hundreds of kilometers to the custom chassis manufacturer.

[@johnfaris5376]

I think the bug is the smartest vehicle ever built. Uniform, simple, ingenious. A return to that concept is mandatory

[@genius1a]

@@johnfaris5376 The Beetle design was genius for the 1930ties, perfect for the 1950ties, Meh for the 1970 ties and hillarious for the 80ties. I've driven a mexican straight window example with drum brakes. (Resembles the 50ties Beetle era pretty well) This was sold in numbers in Austria as "Sparkäfer" (Bargain Beetle) in the 80ties. It was really cheap, drove pretty fast, but the brakes were the worst I've ever experienced in a vehicle. They worked as designed, but from 120 kmh to 80 kmh slowing down took really far to long for my taste. My Daf 66 from the 1970ties would have stopped in a third of the distance. Plus the Beetle trunk is nothing I would root for. That said, there are some fetures that would be perfect in this day and age as well: The round shape at the front helps to use tighter parking spaces, the cheap interior helps getting manufacturing costs down and works fine. The skid design helps for cheap manufacturing, the basic and durable design of the engine could be a nice idea for modern drivetrains.

[@johnfaris5376]

@ what other car do you see still driven on city streets, raced in the desert and on drag strips? Had they gone to FI, disc brakes and ac the bug would still be produced today. I have 3.5 of these cars and hold them in the highest regard for still being viable in a variety of uses, 100 years after their design

[@genius1a]

@@johnfaris5376 I agree, Beetles are fun to drive, easy to maintain (if you know how to do it) and pretty charming from outside. We run a Type 82, the engine runs like a clockwork and sounds like music (two sperate exhaust pipes even make it sound stereo). Just not as an everyday car for me.

[@gecko2000405]

The government is clearly to blame as well. You can't get a port injected non turbo car anymore, let alone a manual. Buick now has a 3-cylinder turbo with collaboration with the Koreans? I'm sure that will be as reliable as the 3800 engine. It's all about emissions while India has a growing middle class and could care less about pollution. Toyota will be fine. While Holden did have a hideous GTO, the quality of the car was much better than the vehicles made in North America.

[@seanocd]

Hey, hold up on the Monaro slander! The V2/VX Monaro is a great looking design, that was trashed by the Pontiac GTO front end redesign. The Yank's fiddling and rebrand was what made the "GTO" unappealing, there was nothing wrong with the vehicle itself.

[@JamesOversteer]

This. They force emissions regulations on us while India and China have billions of people. They could BAN cars in the entire west and nothing would change at all. They just penalise and destroy our industry intentionally… Why? Follow the money!

[@Sakhmeov]

Word to you both. I went and got myself an old Firebird, precisely because aside from the miseryguts emissions-era engine, easily replaced, it is otherwise such a nicely set up car when you get down to it. Beats all this modern Fisher Price horsedung by leagues. RIP Pontiac, you will be missed.

[@alanhowitzer]

GM, Toyota, VW all great car companies. I don't want them to go away.

[@patlafont130]

I have spent 53 years in the automobile business open my first Used car operation in 1972 when the new car business in 1975 went back into the Used car industry in 1991. I’ve made it my life work understanding the American car market I have done wellI watched Tesla thought it wouldn’t work. No one else had ever survived and then when I finally realized thank God from KZbin videos that there’s no stopping this man. I started buying Tesla shares for me. It is clear as the hand in front of my face.

[@bluetuna1242]

When did you buy your Tesla shares? I think we are still early

[@777skypilot]

This doe not even account for AI, robotics and Cybercab (not counting DOJO, energy storage, etc).

[@williamcrowley5506]

And going to keep buying them for the next year.

[@ouethojlkjn]

Elon Musk and Tesla have done What China have done. They knew they couldn’t compete directly so they side stepped internal combustion and started with electric vehicles. Everyone was on the same playing field. As far as Tesla is concerned, their cars are now electronic vehicles. This is what the entire industry missed they thought they were just building electrified versions of internal combustion. In the same way your smart phone is not a mobile version of your landline home phone…

[@dscarty]

@@bluetuna12422019 & that wasn’t early. The most critical time was December 2018 when Tesla (& SpaceX) almost went under.

