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Car companies are some of the biggest spenders in the world. You’d think they’d work harder at allocating capital. But, if that’s even occurred to them as an issue, you’d never be able to tell from the amount of money they’re throwing into the still-nascent electric vehicle market.
Automakers have spent more on research and development over the last decade than they have made in profits. They account for a fifth of global R&D spending. But they don’t have much to show for it: There are only a few good electric cars on the road. Returns on invested capital and on assets have been dropping over that time. Whether and when this investment will return much of anything and what the final cost of transition will be is up in the air.
Opinion: Electric carmakers burn through cash like gas in a combustion engine
ANJANI TRIVEDI/BLOOMBERG OPINION
Bloomberg
The Aston Martin Rapide E electric vehicle stands on display at the Auto Shanghai 2019 show in Shanghai, China.
Car companies are some of the biggest spenders in the world. You d think they d work harder at allocating capital. But if that s even occurred to them as an issue, you d never be able to tell from the amount of money they re throwing into the still-nascent electric vehicle market.
Automakers have spent more on research and development over the past decade than they have made in profits. They account for one-fifth of global R&D spending. But they don t have much to show for it: There are only a few good electric cars on the road. Returns on invested capital and on assets have been dropping over that time. Whether and when this investment will return much of anything and what the final cost of transition will be is up in the air.
Joins German, Japanese and Korean carmakers who are ahead of the 2022 deadline Published: December 21, 2020 14:47 Bloomberg Tesla is among 10 companies that have already fulfilled a promise to federal regulators to install the safety technology on its vehicles by Sept. 1, 2022. Image Credit: AP
Tesla is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule, as Detroit automakers lag behind the safety leaders.
Tesla is among 10 companies that have already fulfilled a promise to federal regulators to install the safety technology on its vehicles by Sept. 1, 2022, according to Consumer Reports magazine and the Insurance Institute for Highway Safety. Automatic emergency braking helps avoid rear-end collisions by sensing a car stopped ahead and automatically applying the brakes.
El Intransigente
Tesla beats Detroit rivals by almost two years on brake safety
Tesla Inc. is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule, as Detroit automakers lag behind the safety leaders.
Compártelo:
18 diciembre, 2020
Tesla Inc. is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule, as Detroit automakers lag behind the safety leaders. Tesla is among 10 companies that have already fulfilled a promise to federal regulators to install the safety technology on its vehicles by Sept. 1, 2022, according to Consumer Reports magazine and the Insurance Institute for Highway Safety.