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Everywhere in the world (except China, etc but here they are making sure that bent lawmakers don't allow Chinese cars to be sold in Europe for instance) Car ma
by vdaea 3y ago
Everywhere in the world (except China, etc but here they are making sure that bent lawmakers don't allow Chinese cars to be sold in Europe for instance)
Car makers are making a huge, terrible mistake with all of this. Their greediness is making a new generation of potential car owners have to settle for inferior options such as public transportation. That influx of users will empower those alternatives until there really is no need for cars anymore. Of course the executives raising prices now won't be the same ones at the helm when the ship starts sinking.
- conductr 3y agoYour last sentence sums it up, quarterly earnings are king. I was having the conversation about the cost of soda/cola. It’s gone up significantly since Covid basically because they decided to test the elasticity of it and see how high prices would go. Turns out people are pretty addicted to their beverages of choice and they can charge a good deal more. But my feeling is, they’re eroding their pipeline of new consumers and over time this will backfire. Decades of marketing and branding being thrown away. https://www.vox.com/money/23979340/diet-coke-price-coca-cola-pepsi-inflation-walmart-costco https://www.vox.com/money/23979340/diet-coke-price-coca-cola...
- tfourb 3y agoPublic transportation is hardly an "inferior option". If done well it can be cheaper, more convenient and quicker than using your own car. It all depends on the willingness to invest the capital needed to build a system people actually want to use.