Four years after the United States-Mexico-Canada trade agreement (USMCA), Mexico and the U.S. face the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining GM, Ford, and Tesla.
  • @mlg@lemmy.worldEnglish
    17•11 months ago

    If they were barely a blip, they wouldn’t have been bailed out for 17.4 50 billion dollars.

    • @ShepherdPie@midwest.socialEnglish
      -4•11 months ago

      Perhaps “barely a blip” wasn’t the most accurate phrasing but they’re not exactly crushing the competition. GM is at 16.5% while Toyota is #2 (14.4%), Ford #3 and Hyundai is #4. Stellantis isn’t even a US company so I don’t know why people still think of Dodge/Chrysler/Jeep as American brands. The whole market is pretty mixed and these tariffs on Chinese vehicles are protecting the market not US companies.

      https://finance.yahoo.com/news/teslas-us-market-share-now-tops-volkswagen-subaru-and-bmw-161055575.html

      The bailouts were given to save US manufacturing jobs and all these companies besides Ford have fully paid back those loans.