Ford’s CEO has issued a shocking bankruptcy warning, admitting that new EV competition could put legacy automakers out of business! With Chinese EV makers, Tesla, and BYD dominating global markets, traditional car companies like Ford are struggling to keep up with rapid electric vehicle innovation and falling prices. This video breaks down how the EV revolution, battery tech, and production costs are reshaping the future of the automotive industry.
Ford has spent ~$11B on stock buybacks in the last decade.
And this encapsulates why free market =/= capitalism.
Oh boo hoo porky. Cry me a bottle of bacon grease. This is your fault for sitting on your ass and doing NOTHING with your subsidies and all this trickle-down lies. You succumbed to hedonism and rolled around in the mud like the weak-willed pig you are.
Fuck car culture forcing a mandate on me to even drive this slop, but I’m at least happy the hand-me-down Jetta I bought off my uncle is one middle finger to you.
Should we build better cars at lower prices by investing in better automation?
No, it’s the Chinese who are wrong.
Given time, every American auto maker will turn into Harley-Davidson, selling increasingly outsourced, shitty, and expensive vehicles to a shrinking market of boomers while the rest of the industry moves on without them.
The difference is that when Harley got bailed out by Reagan’s tariffs people could still buy a small Honda and get plenty of motorcycle for cheap - but right now the trajectory for autos writ large seems to be cutting out all foreign competition entirely, forcing every American to keep buying boomer shitboxes.
This put a huge smile on my face ngl, guess that’s the result when they just keep pocketing any subsidies instead of actually making and improving shit.
American capitalists: People don’t want to buy our products because they suck. We cannot make better products because then we will make less money.
American politicians: People don’t want to vote for us because our positions suck. We cannot have better positions because then we will make less money.
I’m supposed to feel sympathy for these people?
they will put us all out of business
I swear I’m seeing this headline once a month for the past year. What do they want, another bailout?
Sure, Americans insist we must subsidize our precious corporate overlords, but when I suggest nationalizing them…that’s somehow unthinkable.
your ideology demands competition, you asked for this
You could try making smaller cheaper electric cars that people want to buy?
No?
Oh.
I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:
