Quote from newguy05:
It's exactly those kind of backward mindset shared equally by the overconfident us automakers and flag waving morons(ie 4444cjones4444) in this country that destroyed our industries.
The same was said when japanese first came to the us, now japanese automakers completely dominates the market.
The same dismissive voice was shared again when korean came to the us, now hyundai is another dominate force in the us.
Meanwhile, the us automaker is close to bankruptcy, even with billions poured into it by OUR money. With noone willing to buy their cars (except cjones of course!).
Also remember when the same was said about who on earth would buy a flat screen tv made in china when they first came on the market? now majority of them are manufactured in china, and everyone in the us is happily buying them.
To be competitive, you first need to have the foresight to see further than what's directly ahead of your feet.
China's electrical car industry is in full gears right now, with government pouring in investment and favorable policies unheard of in other countries. They are basically just writing a blank check to their auto industry to build electric cars.
And buffet took notice.