RobertRyan wrote:
Yosemite Sam1 wrote:
RobertRyan wrote:
Yosemite Sam1 wrote:
GM is seeing the writing on the wall.
There are several countries banning diesel cars on cities.
No the Company buying it sees the writing on the wall as diesels will be part of the mix up to 2050 even in Europe. They are banning ALL ICE vehicles in some cities, not Diesel in the country
As I posted previously this appears to be the huge downsizing by GM to stay afloat, people buying the businesses can see potential for growth.PSA who bought Opel and Vauxhall turned those businesses around quickly. Now PSA is driving FCA into a merger and ironically make it more European
I wonder as to their timeline to get a reasonable returns on their investments.
In Europe, EV is outselling ICE whenever they can get their hands on.
When Cybertruck and Tesla semis hit the European market, that would definitely crowd out and displace their diesel commercial and consumer truck sector.
Basically No. Cybetruk is illegal in Europe. Tesla is a bit player like in the US. No EV's are not outselling anything. EV's are not demand driven, they are regulation driven.
What is not questioned is why the Punch Group is buying a supposed clunker, if Ev's are everywhere. If Diesels were supposedly unprofiable the Centre would be closed rsther than sold
This is just GM's way to put all their eggs in one basket. Pretty high risk strategy. Hopefully they do not go the way of Packard. Especially given electric is in its infancy and no guarantee it is not the rebound date of energy.
