Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
My memory is that a Yugo was indeed propelled off the Mackinaw Bridge in ‘89 by wind after perhaps veering out of control. I happened to be on my way up to the cottage that night and northern Michigan winds, even on the mainland, were horrific. A 35 year old downstate lady died. But present day accounts dispute the role of wind in the accident. A local car audio shop where I’ve had work performed has a Yugo on display. As basic as you can get. Yes, it’s what I’d imagine someone as successful as FD to drive..
While we savage our own EV industry by yanking incentives, and add huge automotive costs via tariffs, China surges ahead. Shouldn't have given "Barney" Trump more than one bullet, he has managed to shoot both feet.
This is the CEO of a U.S. automaker telling it like it is.
"It's the most humbling thing I have ever seen. Seventy percent of all EVs in the world, electric vehicles, are made in China," Farley said Friday at the Aspen Ideas Festival, according to Business Insider.
"They have far superior in-vehicle technology. Huawei and Xiaomi are in every car," Farley said. "You get in, you don't have to pair your phone. Automatically, your whole digital life is mirrored in the car."
Farley also said that besides the superior technology, the cost and quality of Chinese EVs are "far superior to what I see in the West." "We are in a global competition with China, and it's not just EVs. And if we lose this, we do not have a future Ford," he added.
at FD. You make everything political. We own two cars,, a 2013 and a 2023. The newer car has so much tech and safety features it’s impossible to compare. Does the previous administration get credit for the vast improvements in all cars in the last decade?
The car inflation was about 22% from 2021 to 2023 + rates went up by a lot which means financing is more expensive, and that's why your 2023 was so expensive. It has nothing to do with the new features. There is nothing political, just economic facts.
I didn't realize you were an auto racing enthusiast. I'm curious why the Yugo was your platform of choice. These cars were slow and often criticized for poor safety and reliability. Did you swap the engine and modify the suspension? Perhaps an LSx V8 similar to the one referenced in the article below?
Never in my life have I owned a Yugo. I owned Japanese Hondas and Toyotas for decades but recently changed to Korean. Mona is one of these posters that can't accept my portfolio risk/reward success. It's all water under the bridge. All their grim forecasts turned out to be pretty wrong. Look who's laughing last. Thanks for asking.
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The chances I will ever buy an American or European vehicle are slim. If the Koreans would not be reliable because I have owned vehicles for 10 years, I would buy only Toyotas. Last week I changed my insurance and saved over 20% on (Home+Umbrella+Autos). This time I used a local independent broker with hundreds of 5-star ratings from Google, and he did it in 10 minutes. Replacing auto parts has been expensive for many years already. Inflation is a great excuse for many companies, including insurance companies, to raise prices even more.
Comments
Sounds about right.
https://qz.com/fords-ceo-concedes-chinas-ev-dominance
While we savage our own EV industry by yanking incentives, and add huge automotive costs via tariffs, China surges ahead. Shouldn't have given "Barney" Trump more than one bullet, he has managed to shoot both feet.
This is the CEO of a U.S. automaker telling it like it is.
"It's the most humbling thing I have ever seen. Seventy percent of all EVs in the world, electric vehicles, are made in China," Farley said Friday at the Aspen Ideas Festival, according to Business Insider.
"They have far superior in-vehicle technology. Huawei and Xiaomi are in every car," Farley said. "You get in, you don't have to pair your phone. Automatically, your whole digital life is mirrored in the car."
Farley also said that besides the superior technology, the cost and quality of Chinese EVs are "far superior to what I see in the West." "We are in a global competition with China, and it's not just EVs. And if we lose this, we do not have a future Ford," he added.
It has nothing to do with the new features.
There is nothing political, just economic facts.
Mona is one of these posters that can't accept my portfolio risk/reward success. It's all water under the bridge. All their grim forecasts turned out to be pretty wrong. Look who's laughing last.
Thanks for asking.
====================
The chances I will ever buy an American or European vehicle are slim. If the Koreans would not be reliable because I have owned vehicles for 10 years, I would buy only Toyotas.
Last week I changed my insurance and saved over 20% on (Home+Umbrella+Autos). This time I used a local independent broker with hundreds of 5-star ratings from Google, and he did it in 10 minutes.
Replacing auto parts has been expensive for many years already.
Inflation is a great excuse for many companies, including insurance companies, to raise prices even more.