[@bgebbq314]

Your points about the American auto industry in general, and G. M. in particular are correct. Many of those same things apply to Boeing as well. The MBA mentality+the Chicago School of Economics ("the hollow company theory") are the bane of American manufacturing prowess.

[@tylr3669]

You are describing every major established industry. Oil and gas, health care, cars. Thus it isn't a corporation problem, it's a government problem.

[@aaronchavez5335]

I have trouble seeing how the government is forcing them to cartelize. The government subsidizes them because they threaten to leave otherwise- the government is not colluding with them, they're being held hostage by them.

[@635574]

More like the ship has already crashed, its just taking up water takes some time.

[@markrichardson8382]

As an Australian, you've just opened my eyes to the depth of corruption and greedy of money. The last Ford falcon made here in Australia was a goddam marvel with 4 litres of turbocharged power.

[@ConnectingODots]

I was more of a Holden guy, but agreed about marvel. Would love to get my hands on a late model falcon ute. While I'm unaware of Ford's (mis- ?) management of Australian unit, I would not be surprised to hear that like GM, transfer pricing made them seem less competitive than they were

[@luciusael]

Why do cars have to have infotainment equivalent to smartphones and other consumer electronics..?

[@SteveLomas-k6k]

The sooner the mandates are axed the better, when people are allowed to build and buy the cars they want again, the problem will vanish overnight. Nobody makes money selling EVs, it's all about subsidy, and the CCP was always going to win that contest, let them have that albatross while they can afford to keep it pumped.

[@kylebeetham3679]

Clean air mandates will never go away, air pollution is one of our biggest killers. People won’t be allowed to spew toxins into other people’s lungs in the future and most reasonable people don’t want to pollute

[@SteveLomas-k6k]

@@kylebeetham3679 If I really believed my gas car was poisoning me and my family, I wouldn't use it. Neither would most reasonable people, and so there would be no need for mandates. We probably inhale way more 'toxins' sitting around our campfire or grilling burgers- nobody cares. Most reasonable people don't want to live their entire lives being afraid of everything.

[@airplanemaniacgaming7877]

@@kylebeetham3679 Then target the biggest problems: Other fucking countries. We have our large amounts of pollution axed down, and we dont get to see the benefit of it. Europe does. We get India and China's shit air from the constant increase of pollution from them.

[@Windstorm7x7-wl8ko]

Sad, Angry..... I'm laughing my you know what off. These arrogant, insular, selfish, short sighted, A.H. are reaping what they've sown. No what's to be sad and angry about is that those who are responsible won't face the consequences. They'll likely retire rich, write some book of excuses why it's somebody else's fault, or blind fate that it happened. The general public should realize this, and not give them any validation by buying into such tripe.

[@Project2013B]

Tesla might of taken risks, but they had government EV rebates to back them up.

[@danieldimitrov9969]

as every other car manufacturers 😂 😂

[@macioluko9484]

You can’t make this shit up. Even before Tesla began, you could clearly see how far ahead GM would be today if they followed through with their EV platform and just bi annual improvements

[@martingardens]

Or Ford followed up with its 1999 Ranger EV. I didn't know it existed until I saw one for sale locally last year. Kicking myself that I didn't pick it up as part of the narrative.

[@Windstorm7x7-wl8ko]

I can't remember whether it was the great American Race, Car and Driver, or another program but do remember back in the 1980's demonstrator electric vans beating traditional ICE vans in a race. That should've been the wakeup call then that it was time to start working with sustained effort on the technology. Did they do that? No! Ev1 was the only one that any of them made any real effort on and ended up scrapping the whole thing.

[@rickkristofek5296]

Yes, but in All these years the growth of the ev market has not expanded by much. The true issue is what is the resulting costs to full scale implementing of evs, the change in the support structure, grid, and the cost factor. Then reflect upon the motive for their design in the first place, to clean up the environment. They won't succeed in that at all. Add on the majority of Americans just don't want them.

