Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers
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Six months ago I moved from the US to a country where BYD and other Chinese brands are available. In the past I owned GM cars. The former GM executive is correct. After trying Chinese cars I find it extremely difficult to justify paying 40-60% more for a car made by GM or anyone else. GM’s best selling cars here are made by its Chinese joint ventures and aren’t available for sale in the US, and they are the only GM cars I would buy.
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Where free market? It will regulate itself /s
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Dunno, seems like a global problem. European car companies are scared too. And they don't make those big cars.
The only issue I see is that china is very hostile with how it deals with other countries, otherwise this is just the trend of how things work out. In the 80s, it was the japanese car industry.
They've got to keep their profit margins, or the CEO's and shareholders might need to take a paycut.
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I would kill for a small electric truck... Telo is calling my name, but they don't have a functioning product yet.
Right there with you on small trucks, the kid and I have been drooling over the Slate even if it is Bezos. I drive a '98 Ranger, and we've been kicking around the idea of a Ranger electric conversion.
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The same thing happened in the 80s with Japan. The Japanese were no longer making crappy cars but small and very reliable, affordable cars. Detroit was still making rust buckets, obsessing over powerful engines with bodies that rotted out and defects galore. Detroit got beaten up badly (Chrysler had to get a gov bailout) until they cleaned up their act and improved their products. Protecting Detroit from competition would've just saddled US consumers with decades more of crappy, overpriced, low quality, cars.
How Detroit’s Automakers Went from Kings of the Road to Roadkill
What has happened to GM is essentially bankruptcy by other means, and that is an extraordinary event in the political and economic history of our country.
Imprimis (imprimis.hillsdale.edu)
We still don't let in the small pickups the rest of the world enjoys.
Did Japan back then pay their assembly line workers the equivalent of $5k USD/year (in today's dollars) and have nearly no worker protections? Not a rhetorical question; I just don't know. Seems like Japan had a better standard of living back then compared to Chinese workers now, so I would guess their workers were compensated and treated better.
Not defending US auto corps (or any corp for that matter). The regulatory capture in the US is insane, and workers aren't treated as well as most of the rest of the first world.
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Maybe GM could, I don't know, innovate?
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American manufacturing seems very incapable of change. If things worked this way for decades, why change it? Meanwhile the world moved on and they ask themselves why doesn't anyone wanna buy american...?
You think Americans can't change, just look at German Automakers. They are stuck in Perpetual denial. VW only moved electric because of the massive diesel scandal, otherwise they also would have been like every other car manufacturer.
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Dam maybe some of the American automakers who took billions in subsidies should have built cheaper cars instead of the largest trucks possible to skirt regulations.
I literally can't afford an American car, i can afford a BYD tho.
I bought a used Chevrolet Bolt '23 which is the closest I could get, they're still relatively cheap and mine has been working great.
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Did Japan back then pay their assembly line workers the equivalent of $5k USD/year (in today's dollars) and have nearly no worker protections? Not a rhetorical question; I just don't know. Seems like Japan had a better standard of living back then compared to Chinese workers now, so I would guess their workers were compensated and treated better.
Not defending US auto corps (or any corp for that matter). The regulatory capture in the US is insane, and workers aren't treated as well as most of the rest of the first world.
5K/year isn't exactly poverty when rent is <200, phone data is 20, and you can get pic for 1.50 USD. I too would like them to be treated better, but I dont know if their overall situation is worse than the average american worker making 50K, but spending 24K on rent, 12K on car payments, and 16USD if they eat out.
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Maybe GM could, I don't know, innovate?
They have some wonderful new finamcial products released just this quarter!
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So here is the thing.
U lost. The moment I need American people to bail you out, you need to treat American people way way the fuck better.Worker rights, mandatory vacations, work protections, pensions, guaranteed healthcare etc.
Okay but see none of tjose are stock buybacks or exec bonuses, so...
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I'd argue it is.
Just look how Amazon got where it is now: Sell way under market price, till local competition closed shop, then squeeze.
It might just be that, since BYD is serving such a large domestic market/population, that allows them to have cheaper cars? Something something, economies of scale. I'm no expert though.
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Alternatively we could start subsiding local car makers
We have been. Bailout after bailout. For the longest fucking time, and have had insane trade rules and tarrigs in place for decades and decades. I'd argue this is what it looks like to have another country finally being able to play on a level playing field.
GM received more than $7 billions of subsidies and around $50 billions of "Federal loans, loan guarantees and bailout assistance".
US auto manufacturers are getting their fair share of subsidies.
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Not enough Americans will buy small euro cars. Do you seriously think they wouldn't just do that if they could justify the cost of switching off a f150 assembly line to make a small car they would. Ford and Chevy both had a ton of small cars throughout the years but the sales aren't there anymore.
The average new truck costs 50% more. Every small car they sell is a lost truck sale.
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Even if they changed how would they win?
They're just too expensive to manufacture as compared to chinese ones.
Tesla somehow manages to do well(at least prior to the nazi events). Still at a good price in Norway.
But all other manufacturers have dragged their feet with EVs, and that price cost of starting is large enough that they are in trouble. I'm not a huge fan of China, but they did the investment and are ahead exactly because of that (and crazy subsidies). Being left behind is their own fault imo, and I think that applies a lot to EU as well. Eg. WV.
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I mean, didn’t Japanese and Korean automakers already do that?
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the Chinese are really good at low cost manufacturing
They're not "good" at it, they just have no minimum wage and no semblance of annoying things like worker protections or unions to be concerned with.
They actually have a problem with workers or the lack of them and they have invested heavily in robotics. They aren’t the China of the 70s and 90s. It’s really something that we need to face up to if we want to compete but our political class isn’t really ready for that sort of reality. Years behind because of smugness.
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Even if they changed how would they win?
They're just too expensive to manufacture as compared to chinese ones.
I am union so don’t misunderstand the comment, but doesn’t BYD rely heavily on terribly paid non-union labor to reach it’s price advantage?
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Did Japan back then pay their assembly line workers the equivalent of $5k USD/year (in today's dollars) and have nearly no worker protections? Not a rhetorical question; I just don't know. Seems like Japan had a better standard of living back then compared to Chinese workers now, so I would guess their workers were compensated and treated better.
Not defending US auto corps (or any corp for that matter). The regulatory capture in the US is insane, and workers aren't treated as well as most of the rest of the first world.
Japan used state capitalism to promote it’s auto industry and other key sectors to sustain strong growth. America’s weakened billionaire owned government system is just being strip mined into the ground. We won’t be able to compete in an economy that’s only product is wealth extraction because of our massive corruption.
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Yes but after they win they have to raise prices...
Yes, and so may BYD. I have no idea what are you arguing for.
