Howes: Automakers face ‘profit desert’ as EVs, self-driving vehicles ramp
The auto industry’s profit party is winding down, imperiling jobs, plants and products in a scramble to embrace electrified and self-driving vehicles. In a sobering new report, industry consultant AlixPartners LLP describes a looming “profit desert.” Crossing it over the next few years could have profound implications for Detroit’s automakers, their place in the next-gen automotive hierarchy, the United Auto Workers, even the reinvention of the city itself.