[@jwvandegronden]

@@Windstorm7x7-wl8ko I do appreciate hindsight is 20/20, so not everything is absolutely obvious when you are in the thick of it, but peak oil has been a discussion for ages, so is the climate and the need for a progressive and agressive development of new technology. This video displays the corrupt complacency and the counter productive incentives leading the car manufacturers. I mean, diesel gate is as shameful as they can get. Don’t get me wrong, I love diesel engines, I always preferred them over petrol cars. And still now I wouldn’t opt for an EV simply because it doesn’t add up yet. Now. If they would have focused more on EV’s from the get go, all challenges in the EV equation would have been addressed sooner. Currently both grid and distribution wise in Holland are lagging, no grid upgrades for power storage etc. And we make too many miles per person per year (weirdly inverse because the small size of our country people don’t move for their job anymore and instead commute for at least an hour for most people by car preferably and most cars do easily 30k km a year so when offered to second hand market most cars already have 120.000 at least under their belt (pun intended) But as soon as the grid and the taxation of cars is ironed out, and we have a grid 2.0 I would love to drive an EV. For now I settled for LPG, and next will be plug-in hybrid.

[@6Sparx9]

Trying to blame diesel gate squarely on car manufacturers without putting it in context of the aggressive government push first to adopt diesel and then to more and more strict emissions standards is crazy 😂.

[@richinvancouver3100]

So messed up that Mary Bara made it to 9th on innovators of 2024 list with Elon at 1 and Jensen at 2. You did it Mary you lead

[@zoransarin5411]

You have to wonder how she gets 9th place. If the company has less innovative capability today than it did 25 years ago, how does that work?

[@ConnectingODots]

I almost asked if you were kidding regarding Mary being on that list. The I remembered who compile this kind of lists, amd yeah, it figures. SMH

[@davidbeppler3032]

"You did it Mary, you led and it matters." Was the reason Biden stepped down and Kamala lost the election. Democrats care when you lie to them. WE are not Republicans. Lying don't fly.

[@Kris_Stiletto]

Last time the U.S. Tax Payer bailed out the U.S. Auto Industry, they repaid the Tax Payer, for their help, with Vehicles so expensive, the average Working Class, U.S. Citizens, cannot afford a New Vehicle anymore... So, I say, let them be on their own!

[@dochi1958]

Actually the US government had to "write off" 5 BILLION of GM's debt. Not sure about the others. But no fear, our corrupt government (BOTH parties) will bail them out again (big donors you know) at the people's expense, just like ALWAYS happens.

[@dknowles60]

gm never repaid the fed Gov for its bail out

[@idahorx1]

The death of GM was born with the ascension of Roger B. Smith to CEO. The beginning of the end.

[@citylimits8927]

The end had already begun when Smith took the reins. They had already produced lemons like the Vega, Chevette, Astre, Monza, Sunbird, etc. But the cars during his era were indeed the worst.

[@idahorx1]

@@citylimits8927 Same was true of every manufacturer at that time. The low point of the auto industry.

[@andrewvercillo7584]

I really hope we don’t give GM a dollar! There will be a lot of people that lose their jobs, but they will find something! Soon Americans can afford transportation!

[@jarheadmarine5655]

You find something at 50+ years old hahaha

[@andrewvercillo7584]

I’m sure you will land on your feet. The brass at these companies have stole so much value from us poor Americans. I almost lost my life savings multiple times on vehicles. Spend all the money I had on one and then it blows up and had no value!!! Buy a Tesla and you will save money! Will hold value. No maintenance! Legacy auto could have sold us vehicles that didn’t break but they were bleeding out very dollar out of us. They make 80% of their money on parts and repairs. The dealerships are even worse!! I feel bad for people that haven’t found Tesla yet! Good luck!

