General motors

Friday

Robert Bryce

The drive toward electric cars has been a disaster

Just two years ago, Mary Barra, chief executive of General Motors, declared: “We believe in an all-electric future.” She went on to claim that the challenges her company was facing in the EV market were merely temporary bumps on the road to net zero. But as Bob Dylan famously observed, things have changed. On January 8, GM announced it would take a $7.1 billion hit in charges against its earnings, of which $6 billion is due to Barra’s failed EV strategy. In a filing with the SEC, the company also warned that it would take more write-downs this year as part of a “strategic realignment of EV capacity.” The car companies made 5.4 million EVs in three years – and incurred an astonishing $20,887 loss on each one GM’s move came less than a month after Ford Motor Co.

Thursday

Stephen Bayley

Enjoy your beloved car while you can

From our UK edition

Remember ashtrays in cars? Soon cars will themselves become objects of wet-eyed nostalgic reverie. A thrilling era of propelling ourselves, while gassing others, via a series of explosions more or less constrained by gears, steering devices and friction materials, is coming to an end. Enjoy that very loud Porsche while you can. It will soon be illegal. The great fascination of the car resides not in engineering or technology but in semantics and emotions. A friend has a disgraceful anecdote from his untidy youth to explain the grip cold metal has on hot hearts. A brief fling with a married woman whose husband travelled a lot found him one cold morning, late for a lecture, with a ratty old Citroen that would not start. She cheerfully said: ‘Take his Jaguar.

Thursday

Spectator Editorial

After the lockdown, the breakdown

We are told that ‘we’re in this together’ by people who can afford to wait out the epidemic in the way the aristocrats of old retreated to their estates when the plague arrived in the city. It is more accurate to say that we are, as this edition’s cover puts it, ‘together, alone’. The coronavirus has revealed that people today can live in ‘connected solitude’, as Sam Leith describes. It has never been easier to retreat from society if you have the money. But it has never been more vital to sustain real-world connections. We may feel atomized but the truth is we can no more insulate ourselves entirely from other people than we can from the economic effects of an unprecedented shutdown.

breakdown lockdown