00:00Je pense que c'est plus de la même chose de GM ici, où ils ont vraiment été exécutés avec...
00:05Surtout de l'eau, old-school technology, the great big pickups and...
00:10C'est à dire qu'il y a beaucoup de CVs qui ont long été, you know, leur sort of calling card.
00:15Et, you know, we've seen sort of slow and steady progress on the electric vehicle front until recently.
00:20I think we've seen some concerns, of course, about just...
00:25how much that unwind will be disruptive for the Detroit automakers.
00:30Both GM and Ford.
00:32And yet, I think GM was much better positioned than Ford.
00:35In terms of, you know, having the scale to where, you know, its electric vehicle...
00:40business is less of a loss-making aspect of the company and...
00:45And so while we'll see some dialing back of production of those vehicles because...
00:50of a sort of less receptive environment, you know, it's going to be less dramatic than what...
00:55what we've seen at Ford and meanwhile, just more and more of these, you know, trucks and SUVs...
01:00that are their specialty, you know, the demand for those have been incredibly strong.
01:05Craig, they just missed where the consumer was going to be.
01:07You and I have been talking about this now for a number of years...
01:10do you think we're overstating the importance of the EV credits?
01:13I know they're material, but...
01:15Craig, ultimately, was that the direction of travel anyway?
01:19Yeah.
01:20Craig, I think, you know, the going away of EV tax credits is a huge deal for certain...
01:25manufacturers.
01:26I mean, you know, the Teslas and Rivians and Lucids of the world...
01:30that are entirely, you know, tied to the battery electric vehicle market.
01:35this is hugely problematic for them in the U.S.
01:39and I think...
01:40what we're going to see from GM is, you know, some changes in terms of how many of...
01:45these electric vehicles they make in the near term because of those credits going away, because...
01:50of other forms of support, you know, falling by the wayside, also just less...
01:55pressure from a regulatory perspective where, you know, fuel economy and emissions regulations have...
02:00have been gutted, and so, you know, they're able to, you know, just kind of...
02:05keep ramping up that truck and SUV production and, you know...
02:10Americans are able to buy as many of those as they wish.
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