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ACDC8
Posts: 8778
Joined: Thu Mar 10, 2005 6:56 pm

Re: Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Sat Mar 26, 2022 6:34 am

M564038 wrote:
American car manufacturers invest far from enough in EVs compared to the rest of the world.
As an example: VW are already far ahead of GM on the EV market and a whole generation ahead on already developed models. Yet, they are spending nearly twice that of GM’s american “record investment ” in the period towards 2025 on EV R&D.

It is all dwarfed by the chinese of course.

Say goodbye to the American auto-makers a part from Tesla.


The US auto-makers are doing just fine doing what they do best, building pick up trucks and SUVs that outsell any car on the market year after year.

Manufacturers like VW are farther ahead with EVs because they sell a lot of vehicles in markets where there is actual demand for EVs, the Big 3 in the US do not.
 
pune
Posts: 1532
Joined: Tue Feb 12, 2019 9:18 am

Re: Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Sat Mar 26, 2022 6:45 am

ACDC8 wrote:
pune wrote:
Was reading an excerpt of this today, seems the fossil fuel car manufacturing industry can't pay its workers enough -

https://www.freep.com/story/money/cars/ ... 417596002/

Meanwhile, the Chinese EVs are about to hit the U.S. Australia, and other markets, and any guesses who would win. At roughly around 20k USD or around that per car. Guess who is going to win. Even with import taxes of 10% and above.

Who cares about the working American, right? Cheap Chinese labor for all - hooray!


That is going to be there as well as automation, some things you cannot stop. that but you need policies that can lessen the issues. Elon Musk shared some -

https://www.msn.com/en-us/money/markets ... ar-AANxXvG

But most people don't like that. The end result is the above. If somebody can go to a mall and get higher wages doing less intensive work, why would s/he stick around? Also, tells that the Unions have been compromised otherwise why would they have bad deals for their own workmates.

Meanwhile, in Giga Berlin, Tesla gave around 50 cars to its employees who would be working at Giga Berlin. While no details were shared at the opening ceremony, it is assumed that they got the cars at heavily discounted prices. Also, employees of Tesla get stock options from day one. Even in the Chinese, quite a few of them give stock options and whatnot to their employees. They also give health insurance and other benefits to their employees. There is a well-known Twitter war between Mary Barra and Elon Musk, think it started with an ad and Elon responded. The argument ended in Musk's favor.

I think what the above is showing is the use and throw mentality. With the change of technology as well as HR and the pandemic, the companies aren't able to adapt and that's the reason the above is happening.
 
MohawkWeekend
Posts: 1912
Joined: Tue Jan 08, 2019 2:06 pm

Re: Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Sat Mar 26, 2022 3:05 pm

Tesla's dirty little secret: Its net profit doesn't come from selling cars
https://www.cnn.com/2021/01/31/investin ... index.html
Tesla's 2021 Profit $5.5 billion dollars https://electrek.co/2022/01/26/tesla-ts ... l-results/
Most of Tesla's profit came from selling emission credits and bit coin sales

Ford 2021 Profit $10 billion dollars https://www.freep.com/story/money/cars/ ... 653096001/
GM 2021 Profit $10 billion dollars https://www.freep.com/story/money/cars/ ... 289819002/
Stellantis 2021 Profit $15.2 billion dollars https://www.autonews.com/earnings-repor ... llion-2021
 
MohawkWeekend
Posts: 1912
Joined: Tue Jan 08, 2019 2:06 pm

Re: Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Sat Mar 26, 2022 3:13 pm

And Pune before you say GM made all their profit in China -
" GM Largest Revenue Streams Came Not From China But USA". https://stockdividendscreener.com/auto- ... ss-margin/

Excerpt - "Due to GM not owning more than 50% of its businesses in China, all of the vehicle sales in China does not actually contribute to GM’s coffers in the form of revenue. As shown in the following snapshot extracted from GM’s Q3 2020 quarterly filing, GM’s equity income from China totals about $264 million for the 9 months ended on Sept 30, 2020."
 
User avatar
SQ22
Moderator
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Joined: Sat Feb 25, 2012 9:29 am

Re: Half world’s fossil fuel assets could become worthless by 2036 in net zero transition

Sat Mar 26, 2022 3:39 pm

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