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.
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.