Things are grim in the automotive industry right now.
First off, there’s a reason I didn’t put this story under my usual #Bidenomics Update, even though it has many components that are attributable to the brilliant Biden economic machinations that have brought us so many of our current difficulties. Not to mention, there are some uniquely American aspects to Stellantis’s problems. But this is also a global slowdown in manufacturing as well as a global climate cult political interference problem, and as much as I’d like, I can’t lay that all at POTATUS and Harris’s feet.
But I will dump on them a bunch as there is plenty of gloom to go around.
When was the last time you heard a chief executive talk about the state of their sector like this?
“The auto industry is in turmoil,” Stellantis CEO Carlos Tavares said to begin his interview Thursday with Bloomberg Television. “Looking at…
