Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.
Ugh every single time someone posts one of these articles, people in the comments act like American auto manufacturers are some monolithic entity when in reality there are only 3 American companies remaining (GM, Ford, and Tesla) and they don’t even make a majority of the cars sold on the road here and one sells nothing but EVs.
The automotive market here is mostly comprised of foreign auto makers and none of them can compete with the shady economics of Chinese EVs just like their American counterparts. What you’re arguing for here is for the Walmart or Amazon of car manufacturing to take over and create a monopoly. Once they create that monopoly, they will 100% leverage it to their advantage and raise prices sky high. Then you’ll be complaining about all the people out of work and sky high prices on cars and demand that something be done about it. How about using a little bit of knowledge and foresight to stop it before it even starts.
What you’re describing has already happened in the US and China entering the market would break it. But since it’s western car companies doing it you don’t have an issue with it.
Oh, and most of those new Chinese EVs are actually way, way higher quality than even European brands.
What you’re describing has already happened in the US and China entering the market would break it.
🤦♂️
Please elaborate on how the market being divided amongst dozens of brands from nations all over the world is the same as a single, powerful entity like Amazon or Walmart controlling the entire market?
Some of the best selling cars here come from Japanese and South Korean companies, but go on with this nonsense about western companies (did you move the goal posts? I thought it was American companies just one comment ago) controlling everything. Are Japan and SK “western” countries now?
Oh, and most of those new Chinese EVs are actually way, way higher quality than even European brands.
Whoa, cool. What do you define as “quality” exactly? Most of the luxury European vehicles need very expensive maintenance on a regular basis to stay road worthy. I don’t consider over-engineering and ‘premium’ materials to be a sign of quality, I consider it a sign of marketing manipulation.
Please elaborate on how the market being divided amongst dozens of brands from nations all over the world is the same as a single, powerful entity like Amazon or Walmart controlling the entire market?
Because they’re a cartel. Next question. Brazil had a similar issue with all the big worldwide brands essentially colluding to keep prices high until the Chinese EVs crashed the market and forced them to bring prices down and offer better customer support.
What do you define as “quality” exactly?
Those Chinese EVs are actually quite simple to fix and maintain. The only issue really is getting the parts, but at least in Brazil, they have plenty of spares they imported directly from the Chinese mainland to help fix those vehicles. And in the event you go to their shop and your car needs a part that isn’t available, they’ll import said part for you and pay all of the fees - you just pay for the part and labor.
Ugh every single time someone posts one of these articles, people in the comments act like American auto manufacturers are some monolithic entity when in reality there are only 3 American companies remaining (GM, Ford, and Tesla) and they don’t even make a majority of the cars sold on the road here and one sells nothing but EVs.
The automotive market here is mostly comprised of foreign auto makers and none of them can compete with the shady economics of Chinese EVs just like their American counterparts. What you’re arguing for here is for the Walmart or Amazon of car manufacturing to take over and create a monopoly. Once they create that monopoly, they will 100% leverage it to their advantage and raise prices sky high. Then you’ll be complaining about all the people out of work and sky high prices on cars and demand that something be done about it. How about using a little bit of knowledge and foresight to stop it before it even starts.
What you’re describing has already happened in the US and China entering the market would break it. But since it’s western car companies doing it you don’t have an issue with it.
Oh, and most of those new Chinese EVs are actually way, way higher quality than even European brands.
🤦♂️
Please elaborate on how the market being divided amongst dozens of brands from nations all over the world is the same as a single, powerful entity like Amazon or Walmart controlling the entire market?
Some of the best selling cars here come from Japanese and South Korean companies, but go on with this nonsense about western companies (did you move the goal posts? I thought it was American companies just one comment ago) controlling everything. Are Japan and SK “western” countries now?
Whoa, cool. What do you define as “quality” exactly? Most of the luxury European vehicles need very expensive maintenance on a regular basis to stay road worthy. I don’t consider over-engineering and ‘premium’ materials to be a sign of quality, I consider it a sign of marketing manipulation.
Because they’re a cartel. Next question. Brazil had a similar issue with all the big worldwide brands essentially colluding to keep prices high until the Chinese EVs crashed the market and forced them to bring prices down and offer better customer support.
Those Chinese EVs are actually quite simple to fix and maintain. The only issue really is getting the parts, but at least in Brazil, they have plenty of spares they imported directly from the Chinese mainland to help fix those vehicles. And in the event you go to their shop and your car needs a part that isn’t available, they’ll import said part for you and pay all of the fees - you just pay for the part and labor.