Commentary
After publishing my last edition, in which I opined on the decision by Mary Barra, as CEO of General Motors, to cave to the pressure of the Biden administration and overly commit her company to go all-electric, news of other carmakers to push back on EVs came to light.
While I did mention the drain on funds at Ford as it reported a loss of $130,000 on each EV produced, I have since learned that the bet they made on EVs, with its 2021 investment announcement of $7 billion to establish not one but two new battery plants in Kentucky, was a mistake. … read more



