GM Copies Tesla and Rivian But Risks Angering Consumers


General Motors  (GM) – Get General Motors Company Report was affected person however lastly determined to react. 

The Detroit large is confronted, like its rivals, with disruptions linked to provide chains, the chip scarcity and the hovering costs of uncooked supplies, akin to nickel, had first waited earlier than reacting. 

Its rivals, like Tesla  (TSLA) – Get Tesla Inc. Report, haven’t hesitated to behave rapidly with a view to protect their margins and keep away from utterly bearing the rising prices of assembling their automobiles. In addition, the demand for automobiles — gasoline automobiles in addition to electrical automobiles — stays sturdy. The automotive producers’ order books are full. Consumers have thus seen the supply occasions for his or her automobiles lengthen. This is as true for sedans as it’s for pickups/vehicles.