Simple affordable vehicles if they want to keep the factories busy and and sell a lot of vehicles. Greatly reduce the massive trucks and SUVs. I don't know how many people need to tell them that before they finally listen.
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China will soon, or prolly has already, be the number 1 country. US oligarchs are just focussed on getting richer instead of trying to advance humanity technologically.
A nation can enrich it's elites in the short term at the expense of its people, or it can invest in its people (education, commons, etc) at the expense of its elites.
The west, and especially my cesspool the US has made its choice.
China has been heavily building up its commons and infrastructure in the same 40 year span the US has let its commons and education fall into utter ruin in order to sell economically segregated education and gated communities for private profit.
The US is culturally indoctrinated to be hostile towards the very concept of society. Imagine resenting paying into universal healthcare because you don't want to accidentally pay for your countrymen's "bad decisions" like... Eating food.
I go on Rednote quite a bit. The US attitude towards China, just like non pure crony capitalism is "they are evil and from hell" for being a society. Their people, not their politicians, their people, are sweet, intelligent, and mostly treat Americans with an "are you guys OK? We've heard (true) horror stories."
Thats humanity. Why would I want my schaudenfreude and greed ruled cesspool to "win?" It's not about winning, it's about the wellbeing of ALL your people. If the US dominates the world culturally, all that would mean is that humanity stands for "fuck you I got mine" at which point I have no comradery with my species whatsoever.
Actual human worth/value is measured in empathy for one another, which makes the US destitude in what matters.
I dunno how the Japanese and Koreans will do, but I 100% guarantee that the American companies will do absolutely nothing, whine about it to their child rapist in chief and then get a massive government bailout paid for by ordinary Americans.
Oh no my portfolio... Seriously, there's something called competition, it's been around for a long time. If Chinese companies continue pushing ahead while US companies remain complacent then that's just what will happen. These older car manufacturers have had DECADES to prepare for the newer battery tech to design and build good affordable BEVs, but they just didn't.
This is what happens when billionaires try to steal the future. Read about the General Motors EV1. Oil companies have fought against the development of EV charging infrastructure in the US.
I would bet that Chinese auto manufacturers aren't taking 6 billion a month out of their company to pay shareholders in stock buybacks. Maybe reinvesting in the company to remain competitive is in fact, a good strategy.
Not my portfolio!
GOOD.
They will be fine, the USA will just bail them out again and again
The USA has not been a leader in production of goods for a very long time, since the 70s for some industries. They have survived by having massive amounts of buying power.
The us is now running out of that power since about 2015. They will soon not have the option of bailing out companies.
Maybe the workers at Toyota, Ford and Honda should take control of these plants. They would run it better without the capitalist leeches squeezing out every ounce of profits into their own pockets.
I genuinely think there will be a few major auto manufacturers who don't survive the EV transition. Either they will go bankrupt altogether, or be bought out by other, more competent manufacturers.
Why don't you try, I don't know, making a better and more affordable product?
Of course I'm not invested in individual transportation companies. Even less with the ones refusing to set on EVs.
Cold Take:
Good. They don't deserve to survive. Demand will ensure industry bounceback and stability long term, at least nationally as new buniesses fill the void and labour recovers. Mind you, the US industry will probably never compete globally again having collectively chosen to just lag behind technological trends toward efficiency and sustainability to appease fossil fuel entanglements. These companies made the decisions they did not to adapt at a critical turning point and this is the result, and their current rhetoric is an artifact of decades of coddling by a lopsided nanny state spoon-feeding subsidies and bailouts to shitty investors and executives with garbage management practices at the expense of public services and infrastructure. There is no too big to fail, that's capitalist coping propped up by a corrupt and captured economy that THEY lobbied for.
In short, get fucked, and take your CEOs with you.
I don't want cars to survive.
Nooo don't let the Chinese subvention a total transition to clean energy!!1!!! 💀💀💀
Got to used to not having to compete