[@davidbeppler3032]

@@jarheadmarine5655 If you are 50+ years working a GM Union job and have not paid off your house, cars, boat, second home, rental properties, and put all your kids through schooling... what have you been doing?

[@jeffschueler1182]

@@andrewvercillo7584Absolutely true and well written 💯

[@Oldcarnut63]

Really when you limit competition prices go up so prices will only go higher

[@lonniesmith1533]

I want a vehicle that costs less than my house. I want a vehicle that I can work on myself without a degree in computer science. If someone would offer a base model truck, keeping the price affordable and making it simple and reliable, they would sell. Government regulation has forced the auto manufacturers to produce vehicles that are so expensive that most people are priced out.

[@dknowles60]

Yeah

[@fiddlerJohn]

29:10 "Alan Cocconi, key developer of the GM impact prototype that became the ev1, left to found 'AC propulsion' whose TZero inspired Tesla's creation."

[@fiddlerJohn]

Ichii-san: "Where there is arrogance, there is opportunity."

[@iandavies4853]

@@fiddlerJohnAsian business watches for opportunities, we cover our R’s.

[@Dankmemeslover69]

While I agree that some major manufacturers are reluctant to innovate, I cannot agree that electric vehicles are the future. There is no city in the world that can support a full transition to EVs. Instead, the real future lies in renewable fuels, and thankfully, Porsche and Audi are working on this behind the scenes.

[@mrguest3749]

Yeah noticed that, the video was a bit too focused on EVs other than anything else about innovation. Toyota for example has innovated on the hybrid platform and made it extremely efficient, toyota has seen that charging infrastructure for ev is not their yet so they will for the time being focus on hybrids.

[@nicnadu0515]

Who cares about innovation 1990s and 2000s had the best cars by far

[@ThomasPCGuruENGINES]

Toyota in the 1980s was a beast. I had a 1986 Celica with 3SGE motor, 4 speed electronic auto with two overdrive gears with lock-up torque converter, electronic fuel injection and a TVIS Toyota Variable Intake System. You could get TEMS Toyota Electronically Managed Suspension, but that car with 4 wheel independent standard passive suspension could just dance up and down a canyon, it was a thrill, a genuine 200KPH car. More power, reliability, performance for cheaper than any other country automakers could build, even the Germans. Imagine driving one through Moscow in 1986...or Detroit. And in 1986, every Japanese salaryman could afford that or a Corolla GT

[@tah6746]

I am happy with My 2006 VW Jetta with a Manual Transmission. I am less and less interested in New Automobiles these days.

[@AnthonySheehan]

Wait until you allow Chinese cars in to the USA. You can get bloody great cars with all the tech with a 7 year unlimited Km warranty for about AU$25,000 / USD$15,542. Question is do you protect the USA car industry at the expense of the consumer? I don’t have the answer as in Australia we lost our car industry years ago and so far apart from the ego of not having our own car industry we don’t have to pay such high prices as the USA.

[@piotrd.4850]

How about actual car with NONE THE "TECH"?

[@AnthonySheehan]

@ at an end of year sale you might get and additional 2 or if you’re lucky 3k off. There isn’t hardly any margin in the MSRP. Keep in mind most of the Chinese vehicles we get have most the tech as standard. Most come with a 5star ANCAP safety rating. The cheaper cars come with cloth seats, no sunroof and plugin CarPlay instead of wireless. Keep in mind the cars I’m referring to are generally mid sized SUVs not the size of the trucks which the Americans seem obsessed with. The Chinese trucks have all the tech too and for a top of the range you are looking at AU$40k or USD$24,868. The prices above are the out the door price. 😊

[@Ziegfried82]

@@AnthonySheehan the main barrier for EVs in the USA is how far Americans drive. That's why pure EVs will never be mainstream in the USA. A Federal nationwide mass transit program would be the correct path forward not ridiculous stuff like this.

