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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American car makers famously unsubsidized and holding up their own pants.
Compared globally? Yeah mostly so.
What subsides do US cars get that other countries don't have similar programs?
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Pretty sure big oil and car companies have been bailed out by the US government in the past. Plus america designs most of its cities so that you need to own a car. Seems like both markets are equally "free" at the end of the day.
A one time loan which made money is hardly a subsidy by comparison to China right now. That's an absurd comparison. Apples to oranges. Hell apples to baseballs.
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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.
When was the second bailout? Or the first if you're referring to something older.
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They have never considered actually competing have they?
Big corporations know very well how competition works and would like to avoid it at all costs.
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Really, why is that? Is it maybe you are too greedy and make garbage? Is it? Hun?
Fuck executives.
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Former GM Executive: BYD cars are better and cheaper than American. If we let BYD into the U.S. Market, we wouldn't be able to be greedy and enshitify our products any more, which would end up destroying american car manufacturers.
FTFY.P.S. Actually the average american would be benefited from that
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Well they wouldn't if not for that hefty bailout by the American taxpayers that they got back in 2008.
Ford was the only one not to take a buyout, FYI.
Ford wouldn't survive BYD either, though.
Greed rules the Western world.
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„Free market“? Speaking of hypocrisy. Chinese car brands are so heavily subsidized they probably cost the Chinese economy more than they make selling them at the moment. China is clearly trying to drown the global market with cheap cars so they can ramp up prices immensely once they have killed the competition and have become a monopoly. China hasn‘t been the extreme low income country to produce super cheaply for a long time and they couldn‘t produce cars this cheap in a free market situation.
Many countries and the EU have measures against such practices because state run operations with the sole purpose to destroy an industry (which this is) undermine the very idea of the free market or even trade relationships.
Alternatively we could start subsiding local car makers and play the same little game China is playing but more cars is honestly the last thing we need right now. Tariffs are a much smoother option to deal with this even when they have a bad rep.
Ideally we use that generated money from tariffs to subsidize public transport so we don‘t get cheaper cars but cheaper alternatives but that‘s still just a dream I‘m afraid.
Whatever the case, one should look at super cheap cars and what that means in the long run more critically.
We have subsidized the big three many times, and they return nothing back. At this point, they should be nationalized.
You have a very simple way of looking at things and are part of the problem that is going on.
Your ignorance is showing. Tuck it in.
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Really, why is that? Is it maybe you are too greedy and make garbage? Is it? Hun?
Fuck executives.
That's part of it, but it also helps that the Chinese government heavily subsidizes their auto industry.
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First the enshittified the food
Then the health care
Then every consumer product
Finally they enshittified the nation itself
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A one time loan which made money is hardly a subsidy by comparison to China right now. That's an absurd comparison. Apples to oranges. Hell apples to baseballs.
There is also CAFE standards that made small, effecient vehicles require extremely high emissions standards while allowing looser standards for larger, less effecient vehicles. Effectively limiting foriegn market influence while increasing both the price and size of the average vehicle on American roads.
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Pretty sure big oil and car companies have been bailed out by the US government in the past. Plus america designs most of its cities so that you need to own a car. Seems like both markets are equally "free" at the end of the day.
The majority shareholder at GM is the US treasury.
One of the majority holders at Stelantis is their workers' union.
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That's part of it, but it also helps that the Chinese government heavily subsidizes their auto industry.
Tbf so do we
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Thus, not sustainable, as I said.
What is sustainable in today's economy?
Really, what Western corporation actually base their policies on sustainable growth?
Take your time. I'll wait.
...
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First the enshittified the food
Then the health care
Then every consumer product
Finally they enshittified the nation itself
Before that they enshitified the labor movement and unions via red scare tactics so there was less resistance to the enshitification process
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It worked for Wal-Mart
Which isn't really a sustainable business model, but it's quite successful
It didn't work for Walmart the same way it didn't work for Amazon
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So Canada, how are they?
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There is also CAFE standards that made small, effecient vehicles require extremely high emissions standards while allowing looser standards for larger, less effecient vehicles. Effectively limiting foriegn market influence while increasing both the price and size of the average vehicle on American roads.
That's not a competitive subsidy though. Anyone can and don take advantage of those emissions. The US does not have access to China subsidized materials or labor to compete in that market.
BYD could build here and take advantage of that.
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Ford was the only one not to take a buyout, FYI.
Ford wouldn't survive BYD either, though.
Greed rules the Western world.
In September 2009, Ford entered into an agreement with the Department of Energy and borrowed $5.9 billion
They still hadn't paid it back in full in 2022.
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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.
like worker protections or unions
That's just patently false. https://en.wikipedia.org/wiki/All-China_Federation_of_Trade_Unions
It is the largest trade union in the world with 302 million members in 1,713,000 primary trade union organizations.
