Europe and Germany in particular saw a nose dive in BEV sales last month and completely understandable with the ending of BEV subsidies, it’s like buyers woke up and s realised just how expensive BEV ownership is.   Its not just Ford seeing poor BEV sales in Europe, just about every other  EV manufacturer saw figures slide alarmingly. Amazing how  sobering  the effect of sales drying up has on auto company chiefs, it’s like they can see their whole world ending…..

Mexico’s president stated she will respond with similar tariffs on all US imports.  Also in the news were that higher costs will be passed down to consumers (buyers) according to some US companies.  I expect essentially all companies in time will do the same.

I am not the biggest Sandy Munro Fan,, but he makes significant observations about today's Auto Industry.    

There’s no winners in a trade war between USA Canada and Mexico, this time around both leaders know who Trump is and will act accordingly with their own tariffs   This is going to get interesting fast, expect clarification from 47 in the next few weeks..   Ford and GM must be worried at the moment.

Trump has said that he will implement these tariffs if there is not cooperation from Canada and Mexico to solve the illegal immigration and illegal drug (especially fentanyl) trafficking problems. I don't view it as a bluff but it is clearly a negotiating tactic and he will likely achieve some positive results.

That event didn't hurt EV sales in Illinois. By the end of Q2 2024, EV market share increased in that state to over 7%. In my home state of Indiana, EV market share is a lot lower at 4.43%  

Still waiting!!  

The companies are begging the President elect for stability and predictability with regulations   "In a previously unreported Nov. 12 letter to Mr. Trump, John Bozzella, president of the Alliance for Automotive Innovation, which represents 42 car companies that produce nearly all the new vehicles sold in the United States, wrote that in order for the auto industry to remain “successful and competitive,” it needed “stability and predictability in auto-related emissions standards.”"   "Virtually all auto executives expect electric vehicles to displace gasoline cars over time and if the American carmakers falter now, they risk being overtaken by carmakers from Europe and China."  

Fair point, but Jaguar are not that big. I would posit that McGovern has his needle in the well.

I often admire the creative designs and engineering from periods when they had to be more resourceful.  👍