[@00_UU]

@@Ziegfried82 did you ever live in the USA? The issue in the US is urban planning and zoning laws. The US is built in continuous suburbia, there is absolutely no way efficient public transit can exist when there are enormous street blocks in every city with strip malls sprinkled on every corner and empty spaces miles long. It takes 10 minutes to drive, 45 minutes to take a bus, if one exists, and around 70 minutes to walk one way. American streets are also empty, there are no places to hide from the rain or coffee shops to walk into, if one chose to walk home from work. Americans also believe using public transportation is only for extremely low income people, so taking a bus is also an image issue and a safety issue.

[@longmuskox4194]

The trains came directly to the plant in Lake Orion, MI where the Bolt WAS made and the Silverado EV continues to get indefinitely delayed with tax deferments. But, those tracks were shut down many years ago. Since then, it was the Semi-Trailers that beat-up the local roads with vehicle transfers. That area around the GM plant was notorious for pothole blowouts with tire accidents. Just ask Dirty Tesla, he used to live in that area before buying his current house.

[@sumerfun01]

No informed car buyer wants your over engineered smart cars..if American automakers produced an inexpensive, simple and efficient car with a pick up and van variemt they would sella shit ton of them... manufacturers have gone backwards, the Datsun b 210 and Honda cvcc of the early eighties got almost forty miles per gallon with a simple ignition and carb...

[@Wallaby99b]

This was an incredible video. There is so much with regards to Holden. The government subsidies were extremely high, wages were out of control. A person straight out of school just working in the store was on over 80$ k. There was one supervisor per 4 workers . Highly unionised. There used to be bound to be a lot of stuff people on the inside know , but they had great engineers but incompetence from government, bosses at GM and unions. Instead of looking at the long term it was all about the short term

[@lumtavon1952]

Agree. Government backed unions did create an incompetent monster, this closure was the best solution. Unions only did work for their member interest at the start, thereafter for their own pockets and power esteem!! Never seen such a rotten lazy mindset at workers all pumped up by crazy "leave" packages.

[@mt14l]

Not quite - sounds like you have been sucked in by the right wingers and union bashers - this guy hits it on the head with the subsidies and profit shifting. GM is a welfare company, who decided not to sell the commodore into markets that it was wanted. It was an embarrassment to GM that the Holden brand built decent cars, not the usual GM poor quality shitboxes...

[@alexlototzky8909]

@17:00 Perhaps it is not so honest of you to not at least mention the EV purchase subsidies and the carbon credits sales that Tesla has enjoyed during its rise

[@CaptBill69]

Interesting to me, plus Rings True. In 1969 our fav Autoshop teacher in SF Bay Area quietly told us about a buddy who gave a quote for supplying ball bearings to one of the big three. It was for a huge supply. That buddy was surprised his quote and readiness to supply was rejected for a different supplier. When he ask why, he found out he was rejected because his bearings quality specs exceeded the specifications they asked for. It was just a story our teacher asked us not to repeat. I remember that story from 1969.

[@dennisdill5771]

A close friend worked at a German based, world renowned bearing manufacturer. A very similar story that he told me. They made samples of a new wheel bearing for Ford and he tested them. Gave the test results to Ford. Who then said these are too good. Revise it to last only a little longer than warranty, and give us a better price. So, cheaper grease in the bearing, cheaper steel throughout, greater tolerances in the parts, a lower price, and the contract was happily signed by Ford.

[@macrumpton]

The EV1 story is that Rick Wagoner, then GM CEO, partnered with AeroVironment CEO, Paul MacCready, who had designed the first human-powered aircraft to cross the English Channel and set about creating an aerodynamic electric car. GM chief designer, Dennis Little, and lead designer, Mark Karki, were tasked with harnessing the aerodynamics of MacCready’s flying machine into a car.

[@williamelkington5430]

My grandfather worked in Ford's Highland Park plant in the 20s, 30s, 40s, and 50s. He retired in the 50s. Detroit was the innovation capital of the US in the first half of the 20th century--the richest or one of the richest cities in the US--like Silicon Valley is today. What you say is true. Tesla and Rivian will survive the coming flood of financial failures, here in the US. Most of the rest of the legacy manufacturers will fail. As to the China car companies, it's hard to say. Too much in the way of Chinese government subsidy action and tariff dynamics to know. Certainly BYD looks to have staying power, along with Geely and SAIC. But it's a little like the very early 20th century. Who could have predicted then which of the hundreds of car companies would survive?

