Experts in the Automotive Industry Predict a Brighter Future for Traditional Car Manufacturers, Stating their Strong Position to Navigate the Shift towards Electric Vehicles.

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Experts in the Automotive Industry Predict a Brighter Future for Traditional Car Manufacturers, Stating their Strong Position to Navigate the Shift towards Electric Vehicles. - Benzinga

Quick Summary:

His comments come as Detroit’s Big Three—Ford, General Motors Company (NYSE:GM), and Stellantis (NYSE:STLA)—have seen significant gains six months following the United Auto Workers (UAW) strike.“The market is waking up to the fact that the established automakers are pretty well positioned to ride out the transition to EVs over time,” he said.

The ex-chief of Ford Motor Company (NYSE:F), Mark Fields, recently highlighted the strength of established automakers in the shift to electric vehicles.

"The market is waking up to the fact that the established automakers are pretty well positioned to ride out the transition to EVs over time," says fmr....