CNBC | Why Automakers' EV Factory Investments Aren't Paying Off In The U.S. @CNBC | Uploaded September 2024 | Updated October 2024, 1 day ago.
Automakers aren’t selling as many cars as they used to, and the EV transition is a lot rockier and slower than some expected. This means there’s a lot of factory space in North America and around the world that is sitting empty and unused. Some companies especially challenged are Ford, GM, and Stellantis, Nissan, and EV makers such as Tesla and Rivian. That could mean billion dollar losses, job cuts, and chaos in the supply chain. Auto makers, industry analysts and even governments are adjusting expectations and trying to prepare for an uncertain future.
Chapters:
00:59 - Why automakers are losing billions on their factories
1:06 - Chapter 1: Factory utilization
04:25 - Chapter 2: EV transition
08:58 - Chapter 3: New normal
Producer: Robert Ferris
Editor: Andrea Miller
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Reuters
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Why Automakers' EV Factory Investments Aren't Paying Off In The U.S.
Automakers aren’t selling as many cars as they used to, and the EV transition is a lot rockier and slower than some expected. This means there’s a lot of factory space in North America and around the world that is sitting empty and unused. Some companies especially challenged are Ford, GM, and Stellantis, Nissan, and EV makers such as Tesla and Rivian. That could mean billion dollar losses, job cuts, and chaos in the supply chain. Auto makers, industry analysts and even governments are adjusting expectations and trying to prepare for an uncertain future.
Chapters:
00:59 - Why automakers are losing billions on their factories
1:06 - Chapter 1: Factory utilization
04:25 - Chapter 2: EV transition
08:58 - Chapter 3: New normal
Producer: Robert Ferris
Editor: Andrea Miller
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Reuters
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGB
Connect with CNBC News Online
Get the latest news: cnbc.com
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Why Automakers' EV Factory Investments Aren't Paying Off In The U.S.
