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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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.
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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.
You can‘t compare a bailout with an aggressive offensive. Especially since western car makers and many other manufacturers outsourced to China in the process. There are few to no parallels to be drawn here. A more accurate, albeit tasteless comparison would be the China opium wars. Because that‘s essentially what they‘re aiming to do: Making us addicts to their product. They‘re selling us the stuff at a loss because they know we‘ll come back for more and before we know it we‘re completely hooked. It‘s the exact same thing they‘re doing with Temu and TikTok.
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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.
You tankies really have a way with words.
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I hate that villains set our country's laws.
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Tbf so do we
Not nearly to the same amount.
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Domestic US cars can't compete with foreign cars. We've known that forever. Or at least since the 90s.
Look no further than Kei trucks being illegal.
Our overengineered, over priced, unnecessarily complicated crap just can't compete with simple transport vehicles because they aren't made as a tool to serve a purpose. Everyone wants to make a Corolla into a Cadillac and sell it for Cadillac prices.
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Sounds great, when do we start?
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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.
Like all things in China, this is owned by the government, making it pointless.
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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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All of them that I know of. Which corporations do you see running unsustainable business models until they fold completely? Take your time, I'll wait.
The point is that they eventually change their tactics. In this case, they'll have to eventually increase their prices.
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American cars have sucked compared to Asian cars since the 1970s. I don't understand why people are acting all surprised that this is true in respect to BYD. Sure in the past products designed in China were stereotyped as poor quality knock offs of western designed goods, but in the past decade Chinese engineers have increasingly proven themselves as perfectly capable of making solid, innovative designs that improve upon those of their competitors. I think it's kind of fucked up that everyone is so suddenly upset about China's role in the world economy since everyone was completely fine using them for cheap labor over the past several decades and are just mad that Chinese companies are beating them at high skill labor and technology. Chinese companies do have an "unfair advantage" given how much they are backed by the Chinese government but American companies receive all sorts of money from the government for all sorts of things as well.
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Not nearly to the same amount.
Remember when China gave its biggest auto manufacturers $85 billion to keep them from going out of business when they made a bunch of bad financial decisions? Oh wait that was the US.
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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.
This is definitely worth mentioning but it's also good to note that it was a loan not a bailout and Ford has repaid it.
Ford also received a $9.2B loan for EV battery factory projects from the government.
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If you're one of the largest and oldest car manufacturers in the world and the most "innovative" thing you've managed to do in the last 20 years is rebrand Buick into a young family brand, then you probably need some good competition.
GM, maker of horribly shitty cars, and yeah, the Corvette, we know. We've seen it, GM.
"do you want to see the C9?"
....of course I would.
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There's sustainable practices and sustainable businesses. The latter is what others are arguing. Undercutting competition to take over a market is a sustainable practice IF you can hold out long enough. I'd wager the country of China can hold out longer than General Motors.
But the business model has to change in order to survive. The company cannot undercut forever, it actually needs to change in order to survive.
The business model of today is not sustainable. They may have a large warchest, they may be able to crush GM, but once they do, or the warchest runs out, the business model must change.If you want to make the argument that their overall plan with the later change is sustainable, thats fine, but this current phase is not sustainable.
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American cars have sucked compared to Asian cars since the 1970s. I don't understand why people are acting all surprised that this is true in respect to BYD. Sure in the past products designed in China were stereotyped as poor quality knock offs of western designed goods, but in the past decade Chinese engineers have increasingly proven themselves as perfectly capable of making solid, innovative designs that improve upon those of their competitors. I think it's kind of fucked up that everyone is so suddenly upset about China's role in the world economy since everyone was completely fine using them for cheap labor over the past several decades and are just mad that Chinese companies are beating them at high skill labor and technology. Chinese companies do have an "unfair advantage" given how much they are backed by the Chinese government but American companies receive all sorts of money from the government for all sorts of things as well.
Americans have come to think of Chinese products as bad quality because of the American companies who engage them for cheaper labor. Walmart was known to order products made to a certain spec one year, then the next year demand the company increase production, but for the same amount paid as the previous year. The Chinese company, not wanting to lose the contract, obliges, but corners have to be cut. It should be called Americanesium, not Chineseum.
Derek Guy (Die, Workwear!) posted a thread a while back (I think about 6 months ago) about how the Chinese can and do make great quality products, pointing out high quality fabrics. Give them money to buy good raw materials, give them a decent wage, and they'll put out a good product. Honestly, they probably have a more fair work ethic than some American companies that just feed their CEOs massive salaries or are owned by private equity.
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Whatever can be destroyed by the truth should be destroyed by the truth. (https://quoteinvestigator.com/2016/03/13/destroy/)
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Brazil shuts BYD factory site over 'slavery' conditions
From 2016 and still true today:
Chinese Government Subsidies Play Major Part In Electric Car Maker BYD's Rise
Yeah, subsidies and other benefits from governments exist but China is going all in.
My only point of confusion is that a 20k loss on every car is insane. I'm guessing its a bit of BYD is subsidised somewhat, and everyone else is price gouging somewhat. No idea the ratio.
Also odd that other Chinese brands (really only tried MG) dont seem to have the same high quality, high pricing that suggests the same level of crazy subsidies.
Honestly, there is just so much fuckery going I just have no idea what is what.
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Remember when China gave its biggest auto manufacturers $85 billion to keep them from going out of business when they made a bunch of bad financial decisions? Oh wait that was the US.
Anytime we bail out a company, I think we should nationalize it. We should just buy it from them.
