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Ford CEO tells employees Chinese automakers could enter U.S. market in next decade
(www.reuters.com)
This is a most excellent place for technology news and articles.
Thank the Lord in heaven! I'd buy a BYD right now if I could.
Let's take stock for a moment. A freaking Toyota Corolla is pushing $30,000. A Corolla.
A regular F-150 is $60,000+. The average new car sells for around $40,000, and the average monthly payment is close to $1,000.
And guess what? They're not selling. They're just too expensive. A Ford Raptor is over $100,000. Over $100,000. Dealerships are flooded with them, and they still aren't making meaningful deals.
From a purely economic perspective, we need competition from China to force this market back toward affordable vehicles, because there are no genuinely cheap, affordable new cars in this country anymore.
Why are Chinese cars so inexpensive?
Heavy jnvestment in battery industry and government steered subsidies into renewables vs endless money to bomb brown people.
Yes, and don't forget low pay and long hours for their workers.
Sucks to live in the real world with real money instead of colonial dollars that can be infinitely printed