From 'slippery slope' to 'existential threat,' auto CEOs sound alarm on Chinese competition

[Zorro]

Western automakers, from the Big Three to EV pure plays, are delivering the same stark warning: Chinese automakers pose a threat to their survival if domestic production isn't protected.

"China poses a clear and present threat to the auto industry in the U.S.," wrote the Alliance for Automotive Innovation (AAI), a trade group that reps the Big Three, among other automakers, ahead of a House hearing on Chinese vehicles last December.

The AAI said Congress needs to maintain the Commerce Department's Biden-era prohibition on importing certain technology and software from China, which effectively bars the import of vehicles from Chinese manufacturers.

In recent comments, corporate executives have hammered home a version of this messaging.

https://finance.yahoo.com/news/from-slippery-slope-to-existential-threat-auto-ceos-sound-alarm-on-chinese-competition-153037342.html

Trump and the Republicans effectively ceded the EV market to the Chinese when they voted to kill EV tax credits last year; same thing with solar. They are determined to sacrifice our leadership in emerging technologies for the short-term benefit of the coal and gas industries, but even that won't help the likes of Chrysler/Stellantis.