Prediction: Auto Industry Headed For Financial Pile-Up as EV Sales Disappoint

referring to Many of those EVs, says the firm based on research, are destined to be unprofitable due to currently-high production costs, low sales volumes and intense competition. Democrats generally support federal subsidies for consumers who buy EVs and install electric chargers. Democrats have also driven higher fuel economy and emissions standards for the auto industry, which has pushed automakers to develop EVs. ��I don't know of a (business) that is making money selling electric vehicles unless you are selling them at the very, very high end of the spectrum," Marchionne said at a press conference Monday. AlixPartnersThe AlixPartners warning comes at a time when the firm is also projecting a slow-down in auto sales.

How This Woman Is Disrupting The Auto Mechanic Industry

Answers by Patrice Banks, Founder & CEO, Girls Auto Clinic, Author of Glove Box Guide, on Quora:Q: As an entrepreneur, what has been your approach to disrupting a very established industry? I believe I've created a solution to a large problem the automotive industry has not solved and only placed a band-aid on it. My goal is to have the auto industry follow our lead by hiring more women and putting them in positions of influence, power, and ownership. I was paid to speak at an automotive tech school to talk about women in the automotive industry and the 16-year-old boys did not believe I was a mechanic. Q: How does working at the Girls Auto Clinic transform a new female mechanic?

As Auto Industry Transforms, Ford and Volkswagen Consider an Alliance

according to Traditional automakers have faced increasing pressure in recent years from changed driving habits, the swift development of technology and emerging rivals from Silicon Valley. Volkswagen and Ford, two of the world's biggest carmakers, have announced that they are exploring a strategic alliance, possibly joining forces for an array of projects like the development of vans. "Markets and customer demand are changing at an incredible speed," Thomas Sedran, Volkswagen's head of strategy, said in a statement released Tuesday evening. But it raises the specter of some form of a tie-up as the two companies face a series of issues. In March, BMW and Daimler, two longtime rival German automakers, said they would merge their car-sharing businesses.

collected by :Catlin Logan