posted in Technology
Ford CEO tells employees Chinese automakers could enter U.S. market in next decade
www.reuters.com/business/autos-transportation/ford-ceo-tells-employees-chinese-automakers-could-enter-us-market-next-decade-2026-07-30/
Replying to @sanitation@lemmy.today
Thank the Lord in heaven! I’d buy a BYD right now if I could.
Let’s take stock for a moment. A freaking Toyota Corolla is pushing $30,000. A Corolla.
A regular F-150 is $60,000+. The average new car sells for around $40,000, and the average monthly payment is close to $1,000.
And guess what? They’re not selling. They’re just too expensive. A Ford Raptor is over $100,000. Over $100,000. Dealerships are flooded with them, and they still aren’t making meaningful deals.
From a purely economic perspective, we need competition from China to force this market back toward affordable vehicles, because there are no genuinely cheap, affordable new cars in this country anymore.
Replying to @mechoman444@lemmy.world
Why are Chinese cars so inexpensive?
Replying to @OccamsRazer@lemmy.world
Many reasons but two big ones are that they don’t pay employees like North America does, and I’m fully convinced they’re pulling the EEE technique to dominate the NA market once they’re in.
Replying to @AstralPath@lemmy.ca
North American workers aren’t earning much more than they did 20-30 years ago while vehicle sales prices went up 8-10x. So no, it isn’t workers’ wages driving the difference. Executive pay, stock buybacks & dividends, lobbying, advertising have all increased multiple times more than EE pay packages.