Economy

Eugene

(61,896 posts) Thu Dec 13, 2018, 05:36 PM Dec 2018

Trump says GM shift to electric vehicles is 'not going to work'

Source: Reuters

BUSINESS NEWS DECEMBER 13, 2018 / 1:46 PM / UPDATED 33 MINUTES AGO

Trump says GM shift to electric vehicles is 'not going to work'

David Shepardson, Lisa Lambert
3 MIN READ

WASHINGTON (Reuters) - President Donald Trump on Thursday said General Motors Co’s (GM.N) decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.

GM last year said it planned to launch 20 new electric vehicles by 2023 as it faces rising regulatory requirements for zero-emission vehicles in China and elsewhere.

The largest U.S. automaker has come under enormous criticism in Washington after it announced on Nov. 26 plans to close four plants in the United States and cut up to 15,000 jobs in North America.

Trump questioned GM CEO Mary Barra’s business strategy in an interview with Fox News.

“They’ve changed the whole model of General Motors. They’ve gone to all-electric. All-electric is not going to work ... It’s wonderful to have it as a percentage of your cars, but going into this model that she’s doing I think is a mistake,” Trump said.

-snip-

11 replies

= new reply since forum marked as read

Highlight:

Trump says GM shift to electric vehicles is 'not going to work' (Original Post) Eugene Dec 2018 OP

Who cares what you think, asshole Ohiogal Dec 2018 #1

Which makes one wonder why Reuters thinks this deserves to be reported. TreasonousBastard Dec 2018 #5

+1. Besides, if in five years, electric cars replace 15%, or even 10%, of gasoline cars ... Auggie Dec 2018 #8

Well that's good news for GM underpants Dec 2018 #2

So glad to have an expert idiot who knows better than the generals, the economists. the scientists, Doodley Dec 2018 #3

Yeah, the Saudis won't like it. LisaM Dec 2018 #4

Which in reality it really means duforsure Dec 2018 #6

If electric cars were lower priced I 'd own immediately ! kimbutgar Dec 2018 #7

They will be. A HERETIC I AM Dec 2018 #10

Yeah! GM should be using coal . . . . . . no_hypocrisy Dec 2018 #9

Fast chargers are on the way: 100 km (62 miles) in 3 minutes progree Dec 2018 #11

Ohiogal

(31,999 posts)

1. Who cares what you think, asshole

Reply to Eugene (Original post)

Thu Dec 13, 2018, 05:40 PM

Dec 2018

Your business acumen ain't the greatest ....

TreasonousBastard

(43,049 posts)

5. Which makes one wonder why Reuters thinks this deserves to be reported.

Reply to Ohiogal (Reply #1)

Thu Dec 13, 2018, 05:44 PM

Dec 2018

Auggie

(31,169 posts)

8. +1. Besides, if in five years, electric cars replace 15%, or even 10%, of gasoline cars ...

Reply to Ohiogal (Reply #1)

Thu Dec 13, 2018, 08:38 PM

Dec 2018

it's a HUGE victory.

underpants

(182,803 posts)

2. Well that's good news for GM

Reply to Eugene (Original post)

Thu Dec 13, 2018, 05:41 PM

Dec 2018

He's a moron

Doodley

(9,091 posts)

3. So glad to have an expert idiot who knows better than the generals, the economists. the scientists,

Reply to Eugene (Original post)

Thu Dec 13, 2018, 05:42 PM

Dec 2018

the judges, and captains of industry.

LisaM

(27,811 posts)

4. Yeah, the Saudis won't like it.

Reply to Eugene (Original post)

Thu Dec 13, 2018, 05:44 PM

Dec 2018

GM must only consider the Saudis when making business decisions, after all. Oh, and I guess Putin has some oil interests, too.

duforsure

(11,885 posts)

6. Which in reality it really means

Reply to Eugene (Original post)

Thu Dec 13, 2018, 05:57 PM

Dec 2018

It'll be very successful . Everything trump says think the opposite, and you'll be closer to the truth

kimbutgar

(21,148 posts)

7. If electric cars were lower priced I 'd own immediately !

Reply to Eugene (Original post)

Thu Dec 13, 2018, 06:09 PM

Dec 2018

Shopped around for a new car last year and the electric cars were out of my price range and I didn’t want to put myself in big debt. If they got around $25,000 it would be charging in my garage right now.

A HERETIC I AM

(24,368 posts)

10. They will be.

Reply to kimbutgar (Reply #7)

Sat Dec 15, 2018, 06:02 AM

Dec 2018

And a lot sooner than you might think.

no_hypocrisy

(46,104 posts)

9. Yeah! GM should be using coal . . . . . .

Reply to Eugene (Original post)

Thu Dec 13, 2018, 08:42 PM

Dec 2018

progree

(10,907 posts)

11. Fast chargers are on the way: 100 km (62 miles) in 3 minutes

Reply to Eugene (Original post)

Sat Dec 15, 2018, 09:12 AM

Dec 2018

https://news.yahoo.com/porsche-presents-ev-fastcharge-solution-111301039.html

Porsche presents EV ‘FastCharge' solution, AFP Relax News, 12/14/18

The automaker Porsche has presented a prototype charging station in Germany with an output of up to 450kW. It can be used by electric models of all brands compatible with the European standard Type 2 variant of the widely used Combined Charging System (CCS). It promises charging times of less than three minutes for the first 100km range.

The charging capacity of the new "FastCharger" is three to nine times as high as what is currently available via DC rapid-charging stations. Increasing the available charge capacity to up to 450kW considerably reduces the charging time, in turn increasing the number of vehicles able to use the technology in a given space of time.

... Launched in July 2016, this "FastCharge" project is developed by a consortium including Porsche, BMW group, Siemens, as well as operators Allego and Phoenix Contact E-Mobility.

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