this post was submitted on 25 Feb 2024
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Futurology
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They aren't price gouging, they have to pay actual living wages, have higher energy costs (China uses almost entirely cheap coal) and can't as easily use slave labor as Chinese automakers.
I trust u bro
GM has negative margins on EVs:
https://apnews.com/article/general-motors-path-to-electric-vehicle-profitability-bba3a9cbbd2aad0953cbc113e53d041c
As does Ford:
https://techcrunch.com/2023/03/23/ford-expects-ev-business-unit-to-lose-3b-this-year-hit-profitability-in-2026/?guccounter=1
This takes seconds to research.
yeah they are pricing gouging on trucks and SUVs while designing shiti products that's expensive/hard to repair.
also tesla seems to be doing fine. GM should git gud.
If you think the repairability of American cars is bad, you're in for a rough awakening with Chinese cars.