Photo Credit:Rivian Automotive

Why US Car Plants Are Being Under-Utilized

01 Oct 2024 | Abstracted from CNBC

Video report looks at the problem of US car factory utilization caught in the doldrums of lagging sales and heightened EV sales expectation with companies from Ford and GM to Rivian reporting production well below their ideal 80%+ capacity levels. The result could mean billion dollar losses, job cuts and potential supply chain chaos. Automakers, industry analysts and even governments are adjusting expectations and preparing for an uncertain future."

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