The bottom line is that the auto industry has a serious math problem. Go figure……literally. This is not going to be solved overnight. A new plant is billions and years. So much for short term pain!
PS - I spent most of my adult life in the auto industry and retired as an Engineering Senior Leader. The industry has a major hole in it.
Funny thing. Did the "engineers" make too much money? You probably don't think so. In the years it takes to build the plants we'll enjoy the construction related jobs and real estate investment. It's a trickle down effect.