Podcast Appearances
And our companies need scale.
The US is only 10% of the world auto market.
So it was the stick and the incentives were the carrot.
Trump's ripped all that away.
So short term, it's a bit of a boost.
Well, the tariffs have cost billions.
So on one hand, he's given them steroids.
On the other hand, he's sawn their arm off.
You know, again, this is toddler with the chainsaw economics.
But if we don't compete in EVs, which were 25% of world auto sales last year,
We're British Leyland.
I don't know about way better, but they're very good.
The Germans got destroyed in the Chinese market.
So some of their new stuff coming out next year is really good.
And this new Ford $30,000 small SUV and pickup truck is going to be tremendous.
We're catching up pretty quick, but we need our home market to support us.
Well, the Chinese don't care about making any money.
They've got 100 brands of car.
They make gas cars too, as many as they do EVs, more actually.
None of them make money.