[@davidbeppler3032]

Rivian is burning money and can't build/sell enough vehicles to hit economies of scale. Do you own a Rivian?

[@williamelkington5430]

@@davidbeppler3032 I do. Wonderful vehicle. R2 is their answer to the issue you raise.

[@KeithWilson-ch3cf]

GM has been screwing up for years their lastest moving their head orders. Leaving an iconic building in the dust.. it's all for profit. They never should have been bailed out in the first place

[@MongoosePreservationSociety]

found this channel a few months ago. THANK YOU FOR MAKING THESE VIDEOS

[@ConnectingODots]

Glad you like them!

[@bernardoalmeida9596]

No buyouts!

[@1.21Gigawatts_]

They paid back the loan with interest. Gov made money. It wasn't a bailout

[@6Sparx9]

No, car manufacturers who have been forced by actual or threat of EV mandates are owed compensation for the colossally terrible intervention into the market. We fked up by allowing the EPA and other federal departments to run our industry into the ground with regulation that then also got captured because they shouldn't have had such sweeping powers in the first place.

[@sekogasiskren9406]

​@@6Sparx9regulation always exists and it is also made for you not to drive into a tree. Regulations are pro-people, but you keep listening to pro-corporatist propaganda so they are left with a little more money for certain individuals to take in their own pockets instead of innovating paired with stock buybacks

[@davidbeppler3032]

Too late!

[@male42nfree]

Oh stop, Tesla, really? That car-became-cellphone-technology? Pay top dollar for a product that is almost impossible to repair? The product that has almost no resale value? The product when at end of life destroys our environment, that product? The main issue with American car companies is that they are building HIGH PRICED cars and truck that drive up their profit margins, cars and trucks that few can afford or want. Americans don't give a crap about technology. They don't want EVs. They want cars that are reliable and that they can afford. I guess you make the kind of money where you don't feel the economic devastation that the rest of us are enduring. -

[@archiewilson4943]

This is some kind of EV propaganda.

[@alexistarr]

EVs are not the future. The world switched to touch screen I phone and Android phones because they were better than what they replaced. Likewise in the switch from video rental stores to online streaming, and the move to jet/turbine engines in military, passenger planes and helicopters. EVs are inferior to internal combustion cars, except in a few tiny niches, such as the person who has off-street parking, can charge their EV at home and only uses the thing to commute a small number of miles each day to and from work. Manufacturers are being forced to sell this inferior product, which most people don't want because governments have been captured by the woke religion of climate change alarmism.

[@Marty1857]

Well -- EVs were pushed before their infrastructure was prepared, which is a large part of the problem. Energy technology in America is lagging because big oil companies don't want it. (Want to guess why?) We have three nuclear reactors currently being built in America, and they're dragging their feet, taking over a decade to construct them. We need about a dozen more to give EVERYONE in CONUS cheap, reliable electricity. Until then, we're still using coal and oil, primarily, to run generators, to make electricity, to power the voracious electric appetite of our modern culture. Hydrogen cells and EVs are the future; combustion engines will take more of a niche role… assuming the world doesn't tear itself apart in the next two decades!

[@Ziegfried82]

@@Marty1857 wouldn't it have been smarter to have the Feds build more nationwide mass transit systems than try to mandate completely impractical EVs? The US freeway/highway system is already clogged up due to lack of proper expansion, most cities refuse to build more roads. EVs do not fix the problems.

[@corrosivedevourer]

It's not the future, but the government and big corporations will force it on us

[@MrMSandin]

GM did the same to Saab

[@Fred_the_Head]

Automakers are hurting by producing high priced vehicles with ridiculously unnecessary and expensive digital technologies, government mandated CAFE regulations, and mindless preoccupation with electric vehicles.

