I was watching the latest ‘Harry’s Garage’ YouTube video last night, which was an extremely interesting update on the current car market, EV take up (or lack of it) and resultant job losses in the motoring industry due to falling demand for new cars (1.9m new cars sold in the U.K. last year, down from 2.6m around 10 years ago). It’s well worth watching.
Re Ford Capri and Explorer, Ford built a factory to manufacture them and it has a capacity of 250,000 cars a year. Current demand is only 19,000 a year and they’ve had to make 1,000 staff redundant. Also, across Europe, several other manufacturers have made, and are planning, thousands of job losses due to falling demand for new cars due to the EV mandates. No doubt there is an adjustment period which will be contributing to supply issues.