Is This the End for the American Auto Industry?

I honestly don’t know how Ford will be able to effectively... [Outsider Club Header] Feb 24, 2024 By Jeff Siegel Is This the End for the American Auto Industry? If you cannot compete with the Chinese, then 20% to 30% of your revenue is at risk. These are the words of Ford (NYSE: F) CEO Jim Farley. And those words came just one week after Farley told reporters that the company has been “secretly” working on a low-cost EV platform. Why? Because while the electric Ford F-150 is a particularly impressive vehicle, most Americans can’t afford it. Of course, I could’ve told him that, but that’s not the point. The point is, Ford may have seen the light. The question is, can the company deliver? Marin Gjaja, COO at Ford’s Model e unit, was quite vocal about competition from China, calling Chinese EVs a “colossal strategic threat.” He further said that “Ford better get going on EVs, or it won’t have a future as a company.” But if Ford wants to compete with the Chinese, it’s not going to be easy. [URGENT: This Parcel of Land Could Gift You Half a Million Dollars]( [JMT Buried Under the Land Image](In a remote corner of North America, a team of geologists and explorers just found something truly amazing. Mining experts call it the last GREAT gold discovery on Earth. And if you invest in the tiny firm that owns this land — before Big Tech and Wall Street investors catch wind of it... You could turn $10,000 into over $500,000! [Get the lowdown on this urgent gold opportunity right now.]( Chinese automakers are already building manufacturing plants in Mexico in an effort to bypass US tariffs. That, plus the ability to make these cars cheaper and faster than any US company will really present a challenge for Ford, and quite frankly, all the other legacy carmakers hoping to keep the Chinese at bay, too. To be sure, Chinese automaker BYD (OTCBB: BYDDY) can produce its low-cost EV for as little as $9,000 in materials. That car will soon be available in Brazil with a starting price of about $20k. Of course, BYD doesn’t have to deal with burdensome union demands. And with the support of the Chinese government, it also doesn’t have to worry about supply constraints in the way US automakers do. It barely has to worry about profitability. I honestly don’t know how Ford will be able to effectively compete. Even with a nearly 30% tariff on China’s auto imports, a company like BYD could still find its way into the US market. The only chance US automakers really have lies in China’s ability to deliver a reliable vehicle that meets the high standards of most American drivers. 9 Billionaires Shifting Funds Here (Plus Warren Buffett) The smartest investors in the world are making a BIG move right now. David Tepper, Steve Cohen, Bill Gross, Paul Tudor Jones, Jeremy Grantham, George Soros, Carl Icahn, Jim Simons, and Larry Fink... They're jumping into oil and gas stocks with both feet. Meanwhile, 99% of investors can’t see what’s coming. According to Keith Kohl, our oil and gas analyst, three powerful economic triggers are converging on the oil markets right now... A "perfect storm" unlike anything we’ve seen in 50 years. The last time this happened, a small group of oil companies made 20x returns in a few years. Some gains were as high as 3,000%! That’s exactly the type of oil company Keith is recommending today.  He’s calling it "the No. 1 oil stock of the decade." [Get the name and ticker here before oil prices surge higher.]( I’ve yet to drive a Chinese EV, so I can’t say for certain that a company like BYD can, in fact, provide US consumers with a vehicle they’ll be willing to buy. But if they show up at the border with a $20k EV, I bet a fair amount of consumers will be willing to take a chance. And if those cars turn out to be safe and reliable, Ford’s days are numbered. But this is all conjecture. We still don’t know how this will play out, or even if China will have the ability to enter the US market. The one thing we do know, however, is that the race to build affordable EVs is no longer just a thought. It’s a reality. Ford is actively looking to build an affordable EV. Tesla is doing the same, as well as GM (NYSE: GM), Renault (OTCBB: RNSLY), and Stellantis (NYSE: STLA), which just a few months ago announced that it would be partnering up with battery manufacturer CATL to make cheaper EV batteries in Europe. But only time will tell if Chinese EV makers can convince Americans to drive their cars. One interesting thing to point out, however, is that China is not trying to build and sell internal combustion vehicles in the US. They’re trying to sell EVs, because really, that’s where the lion's share of growth is coming from in the auto manufacturing market. A reality that isn’t lost on me, nor is it lost on most analysts who know that the transition away from internal combustion towards vehicle electrification is well underway. And you better believe we’re going to milk this opportunity for everything it’s worth. In fact, my good friend and colleague, Jason Williams has already been making a fortune from a little-known income stream that actually pays you money anytime an electric vehicle plugs into a charging station. Even if it’s not yours! It’s called a “plug-in payout,” and it’s actually one of the easiest ways to profit from the rapid development of the global EV market. But don’t take my word for it. Just [look at the numbers for yourself.]( In some cases, you could even earn as much as $34,200 per year. That’s not a misprint. $34,200 per year. And you can [start earning your very own plug-in payouts right now.]( Bottom line: the EV revolution is well underway, and only a fool would miss out on this opportunity to make a ton of cash from it. To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's [page](. Follow the Outsiders [YouTube]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy[here](. 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