[@brunosmith6925]

Excellent analysis and presentation... 100% on production and presentation. Definite subscribe.

[@ConnectingODots]

Much appreciated!

[@ntal5859]

One thing these people all miss... the younger generation just aren't driving, I mean up until the 90s all of us men and women got licences and drove your own car, this generation prefer scooter and ebikes and ubers.

[@hhal9000]

Very good point.I think the market for personally owned cars will shrink drastically as Robotaxis emerge.EVs is allready a done deal with a few players while autonomy could become almost a monopoly position for Tesla perhaps as early as the 2030s.

[@StevenSiew2]

How many younger generations can afford a car? Have you seen the price of a new car lately? How many hours of work equals the price of one car?

[@naps3386]

Rev Nation channel keeps pounding the table about the high cost of new vehicles. Tesla currently has a huge glut of model 3 and Y, and Cybertruck is becoming a monstrous flop. Price inflation is killing the industry.

[@AnthonySheehan]

Only because the cost of the cars these days and the cost of insurance is ridiculous. They are left with no other option.

[@k.scottphillips8933]

They will be happy eating bugs too 😂

[@george2pak]

There's many reasons why the car industry is failing. The main reason is government regulations. Personally, I would like to see more diesel engines than run on biodiesel. Cars that are more affordable, without safety and green regulations imposed by the government. For example: No EGR, No DEF, no tracking....

[@tommorgan1291]

Now 90 years okd. But I use to have a motorcycle shop so I would go to shows. I noticed companies like Honda, Kawasaki etc. Would have display areas with employees showing off their products but also welcoming questions such as getting the customers wants and dislikes. But not Harley or Indian! the Europeans also never asked questions. Perhaps not knowing and not wanting to know what the customer wants is central to the USA car industry?

[@Marty1857]

The arrogance and indifference of most large American companies is definitely their downfall.

[@amduser86]

German manufactures useually just send the stuff to USA that does not fit our standerts. Most german companies just do not care about the USA and see it as the place for low quaility porduction and hence we tend to send the low quaility stuff there. We have our own problemes right now and Mercedes might not survive. But BMW and VW are doing just fine. Both comapneis are basically family owned and thus interrested in a long percpetive, while mercedes is run by bean counters. VW is in crisis mode despite having cash and still beeing profitable and BMW actually has not major problemes. The next 3 series will be most likely be electric and finally look descent again. p.s. BMW motorcycle at least innovate, compared to the japanese. The last interresting bike out of Japan was the Kawasaki H2 and for Kawasakit the motorcycle buisness is more like passion prodject. At least compared to Honda, Yamaha and Suzuki. To be fair, Suzuki earns more with cars in central Asia and Afrika, and the bike devision just recycles old stuff from the glorry days. Honda just lost it, with both the car and bike section of the comapany and Yamaha also only build old tech from 10 years ago ...

[@terencemangan9193]

Love your work. Yes, would love to hear more on the demise of Holden.

[@JeffreyWallk]

Profit driven innovation delivers short term return while Value driven innovation delivers sustainable returns. The first relies on exploitation of resources and customers while the second relies on empowerment of resources and customers.

[@LinzDubNZ]

Brilliant video, thank you. It makes very clear what I think very many people know but avoid thinking about. I also think much of the same malaise applies to Boeing, but that's another story.

[@woodyhunt]

Absolutely the same story. The best engineers used to rize through the ranks and become the president's and CEOs. Now we have 747s not flying so good.

[@calglider13]

You are so right!

[@michaelklein8105]

By having labor repeat the same mundane task over and over you make the workers just a component of production with little pride in what they produce,

[@syamsulalam6993]

but that drives cost down, the true designer is the engineer anyway. low skill worker is not engineer.

[@royh6526]

@@syamsulalam6993 Partly true. Tesla has empowered every person in the company to provide suggestions and improvements within their experience. Lots of improvements from these people.

[@alanhowitzer]

The government is subsidizing Tesla sales. You're saying that they don't subsidize Tesla!

