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  3. Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

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  • thomasfuchs@hachyderm.ioT This user is from outside of this forum
    thomasfuchs@hachyderm.ioT This user is from outside of this forum
    thomasfuchs@hachyderm.io
    wrote last edited by
    #1

    Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

    https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

    seanlinsley@mastodon.socialS P nucholab@genomic.socialN aeischeid@mastodon.socialA myphatself@mstdn.socialM 5 Replies Last reply
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    • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

      Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

      https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

      seanlinsley@mastodon.socialS This user is from outside of this forum
      seanlinsley@mastodon.socialS This user is from outside of this forum
      seanlinsley@mastodon.social
      wrote last edited by
      #2

      @thomasfuchs a silver lining is that cities are slowly but surely rebuilding their streets to no longer give cars the highest priority, making it practical for more people to not need a car

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      • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

        Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

        https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

        P This user is from outside of this forum
        P This user is from outside of this forum
        paulmcaleer@mastodon.social
        wrote last edited by
        #3

        @thomasfuchs Honda is in the mix too. Interestingly it would be stunning if Toyota – which famously eschewed EVs in pursuit of alt fuels like hydrogen – ended up walking away okay from this; their latest round of North American EVs are much more competitive. But as this article says, the direction is very clear and US (and some EU!) manufacturers aren't on it.

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        • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

          Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

          https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

          nucholab@genomic.socialN This user is from outside of this forum
          nucholab@genomic.socialN This user is from outside of this forum
          nucholab@genomic.social
          wrote last edited by
          #4

          @thomasfuchs

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          • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

            Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

            https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

            aeischeid@mastodon.socialA This user is from outside of this forum
            aeischeid@mastodon.socialA This user is from outside of this forum
            aeischeid@mastodon.social
            wrote last edited by
            #5

            @thomasfuchs one bright side might be how this could start to build a distaste for cars in the USA? Or at least more fertile ground for seeds of better urbanism to take root?

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            • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

              Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

              https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

              myphatself@mstdn.socialM This user is from outside of this forum
              myphatself@mstdn.socialM This user is from outside of this forum
              myphatself@mstdn.social
              wrote last edited by
              #6

              @thomasfuchs VW did just outsell BYD in China.

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