The last time this happened it was Japanese cars, and the US auto industry failed and got bailed out. I expect that to happen again with Chinese EVs.
The ability to make cars involves a lot of skills that can have military applications. There’s a reason car factories were converted to build basically everything in WWII, and the US won’t give up that ability for national security reasons. So our auto industry can’t fail, and will be propped up by the government.
Absolutely they’ll get bailed out. They know they’re “too big to fail” and will make stupid short term decisions based on the fact that they won’t have to deal with their own nonsense further down the road.
The last time this happened it was Japanese cars, and the US auto industry failed and got bailed out. I expect that to happen again with Chinese EVs.
The ability to make cars involves a lot of skills that can have military applications. There’s a reason car factories were converted to build basically everything in WWII, and the US won’t give up that ability for national security reasons. So our auto industry can’t fail, and will be propped up by the government.
Absolutely they’ll get bailed out. They know they’re “too big to fail” and will make stupid short term decisions based on the fact that they won’t have to deal with their own nonsense further down the road.