this post was submitted on 12 Sep 2023
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This is gilding the lily. Ford and GM know they are screwed and are adopting a defensive posture in the hopes of recovery. Maybe they perceive retreat as a way to moneyball their resources - wait for the EU carnage to subside and step back in. But thinking that this is coming from a position of strength though is a nonsense. Ford and GM are are fucked in Europe, and China and they're getting out. I haven't seen any sign the same applies to Tesla.