All is proceeding according to plan. You will own nothing and be happy.
In other words: "Hop on the bus, Gus," "Make a new plan, Stan...."(apologies to Paul Simon)
Via Stuff New Zealand, June 30:
One of Europe's biggest automakers warned after a landmark deal to phase out combustion engines that the industry is doomed unless electric vehicles get less expensive.
Stellantis is aiming to cut the cost of making electric vehicles 40% by 2030, Chief Manufacturing Officer Arnaud Deboeuf said Wednesday. The producer of Fiats and Peugeots plans to manufacture some parts in-house and also pressure suppliers to cut the price of their products.
If EVs don't get cheaper, "the market will collapse," Deboeuf said at the company's Tremery factory in France. "It's a big challenge."....
....MUCH MORE
Stellantis is the world's fifth largest automaker with 2021 revenues clocking in at €152 billion. It is better known for its marques than for the parent company: Jeep, Dodge, Maserati, Fiat, Alfa Romeo, Chrysler and others, and others.
Things were looking so promising, what with:
Stellantis: "Jeep Maker Will Plow $36 Billion Into Electrifying Lineup" (STLA)
When the Agnelli and Peugeot clans finally decide to place a bet they can wager very large stake...
....Higher prices + higher interest rates for folks who don't buy for cash, or lease, means the dream of mass-market electric vehicles is receding toward the horizon, which also means the economies of scale in traditionally powered vehicles won't be matched in EV's for a few more years at minimum meaning we see headlines such as this at Mining.com on June 23:...
