this post was submitted on 01 May 2024
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[Dormant] Electric Vehicles

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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

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[–] RememberTheApollo_ 11 points 7 months ago (1 children)

If anything, American companies have a massive resistance to change. Change has a risk and a price, and they’re determined to stick with what works. Like the movie industry…why make brave and risky moves to make a unique movie when you can retread old ones or wring every penny out of a franchise?

Anyway, the US auto industry has a long history of institutionalized exceptionalism, I can’t find it right now but there’s a quote from one automaker that, when confronted with a suggestion that change is needed, the response is essentially “you’ll buy what we tell you you’re going to buy”. IOW they dictate what the consumer wants and gets. And maybe they’re gambling on more protections against Chinese companies so they don’t have to change and can maintain their control. Incentives just seem to be soaked up and disappear. They jack up the prices to the consumer so there’s no real help, like Tesla raised their price to match buying incentives offered by the government to consumers. Straight up greed.

[–] AA5B 6 points 7 months ago (1 children)

short sighted greed. That behavior makes sense only if you’re focused on the short term and don’t care about the future of your company

[–] RememberTheApollo_ 8 points 7 months ago

Time and again the quarterly report has taken precedence over the long-term wellbeing of a company. Think of the value for the shareholders.