The US automaker has weathered a difficult EV transition, announcing US$19.5 billion in charges to overhaul its strategy Read more at The Business Times.
Its not collusion. They just can compete against Japanese and South Korean brands in this segment so all the R&D money designing and building compact cars was going to waste. People would rather buy a Civic or Corolla than a Cruze or Focus.
It’s no like they’re forcing people to buy bigger cars especially considering these brands already make up a minority of sales in the US.
CEOs have repeatedly told media they have no interest in lower margin vehicles. So they chose to hand this over to China.
Ford stopped selling cars completely, because trucks are cheaper to make because they loophole safety standards and peope pay more money for something that is big.
I’ll disagree, personally I’d have bought a Mondeo over a VAG wagon in a heartbeat if they still made them. I got talking to a salesman at my local dealership and the sentiment is basically “no-one really understands what they’re doing, they’ve stopped making all the cars that sold well”
No doubt there are outliers, but sales figures show that German brands (and Tesla) dominated sales in the EU while the Mondeo was still around. Here in the US, this segment is dominated by Asian and German brands as well which leaves little room for companies like Ford or GM to compete, especially when this whole segment shows declining sales year over year. They sell far more trucks and SUVs which is why those have become their focus. Why spend billions to build a car that only earns you millions?
Stellantis does make affordable vehicles though… in Europe…
They own Peugeot, Citroën, Fiat, Opel, etc and they have been making great affordable EVs for a few years now.
Stellantis in the US and Stellantis in Europe seem like two entirely different entities that don’t talk to one another.
Stellantis brought the 500 over and it sold very well first three years, the problem was the car was garbage and in the end, they sold 23 in one quarter. You can’t fuck people over and expect them to buy the same garbage over and over, that only works for Jeep buyers.
Stellantis, GM, Ford all colluded to stop making lower cost vehicles.
Its not collusion. They just can compete against Japanese and South Korean brands in this segment so all the R&D money designing and building compact cars was going to waste. People would rather buy a Civic or Corolla than a Cruze or Focus.
It’s no like they’re forcing people to buy bigger cars especially considering these brands already make up a minority of sales in the US.
CEOs have repeatedly told media they have no interest in lower margin vehicles. So they chose to hand this over to China.
Ford stopped selling cars completely, because trucks are cheaper to make because they loophole safety standards and peope pay more money for something that is big.
I’ll disagree, personally I’d have bought a Mondeo over a VAG wagon in a heartbeat if they still made them. I got talking to a salesman at my local dealership and the sentiment is basically “no-one really understands what they’re doing, they’ve stopped making all the cars that sold well”
No doubt there are outliers, but sales figures show that German brands (and Tesla) dominated sales in the EU while the Mondeo was still around. Here in the US, this segment is dominated by Asian and German brands as well which leaves little room for companies like Ford or GM to compete, especially when this whole segment shows declining sales year over year. They sell far more trucks and SUVs which is why those have become their focus. Why spend billions to build a car that only earns you millions?
Stellantis does make affordable vehicles though… in Europe…
They own Peugeot, Citroën, Fiat, Opel, etc and they have been making great affordable EVs for a few years now.
Stellantis in the US and Stellantis in Europe seem like two entirely different entities that don’t talk to one another.
Stellantis brought the 500 over and it sold very well first three years, the problem was the car was garbage and in the end, they sold 23 in one quarter. You can’t fuck people over and expect them to buy the same garbage over and over, that only works for Jeep buyers.