Automotive CEO are making a U-turn on opinions that making electric cars would devastate profits. — Bloomberg
Automotive CEOs for years warned that making electric cars would devastate profits. They’re now saying the margins on them may not be so bad after all.
Executives from Ford Motor Co. to Volkswagen AG have made bullish statements on their electric forays in recent weeks, forecasting that battery-powered cars will be as profitable as combustion-engine models around mid-decade.
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