The US Hasn’t Noticed That China-Made Cars Are Taking over the World

bloomberg.com

10 points·mfiguiere··6 comments

> a yellow-gold, battery-powered Polestar 2 manufactured by Volvo and its Chinese parent Zhejiang Geely Holding Group Co.

Huh? Geely ain't even the largest shareholder (by capital or voting rights), let alone Volvo's "parent". 8.2% capital and 16% of the votes is hefty, sure, but far from designating one to be "the" owner (especially when Industrivärden has a bigger stake by both metrics).

Are you saying this page is wrong? https://en.m.wikipedia.org/wiki/Volvo_Cars

Ah, right, forgot that Volvo sold off Volvo Cars to Ford. I was referencing https://en.wikipedia.org/wiki/Volvo (and the financial report it cites).

It turns out if you have massive state subsidies and a lower cost of materials and workers, you can deliver products for cheaper than nations/companies that don’t have those benefits. More at 11.

so.. by this logic the US automotive companies should be cleaning house?

I mean if you throw billions of dollars to them.. you could consider that a "state subsidy" right?

" General Motors received $49.5 billion, repaid $38.3 billion, which left taxpayers an $11.2-billion loss.

The “old” and “new” Chrysler companies were loaned just under $12 billion from the federal and Ontario governments with just over $9 billion recouped, resulting in a $2.92-billion loss. "

Yes, did I stutter? That was also a decade ago, and I was saying the same thing then.

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