Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.

Senate Banking Committee chair called Chinese EVs an “existential threat” to the US motor industry.

Archived version: https://archive.ph/4RY84

  • BrikoX@lemmy.zipOPMEnglish
    252·
    7 months ago

    US claims to love their capitalism fueled open market. Yet they feel the need to subsidize them anyway and then cry that others are outcompeting them. Pathetic.

    • astraeus@programming.dev
      6·
      7 months ago

      Yeah this whole subsidize, too big to fail horseshit was status quo fifteen years ago but Stellantis isn’t even an American company. Let the Jeep factory shutter, stop giving into their demands for government fuel. Dry them up, let them go down. If they can’t survive without the subsidies, better more effective companies will.

      • PaddleMaster@beehaw.org
        4·
        7 months ago

        International competition is really amazing, it can drive innovation and make governments spend a ton of money on good things for society. It’s probably one of the biggest pros.

        But the US banning Chinese products (more than just cars) only delays the inevitable. China is producing cheaper products. Are they better? I can’t really answer that, since I don’t know. But I’d be willing to buy a Chinese EV. US auto industry would collapse if China was allowed to enter and honestly, we deserve it.

        The US is going to go through a strange and difficult transition when we are no longer the world leader on R&D.

        • elmicha@feddit.de
          1·
          7 months ago

          Are they better? I can’t really answer that, since I don’t know. But I’d be willing to buy a Chinese EV.

          I don’t understand that mindset. Wouldn’t it be a good idea to inform yourself before buying something so expensive? Who is going to repair that car? How long will you get parts for it? What if the US and China start a trade war? Will you still get parts? I’m in Europe and nevertheless I think we will have a lot of problems if the US and China start a trade war.

          I don’t even have to consider worker’s rights, human rights or environmental oversight in China. My own selfishness tells me that I should not buy a Chinese car.

    • Pacmanlives@lemmy.world
      11·
      7 months ago

      I mean I don’t fully disagree with you but we have been doing tariffs on cars for like a zillion years. Having grown up in the backyard of the big 3 and had both my great grandfather and grandfather work for them. They have provided their works a decent salary and benefits I will say it’s been worse and worse but that’s America business. You just can’t find a good pension job these days.

      These Chinese companies are working off slave labor and really shitty working conditions. Never heard of people jumping off a Jeep building like Foxconn. Let’s just put a net around the building #FoxconnNets