Quote:
Originally Posted by au2000
I'd be interested in how the Chinese tax what's ultimately a u.s product compared to their own and in some cases state owned products. I'd hazard a guess the odds are stacked against ford and other companies over there.
|
Import tax into China for vehicles starts at 33%, those that choose to build there must
have a 50/50 joint venture Chinese partner, so auto companies are being ripped off .
Steve Saleem had a big chunk of his business and IP stolen recently because he couldn't
return to defend it, the local Chinese city funding him, moved in took all his plant equipmen
and started trademarking his IP.
By their own admission, Ford let its Chinese range get very stale in 2018 and learner that
the Chinese shun any vehicles seen as dated, that's continued in 2019 and of course, this year.
Ford is now hopelessly disconnected from global markets and completely focused on the USA.