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249 points Jtsummers | 1 comments | | HN request time: 0s | source
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softwaredoug ◴[] No.45762476[source]
By not aligning economically to other country's markets, US companies are in a real pickle.

Imagine you're a US car manufacturer. You see EVs growing around the world, and stagnating in the US. Do you:

(a) Double-down on investments in EVs (billions of USD!), even with a soft US market for EVs, hoping you might compete globally.

(b) Become a parochial, US-only, business hoping to squeeze what you can out of a gradually shrinking industry

When other countries subsidize consumers to buy EVs, and the US does not, it effectively creates a self-own trade barrier for domestic companies.

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Sevii ◴[] No.45762664[source]
Do US car companies compete globally anywhere? Chinese people aren't buying GM cars. The US car industry hasn't been competitive globally since Toyota started making cars.
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1. rsynnott ◴[] No.45769469[source]
Both Ford and GM _used_ to, in Europe. GM got out a while back, with its remaining brands becoming part of Stellantis, the Dutch company who makes all the car brands that you can't quite believe still exist. Ford seems to have... faded out in the consumer space the last decade; they still make vans, and I think they still theoretically make a car or two, but you never see them anymore.