Ford CEO Jim Farley said Chinese cars have “far superior” technology, lower costs and great quality.

  • sunzu2@thebrainbin.org
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    2 days ago

    Imagine losing to the Chinese despite all of the state aid, NAFTA, tax code and other policies being made for your industry.

    American corpos got too greedy… Too much grifting… Useless “Leadership”

    • Poach@lemmy.world
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      2 days ago

      Don’t worry they’re too big to fail, they’ll just get more handouts from the government. Like banning Chinese EVa

      • axx@slrpnk.net
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        21 hours ago

        And remember kids, protectionism is bad (except for when we do it).

    • NoPanko@feddit.uk
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      2 days ago

      I mean its not like Chinese car companies got there without significant help from their government either.

      • sunzu2@thebrainbin.org
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        2 days ago

        Correct but the Chinese are winning, we got dicks in our hands and nothing else to show besides national debt at 100k per head

        We started in stronger position too…

        Where did all the money go?!?

        • pg_jglr@sh.itjust.works
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          14 hours ago

          Don’t forget about cheap labor over there, economies of scale with the large Chinese market, and with a very different regulatory environment. The American auto industry has an uphill battle ahead of them.

          Not to excuse the lack of innovation here, I personally blame the trend of wealth extraction for executive pay and shareholder returns at the expense of long term thinking and reduced R&D spending.

        • NoPanko@feddit.uk
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          2 days ago

          Oh 100% i agree. And we know where the money went. Just look at how many more billionaires there are these days