https://finance.yahoo.com/sectors/technology/articles/chinese-engineering-american-production-could-140006620.html
12 replies (most recent on top)
With harder to get lng and depleted coal reserves for power plants to make the ev dream happen, no cheap diesel for trucks and jets and sketchy gasoline supplies with SPRs the world over emptying... car sales globally are gonna tank. When they do, there won't be a quick recovery if there is one. Oddly this appears to be by design, so new normal headed our way. Bikes are a b-tch to get around on in January.
So transferring technology and teaching them to make cars so GM could lower costs and increase profits in the short term was a mistake?
Who would have guessed!
At least the executives back then got great bonuses.
Chinese engineering is only as good as the person copying the tech. Saic owns gms a-s because they lifted all the r/d for the tech and lean process when the general decided to partner with communist backed companies years ago. The contract is up with saic in 2028 after that expect full on china invasion.
@y3 only consumers will pay tariffs...which is demed illegal by Supreme court....companies will get refund (if any), not consumers....so consumers who purchased anything with tariffs are already fu---d....MAGA
Tariffs don't work to bring back manufacturing because American companies just raise their prices and take extra profits instead of investing in new factories.
@hb subsidies and backup has nothing to do with engineering. They are already ahead in innovation and technology than us which is becoming a backward a-s country
If you're afraid of competition you'll never win.
Protectionism leaves society with inferior products and high prices
"If their cars are so terrible let them sell in the US."
You obviously don't work at General Motors. I'm giving you some credit here.
Because if you do, you aren't too intelligent. Everyone knows the endgame of BYD entering the market place. If you don't, look up BYD's impact on European automakers.
If their cars are so terrible let them sell in the US.
They won't be able to sell them anyway.
Chinese cars need to meet the safety and pollution regulations of whatever country they're selling in.
Chinese engineering? LMAO. Take away the govt subsidies, the state owned utilities and the all the other burdens US manufacturers deal with and there is no magic. Just the economics of two very different systems whereby selling into the over taxed doesn't fix anything on this side of the equation. Claiming an engineering superiority is thin cover for the jacked up economics and lack of pollution controls etc. I've seen it, it ain't pretty.
We know they're going to get into America eventually.
Why don't we try harder to compete with a good product at a fair price?
Instead we try to puff up profits with overpriced products with quality problems and old technology.