Oct. 29, 2023 12:21 pm ETFord confident buyers final week that its beneficiant handle the United Auto Staff wouldn’t threaten its profitability. Perhaps. The similar can’t be mentioned of its electrical automobiles, which misplaced $3.1 billion all through the primary 9 months of this 12 months. The ones losses will no doubt develop, and someone who thinks Washington received’t give auto makers every other bailout will have to suppose once more. Final week Munich-based Siemens Power, some of the global’s best wind producers, mentioned the German govt is ready to increase up to €16 billion (or $16.9 billion) in state promises to rescue it.Copyright ©2023 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
