>average auto profits was at "9%" in 2016 to "3.4%" today (due to clever accounting)>a lot of this has to do with China making cheaper automobiles and using highly automated manufacturing plantsHow do we stop this?
>>28971444>How do we stop this?Prop up India as a car manufacturing hub, as a bulwark against China and its shenanigans.
>>28971444Make cars worth buying
Buy an EV
>>28971485>don't give automakers high profits>demand them to give you a great carHow are they going to R&D and make production lines of cars and pay their top designers if you don't give them huge profits?
>>28971444>3.4%That doesn't even keep up with the real inflation rate (not that government-reported shit where everything is excluded). They'd just be making cars for practice.
>>28971444You can’t. China is undercutting western business and subsidizing the cost just to get market share and destroy competition. Anyone buying these is human garbage btw.
>>28971624I am so glad AMERICAN manufacturers have NEVER had help from the government. They have NEVER had tax breaks, incentives, tariffs/taxes placed on the competition, bailouts, etc
>>28971444Every industry is shit or collapsing now, EXCEPT for "AI"HMMMMMMMMM
>>28971574profits != revenuebet my ass that's the most pessimistic version of "profit" they could come up with
>>28971445oh fuck off and kindly kill yourself sar
>>28971445lol no, would rather give my money to chinks than jeets
>>28971662A few jobs ago I worked for a US road tolling company.I was one of 2 white people in the whole place. Indians and Chinese, 2 whites, 2 blacks. I'd go in every day and say "good morning" and no one would even turn their heads. We never had a meeting, not one. They wouldn't talk, you could hear a pin drop if you're neurotic enough. The chinese guy working 5 feet away from me for years? Never knew his name, idk if he even spoke english.
>>28971444>(due to clever accounting)what do you mean by this?
>>28971444Except toyota. How much profit does toyota make per unit?>t; thats how much theyre ripping you off
We need to make cars less safe. AI says that roughly 10% of the cost of a new car is safety related items like seatbelts, airbags, sensors and cameras, plus who knows how much it cost just develop them and integrate them. Yet fatality rates have only dropped from 15 to 11 per BILLION miles compared to 2005.
>>28971667That's grim.
>>28971667what the hell is a road tolling company?
>>28971551Not my problem
>>28971624I don't care I just want a $15k ecobobox and fuck western companies for depriving me of that
>>28971700>what the hell is a road tolling company?We developed automated road tolling, where sensors detect your car. We could catch the plate of a bike at 200mph. This was over 10 years ago.From day one they gave me a laptop and let me access live feeds of 8 angles minimum of every intersection in NYC. I'm 1,000+ miles away but was the only 24/7 sysadmin for every road toll in NYC. I lquit because I thought it was wrong.
>Move manufacturers to China to maximize profits>China starts making cheap knockoffs with batteries>Lose profitLike poetry.
>>28971635People who complain about "subsidies" are just revealing that they don't understand how money works for a sovereign government. China issues its currency. It cannot run out of it. It does not need to collect it from somewhere else before it can spend. So it can, and should, subsidize things it deems to be in the nation state's interest.
>>28971635There's the difference from a US company getting a 10% tax break from the federal Gov to help expand.Then there's China, who is subsidizing 100% of their EV car businesses.
>>28971845The United States is a monetary sovereign, just like China. It's a policy choice.
>>28971884no it's not dumbass it's state economic control also known as mother fucking communism
>>28971888It's going right over your head.
>>28971845If the Chinese were actually losing money on every car, why wouldn't the US government buy up every car they have for sale and bankrupt them?>Gold is $4500/oz>China says, "Oh ho ho, we're going to corner the market on gold and sell ours to foreigners for $2000, taking the other $2500 from the Chinese people!">US Government: "CHINESE GOLD IS TOO CHEAP! WE ARE BANNING THE PURCHASE OF CHINESE GOLD!"Why wouldn't you just buy all of it?A constant refrain is "nobody can compete with China due to Chinese subsidies", but if China is losing money on each product sold, how do they keep getting richer?
The Chinese use slave labor to make their dogshit cost less. If we just glassed the Chinese we would have 90% of our problems solved in the world.
>>28971574>>28971652It's like Hollywood accounting. Budgets are $200M and you "lost" money despite making $500M because you can say the billboards you put up cost $50M to advertise and it's a subsidiary you own and paid that amount to. They can make up whatever the fuck expenses they want to lower their reported revenue and keep their profits low. >oops haha I spent $10B in R&D that improved things by 0.01% it's an expense you can't tax me for it lolAnd if something goes wrong, you can get the government to bail you out like GM.
>>28971624>subsidizing the cost just to get market share and destroy competitionWow, so the more cars we buy from China, the quicker they bankrupt? If they lose 10k per car, we should buy 1 billion cars from China and make them lose 10 trillion dollars. This is on top of other things they're subsidizing as well. We can realistically make China lose 100 trillion dollars a year.
>>28971918>The Chinese use slave labor to make their dogshit cost less.it's called a surplus
>>28971668By saying you're making little to no profit so you don't have to pay taxes or anybody you owe money to.For example, Forest Gump the movie made made $677M. But the author of the book made no money, despite signing a contract stating he's entitled to 3% of the movie's profits. On paper, Forest Gump the movie didn't make a single dollar, but actually "lost" money on a $55M budget.
>>28971444>How do we stop this?Stop overpaying retards. If profits are down, executive team gets a pay cut.
>>28971914Because the communist party in China has enough money to bankroll EV car makers 100%.They just use revenue from other areas to cover it.It's a huge debt hole but they are assuming then take take a huge market share.But I think there's a limit on share and the china boys will quickly realize the juice isn't worth the squeeze.My guess is: the 100% bankrolling will eventually end and 99% of Chinese EV companies will be bankrupt.
>>28971992>They just use revenue from other areas to cover it.No. That's not how sovereign money works. Governments ISSUE money. They CREATE it. They don't need to pull money from somewhere else if they want to fund something. Debt for monetary sovereign nation states is not at all like debt for a business or a household.
>>28971955anon you're confusing a lot of things here. movies are not standalone legal entities. the parent entity made money.
>>28971624>China is undercutting western business and subsidizing the cost just to get market share and destroy competitionJapan tried the same thing. In the Eighties everything was going to be Japanese because they were undercutting everybody and then buying everything. That's why it's Nakatomi Plaza in Die Hard since Japan owning the world was the zeitgeist of the thime. Then it went *pop* despite Japan having a sovereign currency.
Kill yourself, Twitter screencap poster.
>>28971444You dont. Cars destroyed the u.s.
