And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
You think they have no employees at all? BYD had over five times the employees than Ford! And subsidies? In the US, we bailed out our auto sector during the Great Recession and heavily subsidize our auto sector via tariffs. Plus no car plant had been built in a generation without heavy state and local tax breaks and subsidies.
Seriously. What are you smoking? Cause I want some.