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Steve Valley
The Electric Viking
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Comments by "Steve Valley" (@stevevalley7835) on "Why Germany's car industry is petrified of Donald Trump's tariffs" video.
Meanwhile, Ford Motor, is pouring $4.8B into it's European operation. Ford's operation has withered in recent years, down to a 3.3% market share, soon to drop farther as they drop the Focus, which accounts for 20% of EU sales. Their two EU market EVs, the Explorer and Capri, are built on a VW platform. Seems they are trying to bail out the Titanic with a teaspoon, just as impending tariffs removed the US as an export market, leading to more production overcapacity in the EU.
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Ah. I kept digging to see what Ford was up do. Finally found out. Some years ago, Ford USA guaranteed all of Ford EU's liabilities. This $4.8B infusion is intended to pay down Ford EU's debt enough for Ford USA to get out from under the guarantee. Then Ford USA can stand aside as Ford EU goes bankrupt and closes.
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