Automaker Stellantis will move Jeep Compass production from Ontario to the U.S. despite earlier investment commitments in Canada.
Canadian officials are calling the move “a betrayal” and say legal action is on the table.
Follows lots of money (billions?) in EV subsidies and prior promises of long-term Canadian manufacturing jobs.
There is a problem with that, the Canadian market is drying up for US companies. They are dammed if they stay and dammed if they leave. The leaving part is probably less expensive in their eyes.
Stellantis fucked over everyone during lockdown supply shortages, but never returned the pricing to normal, all for the least reliable vehicles in the industry. No surprise, customers are now waiting 12-14 months for Toyotas instead.
It’s drying up because car prices increased by 60% in the past decade. When a used car is over $30k, it becomes very hard to justify a vehicle purchase.
They’ll cite “supply chain” issues, but then conveniently leave out that they’ve intentionally lowered production, maintaining scarcity. It’s been almost 6 years since the chip shortages and other issues that stemmed from the pandemic, yet it’s still used as a lazy excuse.
Yes, there were some issues with supply years ago, and the prices increased, but there’s little to no pressure on these companies to reduce them now that those issues have long been cleared up.
Once the price goes up, it never comes down.
I was looking at some long-term numbers on the F-150 recently. Over 30 years it’s been going up well above inflation. I think the number I got was over 5% per year, every year.
Because fucking dimwits keep buying them.