cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
American Automobile industry decided back in the 1970’s they were going to pull as much value out of the consumer as they possibly could, which destroyed the reputation of American cars being the best made vehicles in the world.
Americans want value, and to stop being screwed by more and more expensive cars which suck and break down, so are open to alternatives which is why the Japanese car imports exploded in popularity.
China is looking for influence, and so the “value” the CCP wants, is other than monetary to exploit the American populace, and this is one way they’re looking to achieve that.
So instead of expensive cars that suck and break down, we’d have cheap cars that suck and break down. Which is technically better, I guess.
“Foreign oligarchs are taking over!” - domestic oligarchs probably
This! This! This! Goliaths like GM could make competitive affordable cars tomorrow if they decided they’re were going to make money off building good cars instead of ripping off consumers, financialization and oligopolistic tactics.