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Search resuls for: "Robinson Meyer"


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Over the past few months, America’s Big Three automakers — Ford, General Motors and Stellantis, the oddly named company that owns Dodge, Chrysler and Jeep — landed in big trouble. Ford, General Motors and Stellantis made billions in profit last year, even after a lengthy strike by autoworkers, and all three companies are forecasting a big 2024. The biggest threat to the Big Three comes from a new crop of Chinese automakers, especially BYD, which specialize in producing plug-in hybrid and fully electric vehicles. BYD’s growth is astounding: It sold three million electrified vehicles last year, more than any other company, and it now has enough production capacity in China to manufacture four million cars a year. A deluge of electric vehicles is coming.
Persons: , Stellantis, autoworkers, America Organizations: — Ford, General Motors, Dodge, Chrysler Locations: U.S, China, Brazil, Thailand, Hungary, Uzbekistan, Indonesia, Mexico
Ford’s River Rouge plant, then the world’s largest factory, ultimately inspired facilities by Renault, Volkswagen, Toyota and the Russian automaker Gaz. China learned to master the solar, battery and electric vehicle industries through the 2010s, while the United States was debating whether to pass clean-energy policy — and even whether climate change existed at all. With the Inflation Reduction Act, the United States now has an opportunity to become more competitive, and nothing gets lawmakers from across the political spectrum pumped up faster than the prospect of crushing China. But the United States cannot build a competitive renewable or electric vehicle industry from scratch. The history of innovation — and of the modern world, frankly — shows that American engineers will progress in these industries only when they can work with their Chinese counterparts.
Persons: Henry Ford, weren’t Organizations: Renault, Volkswagen, Toyota Locations: France, Japan, Germany, Soviet, Detroit, Rouge, Russian, Weimar, America, China, United States
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