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
The businessmen in China know they will be shot by the government if they are too exploitative.
Replying to @Cherries@lemmy.world
You think workers have better quality of life in China?
Replying to @OccamsRazer@lemmy.world
In some areas, like being able to afford a car, people in China are probably better off than people in the US.
Replying to @Cherries@lemmy.world
Maybe, but vehicle ownership in the United States is way higher per capita. Something like 17 of households in China versus almost 90 in the United States. That could change with the availability and cost of electric vehicles, but as of now it’s still pretty skewed.