BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.
The car industry execs should be laughing their heads off at naive bank execs assuming they know more about it than the car execs. Don’t they think the car execs already know what the risk and competitive nature of their own business.
Guess what bankers, this is how you produce positive growth in a real productive industry, and its risky business. Instead the bankers prescription assumes managed decline.
It’s like that new guy at work who constantly tells everyone about ‘hacks’ only they’ve discovered, when everybody already knows about them.
The car industry execs should be laughing their heads off at naive bank execs assuming they know more about it than the car execs. Don’t they think the car execs already know what the risk and competitive nature of their own business.
Guess what bankers, this is how you produce positive growth in a real productive industry, and its risky business. Instead the bankers prescription assumes managed decline.
It’s like that new guy at work who constantly tells everyone about ‘hacks’ only they’ve discovered, when everybody already knows about them.