[@LinuxGalore]

Only three, go see the size of BYDs lineup, everything from small EVs right through to campervans, buses and small trucks to semis. Rivian isn't even in the same league as BYD. BYD also make their own batteries, even Tesla use BYD blade batteries outside the USA. BYD also have sodium batteries going into production, non of the US big players have sodium batteries in testing let alone full production.

[@rjbiker66]

BYDs real innovation is it's HEV and PHEV drivetrains BYD Shark 6 truck is a prime example.

[@aps125]

China is far ahead of everybody else in term of battery, EV motor, software, etc, with Tesla being the exception. Rivian and Lucid are chasing high end niche market and they won’t survive in the long run. BYD leads Tesla in certain technology (battery for example) but lags in software. American companies still dominate in automotive electronics, especially AI chips behind FSD/autonomous driving feature. But for how long, that’s an open ?

[@camsmith4047]

​@@aps125tesla leads in manufacturing excellence and design making the most efficient EVs in the world at a profit, nobody else is close

[@stennordenmalm1735]

Well, the truth is that today Tesla is going downhill in everything.

[@malcolmcerfonteyn1248]

The Reckoning by David Halberstam published in 1986 warned of this. But the business school graduates won.

[@ConnectingODots]

One of my favorite books. Actually had more than one hardcopy of it.

[@1sinister80]

Im not sure ev's are the future. Cars need to get back to 00s tech. Those are your overall most reliable vehicles. BMW was the ultimate driving machine, not VW. Chinese cars are garbage. I wouldn't worry about them ever making anything substantial.

[@jimc.7121]

The Nissan Leaf may have been innovative, but its range was so dismally poor that we nicknamed it "The Boomerang Car" at CarMax. Whenever it was purchased, it was always returned within the initial few days return window where the purchaser could get all of their money back. No one wanted it after they quickly realized what a bad purchase it was.

[@sasapopadic384]

Any Nissan is total junk for long time...

[@airplanemaniacgaming7877]

@@sasapopadic384 except for maybe the old ExTerras. Those things were beautiful.

[@lumtavon1952]

Witnessing Elon s pay package was revoked I think someone should ask a judge to rate devil Bara's + board members package as well. Conclusion for me is she has to pay back all + interest as they ruined the prospects of all their colleagues.

[@m0d.]

Excellent video my friend. As a product planner in this field, it was already evident years ago. I'd wager the following: Those who have invested in govt regulatory and supply chain control would have bought themselves abit of time for one last move. Govt protection definitely hurt the brands, but did not necessarily hurt that country's economy, for it was govt protection that afforded the time for the economy to gain in other industrial benefits. Bailouts are only going to be a tool to lengthen the govt protection. And as Ichii-san rightly said.. where there is arrogance, there is opportunity. If those brands who want bailouts behave like its getting a rich kid loan for another useless move, well then dont be sad if they just go away soon. Looking back to how we currently have Ford, GM .. they were the survivors of the prior decades of multiple brands starting up back in 1920s. So the Chinese brands which have invested alot now will be still standing in the next 30yrs. . Like Nio, Xpeng, Li Auto etc. Like it was summed up.. Innovate or die.

[@ConnectingODots]

Thanks for the reply. Loved it. Ford is one of the only ones who sees to really try, Possibly because it's a family company that wants to keep going another 100 years

[@user-mk4fh2fq7p]

Wages and income levels have not been keeping up with prices. The majority of people are getting poorer in the last few decades

[@QuixoticCampaign]

Lucid, tesla, and rivian🤣🤣🤣🤣🤣 Let's go ahead and check the demand for those on the used market

[@JWoody-yc7bt]

They should have never been bailed out years ago!! much like the banking scams.

[@ouethojlkjn]

Yeah I cannot recall being as angry as I was when I watched the film "The Big Short" and right at the end it says "all the fraudsters went to jail - nah, just kidding". And now they are back doing the same thing more than ever, only this time it is auto loans rather than mortgages.