schizoidman@lemmy.ml to News@lemmy.worldEnglish · 4 months agoProspect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersapnews.comexternal-linkmessage-square133fedilinkarrow-up1219arrow-down117 cross-posted to: automotiveeconomics@lemmy.world
arrow-up1202arrow-down1external-linkProspect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersapnews.comschizoidman@lemmy.ml to News@lemmy.worldEnglish · 4 months agomessage-square133fedilink cross-posted to: automotiveeconomics@lemmy.world
minus-squareSeattleRain@lemmy.worldlinkfedilinkEnglisharrow-up3·4 months agoIt’s not due to a lack of will. They can’t produce cars as cheaply because they’ve spent the last 50 years closing factories and buying back their own stock while China invested in their industrial capacity.
It’s not due to a lack of will. They can’t produce cars as cheaply because they’ve spent the last 50 years closing factories and buying back their own stock while China invested in their industrial capacity.