Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’
Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’
BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.
cross-posted from: https://lemmy.ml/post/17087653
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I read this as "We're not competitive on a global market anymore, so let's retreat into an shrinking niche, until we're gone or someone buys us".
Sure, they can't compete in price, considering Chinese subsidies, but how about competing in the upper market, with quality and sophistication.... Oh, wait... those are US car makers. They wouldn't know quality if it smacked them in the face.
Well, then. Leave the low end to China and the high end to Germany and Japan then.
The corvette is the best track car for the price by far, same with certain camaros. And I'm not talking about Nascar tracks, I mean nordschleife times.
Is there enough of a market for Corvettes to support a global manufacturer?