I swear to god this and the Ford CEO saying basically the exact same thing have some benefit for them that isn’t obvious. CEOs won’t even admit anything bad even when it’s their own company doing something wrong that has everyone pissed at them. There’s no chance in hell a CEO is going to publicly announce that “we have no chance” against a competitors product.
There’s probably some backroom deal with China where these guys “play the fool” for a day and then get access to something, whether domestic manufacturing in China, access to tech, access to rare earths, or some other thing.
They’re probably angling for more restrictions on Chinese cars in the US/Japan. Then they can enjoy their monopoly over the domestic market without having to actually invest anything to actually compete with Chinese auto companies
I swear to god this and the Ford CEO saying basically the exact same thing have some benefit for them that isn’t obvious. CEOs won’t even admit anything bad even when it’s their own company doing something wrong that has everyone pissed at them. There’s no chance in hell a CEO is going to publicly announce that “we have no chance” against a competitors product.
There’s probably some backroom deal with China where these guys “play the fool” for a day and then get access to something, whether domestic manufacturing in China, access to tech, access to rare earths, or some other thing.
They’re probably angling for more restrictions on Chinese cars in the US/Japan. Then they can enjoy their monopoly over the domestic market without having to actually invest anything to actually compete with Chinese auto companies
They’re saying they need more taxpayer money.