It’s Getting Harder To Understand Why Automakers Are Placing Big Bets On Electric Cars

The production halt will only last for a week at Ford’s Kansas City, Missouri plant, although it will idle three other plants for a period of several weeks. Buick not only posted a retail sales increase of 7{c0ab263b3175d981033b17d6eec654a369e659a5af23b80a9510e95dedf16ccb} last month, its best October since 2003, but it was also the first American auto brand to crack the top three in Consumer Reports’ Car Reliability Survey rankings since the survey began in the early 1980s.automaker

That’s because in 2018 Beijing plans to introduce a carbon trading scheme, similar to California’s, that will force automakers with sales topping 50,000 to produce EVs locally. On the other side of the scenario is the fast-rising Japanese automaker – the Toyota Motor Corp. Let’s take a look at the current automotive climate and what the three automakers must do to win federal bailout approval. In December 2008, it received a $6 billion bailout from the …