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Do US car companies compete globally anywhere? Chinese people aren't buying GM cars. The US car industry hasn't been competitive globally since Toyota started m
by Sevii 11mo ago
Do US car companies compete globally anywhere? Chinese people aren't buying GM cars. The US car industry hasn't been competitive globally since Toyota started making cars.
- deleted 11mo ago[deleted]
- kevstev 11mo agoGM sold 4M cars in China in 2017, its peak year. While BYD is indeed eating their lunch, they still sold 1.8M cars in China last year: https://stockdividendscreener.com/auto-manufacturers/gm-china-financial-results/ https://stockdividendscreener.com/auto-manufacturers/gm-chin... American brands were considered prestigious as I understand it.
- alephnerd 11mo ago> American brands were considered prestigious as I understand it. For automotive, kind of but not really (excluding Tesla). Volkswagen Group was the primary foreign manufacturer that was also a status symbol in China.
- bpt3 11mo agoChinese people bought about 1.8 million GM cars last year, which is down significantly from about 10 years ago before BYD and other domestic brands started putting out competitive alternatives but far from 0. Tesla is a US company?
- mr_toad 11mo agoSome Ford models still compete with Asian cars in foreign markets. Smaller Ford models mainly, but the Falcon was popular with a certain demographic.
- rsynnott 11mo agoBoth Ford and GM _used_ to, in Europe. GM got out a while back, with its remaining brands becoming part of Stellantis, the Dutch company who makes all the car brands that you can't quite believe still exist. Ford seems to have... faded out in the consumer space the last decade; they still make vans, and I think they still theoretically make a car or two, but you never see them anymore.