News and information from Europe 🇪🇺
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What you mean is Geely, A chinese company that owns Volvo, might build Geely cars that don't say Volvo on them in a belgian plant.
Which is what tariffs are intended to do - create local production instead of imports. It's why there are Japanese car plants in Canada for example. Canada's had (non-US/Mexico) car import tariffs for decades.
Doesn't bring any jobs though, and further removes local jobs as the imported vehicles are more robotised than domestic. Doesn't bring any design work home, thats all back in Japan.
All the high-value work is elsewhere, just the meat-robots that load the machines are left.
The only way the car industry could survive the onslaught of cheap, better-than-domestic chinese EVs would have been to invest in their production plants and R&D instead of stock buybacks.
The domestic manufacturers of Europe and the US deserve what they get.
There is a limited supply of engineers. Societies can't be good at everything. We want to have the best weapons, that doesn't leave much engineers for other tasks.
The americans with all their technical might and their monumental war machine can't win wars.
It got spanked by vietnamese farmers and the taliban.
Clearly, its a losing game to focus on that.
On top of that, that’s because the "free hand of the market" de-prioritises engineering. China doesn't. It pushes R&D on the long term.
That's why BMW is getting spanked by BYD. That and their pignose cars are fucking hideous now
It got spanked by vietnamese farmers and the taliban.
It's another discussion but the Americans don't need to win wars. Vietnam was about ending the gold standard and Afghanistan was an excuse to start the wars in the middle east, among other goals.
On top of that, that’s because the “free hand of the market” de-prioritises engineering.
The US have phones, search engines and AI. It's Europe that is falling behind.
That’s why BMW is getting spanked by BYD.
That's the point. The best engineers can either build tanks or weapons.
Clearly, its a losing game to focus on that.
That's the big question. In the long term, how can the US keep their lead? Chinese and Indian companies will become the big players. How else but with a war can the US stay ahead?