this post was submitted on 10 Jul 2025
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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)
submitted 1 day ago* (last edited 18 hours ago) by Davriellelouna@lemmy.world to c/technology@lemmy.world
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[–] Zwuzelmaus@feddit.org 19 points 1 day ago (1 children)

the most "innovative" thing you've managed to do in the last 20 years is rebrand Buick

... then you simply have no excuse anymore to exist at all.

[–] jubilationtcornpone@sh.itjust.works 25 points 1 day ago (1 children)

Well they wouldn't if not for that hefty bailout by the American taxpayers that they got back in 2008.

[–] Tiger666@lemmy.ca 7 points 23 hours ago (2 children)

Ford was the only one not to take a buyout, FYI.

Ford wouldn't survive BYD either, though.

Greed rules the Western world.

[–] wildbus8979@sh.itjust.works 8 points 23 hours ago (1 children)

In September 2009, Ford entered into an agreement with the Department of Energy and borrowed $5.9 billion

https://www.freep.com/story/money/cars/ford/2020/07/29/ford-government-loan-department-energy-debt/5526413002/

They still hadn't paid it back in full in 2022.

[–] LilB0kChoy@midwest.social 9 points 22 hours ago (1 children)

This is definitely worth mentioning but it's also good to note that it was a loan not a bailout and Ford has repaid it.

Documents filed by Ford show the company owed payments of $591 million in 2020, $591 million in 2021, and $289 million in 2022. As of this year, the loan has been completely repaid. But the compact cars it built with the original loan have since been discontinued.

Ford also received a $9.2B loan for EV battery factory projects from the government.

[–] psycho_driver@lemmy.world 6 points 19 hours ago (1 children)

The compact cars probably being the Fiesta and the Focus. The Fiesta is almost a perfect vehicle. Small but comfy for four decent sized occupants. Great gas mileage. Super reliable motor (I have one with 219,000 miles that's never even needed a tune-up yet--5 speed manual). They put ultra shitty automatic transmissions in them that failed after 35,000 miles so all the good was nullified by that boneheaded decision. Of course you always run the risk of being turned into a grease pancake by bro-dozers all day every day when driving a car in the US.

[–] LilB0kChoy@midwest.social 5 points 19 hours ago

I like small cars. I have a 2019 Kona and I love the size but I looked at the newer ones because I'm tempted by hybrid or EV. They the newer ones bigger so I decided to just hold onto my current car for a couple more years and then I'll look at a Telo.

[–] psycho_driver@lemmy.world 2 points 19 hours ago

P.S. Actually the average american would be benefited from that

Ford has been busy corporate decisioning itself into irrelevance for decades now. The only reason Ford is even still around is the F series.