Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.

Senate Banking Committee chair called Chinese EVs an “existential threat” to the US motor industry.

Archived version: https://archive.ph/4RY84

  • astraeus
    9·
    8 months ago

    You know what, the US automotive industry has only served to produce useless vehicles with lower quality standards than anything other manufacturers produce. They cost the American taxpayers over $30 billion during the market crash of 2008 and most “US” brand parts aren’t even made in the US anymore. Toyota makes more “American” vehicles than GM or Ford do at this point and Chrysler is owned by Fiat (Stellantis which is a Dutch conglomerate that somehow is actually more of Peugeot than Fiat or Chrysler at this point? It’s a European super-conglomerate).