Mike Rogers: “They're going to have to take a charge off of something like…”

“2400 layoffs at Stellantis. 1000 layoffs at General Motors. Ford just announced it's going to have to stop several lines. Why? They lost $130,000 on every electric vehicle vehicle they sold. They're going to have to take a charge off of something like $5 billion. Guess what? In Michigan we build stuff. We build cars. We build gasoline powered cars. I hope you like your pickup trucks.” (03:38–03:44)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.