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Rolls-Royce, Honda, Lamborghini, Ferrari Are Backing Down. Has the Electric Revolution Failed?
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Honda, Mercedes-Benz, Ford, Rolls-Royce, Lamborghini and Ferrari are among those who have changed course. The strategy changes have cost the global auto industry at least $75 billion in the past year, according to calculations by the Financial Times. The electric revolution in the auto industry is showing clear signs of exhaustion. At least 12 global manufacturers have revised their transition plans, choosing to maintain or expand production of …
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