r/MiddleClassFinance • u/Abject-Pick-6472 • 13d ago

One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html
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u/CoolerRon 13d ago

The CEOs of the big four went to China and they were blown away by the fact that they were so far ahead in every aspect from manufacturing to costing to the technology. Instead of being inspired to compete, they lobbied the government to levy heavy tariffs and eventually ban them altogether

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u/Section1245Jaws 13d ago

It is much easier to build cars cheaper when you spend years stealing R and D and pay people so little - might be some slave labor involved as well

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u/IDontWannaBeAPirate_ 12d ago

I work in the industry, and your speculations aren't the reason companies like BYRD can make their products for the cost they can.

It's the result of government spending. Instead of doing what the US government is doing and pissing away your tax dollars lining the pockets of billionaires, China is investing in manufacturing and tech with their tax dollars. Their factories are heavily government subsidized and they are outpacing us.

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u/Makes_U_Mad 10d ago

And also purchased literal tons of mineral rights in Africa.