Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not apply.
No, that has nothing to do with my argument. It has to do with the fact that buying a new car in the US is a complete scam that was only allowed to happen because the western car manufacturers used regulatory capture to make an entire cartel for the market. It’s flooded with 100k light trucks, terrible payment programs, and the entire thing is designed to keep you in massive debt. A 12k dollar Geely EX2 would completely blow up this scam.
That has everything to do with your argument because that’s exactly how China sells these cars for that price. You must be ignorant of that fact and think they have some magical ability to produce something so cheaply and nobody else on the planet can figure it out or replicate it.
buying a new car in the US is a complete scam that was only allowed to happen because the western car manufacturers used regulatory capture to make an entire cartel for the market. It’s flooded with 100k light trucks, terrible payment programs, and the entire thing is designed to keep you in massive debt.
Quite the rambling rant here. What specific regulations are you referring to? How could the market be flooded with $100k trucks if nobody wants them? What do auto manufacturers have to do with payment plans? You may not be aware of this, but loans come from banks and those loans have interest rates set by the federal reserve, which sets rates for all loans. Some manufacturers do offer loans but they’re always short term with lower than market interest rates to incentivize people to buy new. Furthermore, who or what is setting the requirement that people buy brand new cars in order to trap them in this massive debt?
No, that has nothing to do with my argument. It has to do with the fact that buying a new car in the US is a complete scam that was only allowed to happen because the western car manufacturers used regulatory capture to make an entire cartel for the market. It’s flooded with 100k light trucks, terrible payment programs, and the entire thing is designed to keep you in massive debt. A 12k dollar Geely EX2 would completely blow up this scam.
That has everything to do with your argument because that’s exactly how China sells these cars for that price. You must be ignorant of that fact and think they have some magical ability to produce something so cheaply and nobody else on the planet can figure it out or replicate it.
Quite the rambling rant here. What specific regulations are you referring to? How could the market be flooded with $100k trucks if nobody wants them? What do auto manufacturers have to do with payment plans? You may not be aware of this, but loans come from banks and those loans have interest rates set by the federal reserve, which sets rates for all loans. Some manufacturers do offer loans but they’re always short term with lower than market interest rates to incentivize people to buy new. Furthermore, who or what is setting the requirement that people buy brand new cars in order to trap them in this massive debt?