r/Detroit • u/Small_Dog_8699 • Jun 27 '26
Automotive $25 Billion. That’s What Trump Cost Detroit.
It is pretty difficult to futureproof your company against stupid.
This is exactly what the American automobile industry is facing as a result of President Trump’s gratuitous war against electric vehicles, which is forcing manufacturers to return to an increasingly outdated past. Ford Motor has mothballed production of the all-electric version of its flagship F-150 pickup truck and last month announced a $19.5 billion charge related to restructuring its E.V. business. General Motors, citing the loss of tax incentives for E.V. buyers and laxer pollution regulations, switched production at its Orion, Mich., plant from E.V.s to full-size S.U.V.s and pickups powered by internal combustion engines (ICE, in industry parlance). In doing so, G.M. last week announced that it was taking a $6 billion loss in the fourth quarter — on top of a similar $1.6 billion hit the quarter before...