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Meanwhile Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers. He is not even hiding the fact US automakers make a more
by testing22321 6mo ago
Meanwhile Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers.
He is not even hiding the fact US automakers make a more expensive inferior product, but that US consumers should not be allowed have the superior one.
- drstewart 6mo agoMeanwhile China does hide the fact that they block superior competition of various foreign services via the Great Firewall
- barbazoo 6mo agoOr at least to have the inferior product at a lower price.
- tshaddox 6mo agoFrom what I've seen, I have no reason to expect that a cheap new Chinese EV sold in the U.S. would be meaningfully lower quality than a cheap new American car.
- rootusrootus 6mo agoConversely, I have no reason to expect that a new Chinese EV sold in the US would be meaningfully cheaper than a new American car. At least not to the extent that China fans are dreaming about. That just is not how markets work.
- testing22321 6mo agoFord’s CEO just said exactly that. Chinese cars are superior.
- cpursley 6mo agoThe big 3 absolutely have an inferior product. Just rode in a new gas Cherry Tiggo, I'd compare it to a Hyundai in terms of value/features, but even a bit better. No American car in that class comes even close. And I rode in one 10 years ago (Tiggo), they have come a very very long way.
- Ifkaluva 6mo agoWell, the UK no longer has a domestic auto industry
- tonyedgecombe 6mo agoFor anybody wondering about this the UK was making two million cars a year prior to Brexit. Last year it was about seven hundred thousand. This was widely predicted by economists at the time, even by the few Brexit supporting economists.
- hunterpayne 6mo agoNo, its because the Chinese subsidize the costs of those cars. Say I live in a country that will pay me $50k to build a car. It costs me say, $55K to build the car which I now sell for $60K. How you do you, in a country that pays you nothing to build cars, compete? This is an extreme example but its what is happening here (just will different and smaller numbers).
- adrian_b 6mo agoEvery time when any competitive Chinese product is discussed, there are claims that it is competitive because it is subsidized. Perhaps many of these claims are true, but at least in USA I also see huge amounts of subsidies for a lot of products, which are never compared with the Chinese subsidies. I have never heard about any significant investment in some factory in the USA, which was not conditioned by very large reductions in taxes for that company. I do not see any difference between this and any subsidies that China might have. Even if there might exist some kind of subsidizing system for electric vehicles in China, there is no doubt that there exists healthy competition between many Chinese companies, so they continuously innovate in EVs, while much less efforts in this direction can be seen in countries like USA, who claim to be scared by the Chinese "unfair" competition, but they seem to do very little or nothing to reduce their technical inferiority.
- testing22321 6mo agoGM and Chrysler were given 85 BILLION dollars that has never been repaid (never will) despite them paying their CEOs tens of millions per year, doing stock buy backs. At least the Chinese got good cars from subsidizing their auto makers. Americans just got ripped off.
- cataphract 6mo agoThen the US should have done like the EU and apply anti-subsidy countermeasures -- and show before impartial WTO arbitrators the adequacy of the mesures. But of course the US (or Canada) can't justify their 100% duty in those terms, so they don't even try.
- dalyons 6mo agoyou need to update your talking points. China no longer subsidizes their cars produced today to any meaningful level.
- JumpCrisscross 6mo ago> Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers I'm a strong advocate for giving Chinese EVs an import quota per manufacturer (with a 1.5mm-unit annual cap on total Chinese EV imports, downgradable to 1mm in a recession, representing about 10% of demand). This gives American consumers–and designers–access to and a taste for what the competition is doing. But it preserves a moat for our own producers.
- century19 6mo agoSo no free market. Consumers have to subsidise crap companies.
- mchusma 6mo agoCloser to free than now…so I support. I would prefer us automakers to start competing, but at this point I’ve given up on Them.
- prewett 6mo agoThe company isn't necessarily crap; American manufacturing has to pay higher labor costs due to higher cost of living. A completely free market allows low cost of living companies to essentially arbitrage cost of living, with the result that the higher cost of living country gets reduced manufacturing capability. Inability to manufacture things is a strategic weakness, and we will probably get to see the consequences of that if we ever get in a serious war with China.