Our tariffs aren't there to protect local brands they protect every foreign brand in the US too which make up 2/3 of the market.
But the competition for consumers’ hard-earned dollars is fiercer than ever,” NATO president and CEO Michael O’Leary stated
I wonder how often this guy tells people that he's the "head of NATO"
Also around here, Regal is charging $18 per ticket for shitty service and the same theater experience that we can get for $9 at the local independent theater.
How does fiber being cheap help them if no ISP is willing to dig miles and miles of trenches to lay it and connect to their home? I live in the middle of suburbia and don't have access to fiber.
Your comment about subsidizing their lifestyle doesn't really make sense. What are you subsidizing exactly? This tech is also useful in poorer countries that don't have the infrastructure at all.
This is a good use for the old battery packs but it's not like you can just park the derelict car in your garage to power your home.
These packs will need to be processed and then resold as battery storage banks. This also ignores all the pollution created from producing these cars in the first place along with the pollution created from recycling the car only for them to be treated like disposable junk and tossed into the garbage after a couple years.
Are you just spouting our random things thinking it makes your earlier point more valid?
"More likely"
If these people could be replaced with AI already, they would be. It doesn't matter how much or little they make.
Give me a break. China has some of the most lax environmental regulations on the planet which is why all the nastiest shit on the planet is produced there. To pretend like they're some bastion of environmental protection is laughable.
Yes, they are subsidizing green technology but this isn't for the benefit of the people, it's for the benefit of the government as they want the rest of the world to be reliant on them alone. About a decade ago they did this same exact thing with photovoltaics and put a ton of solar manufacturers out of business because nobody could compete with a pocketbook the size of the Chinese government's.
In China, abandoned EVs are piling up all over the place. Can you point out what about this is good for the environment when EVs only begin to offset the pollution created from their production after they've been driven around for a few years?
https://www.bloomberg.com/features/2023-china-ev-graveyards/
A subsidy that applies to everyone in the market, not just the "home team." That's the difference between subsidies to entice consumers to buy EVs and subsidies to put your competitors out of business to the detriment of everyone but you.
This is obviously false as Tesla has their own battery factories and still can't sell that cheap, Korea has Samsung and LG manufacturing batteries on a comparable scale and Hyundai/Kia can't sell that cheap, Japan has (partnered with Tesla) Panasonic and can't sell that cheap. China is heavily subsidizing these vehicles. You can't sell an equivalent car for less than half the competition, tens of thousands of dollars cheaper, just because you happen to be vertically integrated in manufacturing a big part of the car.
Deflated thanks to the buying power of the US dollar. That's just more US economic policy rebounding on itself.
Deflated because China is subsidizing these vehicles directly as they're state owned companies. What are you even talking about with the buying power of the US dollar?
Domestic automakers are running enormous administrative overhead, thanks to their focus on stock buybacks and investment in kitsch features like AI. That, plus the high cost of computer chips created by the AI/Metaverse/Crypto bubble which is, itself, feeding into buybacks and other corporate accounting tricks to boost executive and board compensation.
Really? Let's see some names and numbers. How much did Hyundai invest in the Metaverse and crypto. How much have they spent on stock buybacks? What about Toyota, VW, BMW, GM, Tesla, Honda, and MINI. What percentage of their overhead accounts for these investments exactly? This reads like incoherent ramblings of all the things you don't like in the world but focused at car companies.
The real cost to produce for a new car (especially a small one) is fairly low and you can still turn a big profit on volume if you can outcompete American automakers on price.
So what's the exact cost to produce a new car?
Thanks to decades of consolidation
Uh, what? Are you referring to the decades of 1900-1910? GM has owned their subsidiary brands for over 100 years along with Ford and Tesla is a relatively new company. What consolidation?
They command hundreds of billions of dollars in domestic capital. Its not like these are three smol beans fighting the Big Scary BYD. These are three of the wealthiest and most profitable businesses to ever exist on the planet.
And China commands hundreds of trillions of dollars, which is who automakers are really competing against.
Three of the wealthiest and most profitable businesses to ever exist on the planet? This is legitimately hilarious and so false. GM was bankrupt 15 years ago. Ford has had to survive on government loans which it wasn't able to pay back until recently and both have a market cap of ~$50B. Tesla is an outlier as they're valued extremely high for their financial situation and what they've produced thus far and most people agree that they're a bubble waiting to burst. By what metric are they the most profitable and wealthiest?
Also, aside from all this ignorance, what's your justification for the bulk of the US auto market, made up of foreign companies, selling their cars for the same prices as these three domestic companies?
@ShepherdPie
@midwest.social