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.
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.
It isn’t 1970 anymore. Those three manufacturers are barely a blip on the radar in the US.
If they were barely a blip, they wouldn’t have been bailed out for
17.450 billion dollars.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.