The country of manufacture is irrelevant to the US government’s ability to impose restrictions on the sale of new vehicles within their borders. Chinese manufacturers could completely own the Mexican market and still have no presence in the US if a law is passed that says they’re not allowed.
Ford is currently #2 for EV sales in North America, and will only lose that spot to GM in Q4.
No, what I’m saying is Ford shareholders are okay with that, and part of the CEO’s job is making them happy alongside their workers. And if you look at the largest shareholders of Ford, they’re mostly wealth management companies who want those quarterly yields so the people who set up retirement/investment funds with them see returns.
Maybe if they’d build a decent economy EV (see: bolt) available for msrp people would actually buy the thing.
You know the Mustang Mach E was the only non-Tesla EV that could match the Bolt for sales this year, right?
Lucid and Rivian also bleed money
And it’s okay for them to lose money because Wall Street treats them like startups. If Ford or GM began losing money then shareholder would dump them immediately, because the investor that holds their stock does so expecting immediate quarterly dividends, not maybe-profit in 5 years.
A tremendous bargain.
The median US household income in 1965 was $6900/year.
Wow, companies without an inside line to the Chinese government are caught off-guard when the government changes its policies on private vehicle acquisition. Who’d have thought…
Nothing besides maintaining the illusion of free trade stops the US government from singling out a specific company for special restrictions. They already did so to BYD and CRRC in 2021, even though both companies have US factories.