Read the interview with the Ford CEO. Who drives a Xiaomi SU7, imported from China and he refuses to give it up.
It is the arrogance of car makers all over the world. No one is matching the innovation of the Chinese car makers. This includes European giants like Volkswagen and BMW who are suffering in China.
http://autofreak.com/vw-bmw-mercedes-china-sales-collapse-q2/
I don’t understand. Using Elon in charge of Tesla? How can it be failing? I thought he was a genius and not just some guy that had a profitable company partly in thanks to all the carbon credits being sold?
Better watch out for Kazakhstan. They are KICKING OUR ASS in potassium production. Soon, every American child will be a Kazakhstanian bride, and I did not cost taxes for the majority of my life to deal with this mumbo jumbo garbage. That’s why I voted for Trump. Also, it’s the “Kazakhstanian” part of this that bothers me. That’s why I voted Trump.
Kazakhstan number one exporter of potassium. All other countries have inferior potassium.
People …READ. 75% of all EVs in the USA is a whopping 5% of total sales.
No one in most countries can fit US tanks on their roads.
US admin and auto industry: “We’re digging our own graves? Let’s double down!”
And China subsidizes over 50% of every EV that is exported. It’s called economic warfare, dump a bunch of shit onto a market cheap and destroy everyone elses economy in that area. Chinese EVs aren’t magically “cheap”, they pay workers almost nothing and subsidize the rest.
It’s a good thing that China subsidizes EVs. We should be doing that too!
And American companies definitely don’t take government hand outs left and right
You got a source for those facts?
You saying the US government has not given Detroit $88B since 2008?
Does it really matter? Won’t the government just block all Chinese vehicles from being sold here so carmakers in this country don’t have to compete?
There are more US auto workers working for foreign-owned companies than there are for American-owned companies. Eventually the Chinese EV companies will follow the path of Honda, Totota, etc. and just start opening factories in the US. Tariffs don’t apply to US-built cars.
Still doesn’t help with the fact that not a single person outside the US will buy a Tesla or a Ford.
Sooner or later Americans will stumble onto TikToks and see how cool BYDs or Beijings are, and they’ll wonder why their Chevrolet is a piece of shit.
The iron curtain only gets you so far when the internet exists. And when a government is too incompetent to even try to censor it.
True but nobody can afford to buy American vehicles so it’s hurting the companies since they can’t sell anything
The auto industry collapsed a long time ago and they stopped listening to consumers about the same time. Now only foreign cars are manufactured in the US.
Oh no! Is it time for the auto industry to collapse, get 81 billion dollars, change nothing, and berate the American consumer for being too poor to buy their cars that now cost twice as much for no specific reason other than capitalism again?
After getting that $88 billion bailout They’ll bring back sedans and start researching EVs…for about 4 years and switch back to gas guzzling jacked up overcompensating trucks for the men and big suburbans/yukons for the moms who pay more attention to their phones than the road.
Rinse repeat
It sure as hell isn’t time to ride the bus or build a train. So I guess we’re doing your thing.
Noice. Schedule another for 2041?
That’s optimistic, better pencil in 2029
I’ll hold the date, thank you.
Have they tried CLOSING more EV Plants and DISCONTINUING More EV Models? That MIGHT help!
-CEOS!
Nah. When reelecting Trump, America acknowledged that our country will collapse with the oil industry. We’ll fight a war to preserve our hegemony over oil, and the resultant oil crisis will be the final straw that gets everybody else in the rest of the world that have money to buy a new vehicle committed to electrification.
It is the Iron Law of Institutions in macro scale. The oil industry and American car companies would rather see America suffer and lose its position in the world, than to help facilitate a transition to some other energy source that would threaten their own entrenched power.
When reelecting Trump, America acknowledged that our country will collapse with the oil industry.
If you look where Trump (really, any Republicans) win big, it’s inevitably an area with a big O&G footprint.
Of late, that’s shifted slightly to Tech Data Centers. But the nature of lucrative extractionary industry is that it gives you a ton of money to pay one half of the working class to restrain and abuse the other half.
It is the Iron Law of Institutions in macro scale. The oil industry and American car companies would rather see America suffer and lose its position in the world, than to help facilitate a transition to some other energy source that would threaten their own entrenched power.
My dad worked for Exxon. He used to joke that they had a big switch in the back of the HQ that read “Green Energy”. And as soon as fossil fuels stopped being profitable, they’d flip it and become a solar/wind giant overnight.
He died back in the 90s, so he never got to see the big milestones. But if you ever look up T. Boone Pickens, this oil billionaire was saying very much the same thing in the late '00s. Natural gas is temporary. Wind is where the real infinite money machine lives.
And now my own state of Texas leads the county in wind production and runs a tight second to California on solar.
So much of this is absolutely already happening. And it’s being financed by the same folks who said it was impossible twenty years ago.
That was a blatant choice to back old fossil fuel money against alternative forms of energy. Nobody made trouble for them. They made trouble for themselves. It’ll always happen when you pray at the temple of capitalism.
One of the most hubristic miscalculations of the 20th century was the Western managerial class in the 1980s and 1990s assuming that globalization would permanently consign developing nations to the manufacturing of cheap plastic junk while domestic blue collar jobs were offshore.
The higher ups in Western corporations operated under the arrogant delusion that their own expertise would forever remain insulated from global competition. They fundamentally failed to foresee that the very countries they relegated to the bottom of the ladder would inevitably ascend the complexity and cognitive value chains.
The same market forces that the managerial class so eagerly unleashed upon others starting in the 1980s are now beginning to affect their own bottom line, and suddenly what was once championed as “optimization” and “the future” as they dismantled the livelihood of the working class, has become a crisis. It serves them right, how it bites back.
One of the most hubristic miscalculations of the 20th century was the Western managerial class in the 1980s and 1990s assuming that globalization would permanently consign developing nations to the manufacturing of cheap plastic junk while domestic blue collar jobs were offshore.
I don’t think it was a hubristic assumption so much as an engineered economic plan.
When you look at our history of sanction and regime change, the countries we love to target are the ones that won’t comply with this model. Doubly so, the ones we outright invade.
Don’t forget union busting and a general failure to pay workers enough to afford their products. Billionaires’ greed always fucks us over.
End of the day, I can’t afford a new car no matter who makes it. $30,000 for a DRM’ed shitbox that will shut itself down if I’m 30 minutes late on a payment? No, thanks.
Seriously. I keep telling my dudes to hold onto their 2005-15 models. Good safety tech, maybe a Bluetooth audio connection and no fucking microphones or cameras.
As it stands I’ll just keep my 2012 bmw 128 running forever. It’s paid off, fun, and has never given me a problem.
And China’s moat is the ecosystem that they are building around EVs. The mining and refining tech for lithium, battery tech, motors, drivers and manufacturing that will be impossible for any other country to replicate.
Not impossible, just expensive.
Easier to buy the products China already makes than to insource industry and control your own (marginally inferior) production chain.
The US is demolishing the tools to compete with China, entirely because the current leadership has an ideological aversion to “Woke” modern technologies. There’s no reason the BRICS states would need to follow this path
News about global trade deficits isn’t mildly interesting. It’s mildly boring.
Yeah this is the wrong comm, should be /c/actually_infuriating@lemmy.world
