Union members will get hefty double-digit pay raises that are said to
cost GM nearly $7B over the next 4.5 years
6 week strike over $7B Think of the THIRY billion invested into money losing EV R&D for a product that the public doesn’t want, nor can afford, nor is profitable. What an epic corporate destruction of shareholder value. GM stock chart is a disgrace!
To make up for EV spending and strike wages, car prices only gonna head higher from here.
Substitute goods at play, but I think all costs passed down to buyer, in the end.
I wonder how elastic car demand is.
Need a car to work, it’s not like you just walk.
Used car market supply impacted by COVID supply for the next decade.
What are your thoughts on auto stocks future ?