And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
“Detroit Motor City”. I.e subsidizing losses.
Of course you could apply protectionism, but that wouldn’t be fair and would set a public precedent on the global markets.
But yeah, the petroleum lobby really managed to screw us sideways. All those anti EV, anti solar and anti wind campaigns.
It is perhaps the biggest, oldest, slowest moving and most fraudulent of bailouts in all of history.
We are just that stupid.
'Murica!