GM has also pulled back on EVs.
9/4/2025
cnbc.com - GM cuts output delays work at major EV factories citing weak demand

General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as U.S. President Donald Trump’s administration yanks federal support for green cars.

GM will stop production of two electric Cadillac SUVs at its assembly plant in Spring Hill, Tennessee, during the month of December, according to a person familiar with the matter and communications to GM employees viewed by Reuters.

electrek.co - GM kills brightdrop electric van production
GM kills BrightDrop electric van production, blames ‘slow demand’ as sales were ramping

I'm listening to a podcast that is in part covering the change of direction of Ford & GM.
cleantechnica.com - California USA set to diverge massively on electric vehicles

One fella makes a valid point about the hubris of the legacy automakers. They see Muck's Tesla profits take in 2021-2022. They think:"We're the experts. This will be easy peasey!". And the commentator said Ford & GM EVs announcements really drove those stocks up. I checked Morningstar-F & GM stocks peaked on 12/31/2021. But TSLA had a fan base & demand & Musk had figured out keeping production costs down which the legacy automakers weren't able to do.

2020 to 6/30/2022 was an EV stock bubble. Everything to do with EVs was bought.

Another point is that F & GM shoved EVs down their dealer's throats. They did not want EVs or pushed them. That certainly didn't help F & GM.

The only way, IMO, F & GM survive is if they have partnerships with Chinese EV manufacturers just as VW has just done with Xpeng.

I recently posted about:"China EV Global Domination" on the "new" Macroeconomic board:
discussion.fool.com - China EV global domination