Are you just spouting our random things thinking it makes your earlier point more valid?
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?
Yes.
From your tone, it sounds like you think that’s a bad thing, yet it also seems like you’re arguing for more of the same from China.
Because all those foreign manufacturers are already selling their vehicles here and for comparable prices to the tiny share of remaining US companies that still exist (GM, Ford, Tesla). If you think these high prices are just US companies being greedy, then how do you explain VW, Hyundai, Kia, Toyota, etc selling their cars for the same price?
No you’re talking about licensing rules not crash safety standards. They’re completely different.
US companies are only a small fraction of the market here. The tariffs aren’t there to protect US companies, they’re there to protect US manufacturing and the US auto industry which is made up of mostly foreign brands.
Why don’t you buy a Bolt or Leaf if you want a 20k EV?
Those incentives don’t just apply to US companies only which is what China is doing with their state-owned companies.
The person who buys $100k cars isn’t going to be shopping in the $20k car market. This $20k EV already exists as the Nissan Leaf and it sells like shit because people don’t really want a stripped-down, barebones car. Teslas’ cheapest cars are twice the price and outsell it by several orders of magnitude.
We’re stopping China from selling cars here because they’re selling $50k cars for $20k which is a big problem for everyone but China.
There is logic to their argument. I think you just don’t understand the situation very well.
allowing local production to have a leg up while continuing their crappy business practices, like most US auto manufacturers.
What US manufacturers? There is only GM, Ford, and Tesla left. People are so ignorant of the market here while simultaneously telling us all “how it is” with their strong, uninformed opinions.
And these Chinese vehicle prices are artificially deflated.
They’re trying to pocket as much of our money as possible and they know if competition is introduced they’ll be forced to cut into those sweet sweet greedflation profits.
I’m honestly never going to buy another US made vehicle if I can help it. My next vehicle will more than likely be foreign electric
I don’t really follow this line of logic. You state that companies here are artificially inflating their prices but then state that you’ll buy a foreign brand electric, which is going to be one of the exact same companies that you accuse of inflating prices. There are only a handful of US car makers, GM, Ford, and Tesla, and only 1 of those 3 put out EVs in any meaningful quantity.
This is actually an excellent counter to the “piracy is stealing” argument.
I wouldn’t say it’s a waste even if you’re not maximizing the benefit of the large screen and high powered audio system. It can be nice just to go out and do something, have some beers, theater food, and popcorn.
Could you imagine going through security and then getting arrested for trying to carry explosives onto a plane?
They make it so painful though to obviously twist people’s arms into installing their data harvesting apps. Facebook on mobile is so stripped down and actually freezes half the times you try to use it.
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.