China Hits New Export Record; Honda Wants More In-House Made Parts - Autoline Daily 3809

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vechicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings snd new car reviews.
0:00 Companies Want to Poach Laid Off Tesla Employees
1:44 Honda To Make More Parts In-House
3:13 More Automakers Pull Back EV Plans
4:13 Used Car Prices Drop in U.S.
5:02 U.S. To Impose Tariffs on Chinese EVs
5:46 China Car Exports Surge to New Record
6:31 Ford Promotes CFO Lawler To Vice Chair
7:03 Cadillac Makes Documentary About Return to Le Mans
Story Links:
- Tesla Removes Most Job Listings: insideevs.com/news/719111/tes...
- GM Looking for Tesla Interns: www.autonews.com/automakers-s...
- BP Reaches Out to Stranded Tesla Real Estate Partners: insideevs.com/news/719147/bp-...
- BP Pulse Signs $100 Million Deal with Tesla: www.bp.com/en/global/corporat...
- EnviroSpark Wants to Hire Supercharger Team: electrek.co/2024/05/09/enviro...
- Honda FY2024 Results: global.honda/en/investors/lib...
- Mercedes Zero Emission Transition to Take Longer Than Expected: insideevs.com/news/719012/mer...
- VW Eyes More PHEVs: insideevs.com/news/719046/vol...
- Rimac Says Supercar Buyers Don't Want BEVs: www.motor1.com/news/718973/ri...
- U.S. Used Car Prices Drop: www.wardsauto.com/dealers/use...
- U.S. To Impose Chinese Tariffs: www.bloomberg.com/news/articl...
- China Car Exports Hit Record: www.reuters.com/business/auto...
- Ford Promotes CFO, Hires New One: media.ford.com/content/fordme...
- Cadillac LeMans Video: media.cadillac.com/media/us/e...
- To read the transcript for today's show click here: www.autoline.tv/daily/ad-3809...
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[@seymorefact4333]

🤣🇺🇸🤣 I want over capacity ev from China.... means lower prices with advanced tech! USA evs are too expensive and last gen tech.

[@tren133]

Well consumers ALL OVER THE WORLD will benefit from such overcapacity. Consumers all over the world other than the US and Canada, that is...

[@BTC_Minarchist]

Not all US EVs are too expensive.

[@stephendyson1936]

All that tech in Chinese EV could be harmful to US and Canadian security. Be careful what you wish for.

[@jpasa9206]

I've been driving for 55 years and my 2024 Bolt is by far the best car I've ever had. I don't see the industry promoting EV's by explaining why current drivers feel that way. Instead, the narrative is being driven by people who dislike the entire concept.

[@jamesvandamme7786]

A lot of them are being paid to dislike them, and spread their opinions around the news media.

[@BTC_Minarchist]

Bolt is a solid little car. Probably one of the best GM has produced in the past couple of decades.

[@MrProy33]

If the government had allowed public conversation instead of issuing mandates, then Americans might have been receptive. Except for those of us who actually like cars and trucks--for serious hauling, being able to work on em ourselves, for the entire rural/farming/ranching used truck economy,, for the entire used vehicle construction industry, for long travel and vacationong, etc. It would have been smart to include the poor, apartment dwellers, the young, and fixed income seniors 8n that conversation, too. If you tell an American they have to do something they don't want and dodn't ask for, you can expect civil disobedience.

[@JD-yx7be]

I'm excited for the next gen bolt which will have much faster charging and a LFP battery.

[@BTC_Minarchist]

@@MrProy33 mandates rarely go well in the US. It goes against our culture. Also, the politicization of EV by both sides has been detrimental to auto, the nation, and consumers over all. It should be a consumer decision.

[@bob808]

Umm, we aren't getting any of China's 'unwanted' BEVs here in Aus, as we are a RHD country. If anything, China isn't making enough BEVs for us!

[@roxter299roxter7]

Those people won’t be out of work for long.

[@JarmelSingsKaraoke]

🔥 Happy Friday 🔥 Thanks for a good week Autoline

[@tesla_tap]

Great that BP has a $100M contract to buy and install Tesla Superchargers (branded as BP) to replace dead and dying CCS slowchargers. Tesla announced spending $500M on more Supercharger locations and stalls for 2024. Lot of choices for NACS, no so much for dying and unmaintained CCS slowchargers.

[@dertythegrower]

Elon also signed with GM and Ford to use them last July. Elon was 3 steps ahead as usual with predicting longterm

[@CSHarvey]

The only painfully obvious thing is that US OEMs are stumbling and going to have their lunches eaten by cheaper, more efficient foreign autos. Again.

[@MrProy33]

Chinese autos aren't allowed in the US. Hell,, we're banning tiktok... no way in hell do we bring in these Chinese laptops-on-wheels. Plus, the people it's made for, the poor, don't have access to chargers. These are for Europeans, who don't mind getting into bed with the Chinese.

[@JD-yx7be]

on the used market, my 2020 Tacoma shot up in value shortly after i got it, now it is back to somewhat reality. I'm hoping to replace my 95 f150 with another "classic" truck that has less rust and prices of those are coming back to reality too

[@BTC_Minarchist]

I think you'll be finding some deals in the coming months.

[@rp9674]

It's obvious most automakers were not ambitious enough with their EV plans. "The slowdown in EVs" story they've been selling since Jan. Should have predicted a cold year based on January weather.

[@rp9674]

Stalling is more accurate

[@davidgrisco1939]

No, it's obvious EVs aren't THE answer, just one possible answer.

[@AllanSustainabilityFan]

Yep, legacies got caught with their pants down, moving into EVs too late, unable to make them cost efficiently like the market leaders are, thus had to subsidize them with ICE sales. Well now the market is down, ICE sales are falling, EV sales growing at a slower pace while there's turbulence - high inflation, high interest rates etc - so these laggards are losing too much money to keep up. So what do they do? They cut their lifeline so the golden parachutes can survive the short term, it's always the next guy's problem. But boy they sure are spending big on their media to spin the message about hybrid popularity, when all they're doing is just moving one ICE card bucket to another.

[@landcruiser801]

@@rp9674 Yep, create the lack of demand by not making compelling vehicles... then say nobody wants to buy these sh1t EVs the market is not ready... NO, you OME are not ready

[@JD-yx7be]

@@AllanSustainabilityFan Tesla has been losing market share, there were 80% of the EV market around 5 years ago, it has dropped to 50%. Tesla was slow to adopt 800 volt charging only the Cybertruck has it. Kia, GM, VW, has had it for some time now

[@urbanstrencan]

Legacy automakers should be on hiring spre picking up Tesla engineers

[@mikedx2706]

It strikes me that all the other players the auto industry have realized that the laid off folks at Tesla were among the Best and the Brightest in their fields today, so they better act fast to pick up some of them for their own companies.

[@bunsw2070]

How do you know that? You believe everything you hear?

[@AllanSustainabilityFan]

Yep, Tesla and SpaceX have always been trading places as #1 and #2 most popular places to work for engineers for years now. They are like the SWAT team of engineering, so when they get poached many often end up in senior positions - Ford for example - to help companies replicate some of that Tesla agile formula.

[@FrunkensteinVonZipperneck]

GM won’t hire “brightest and best.” Culture clash 😂

[@anydaynow01]

@@FrunkensteinVonZipperneck GM actually hires great engineers who come up with game changing ideas, it's just that the suits and bean counters don't/won't listen to them!

[@davidmenasco5743]

​@@bunsw2070The proof is in the pudding. Their charging network actually works. Tesla drivers love taking road trips and have no trouble going cross country. Every automaker needs to be able to say the same thing about their EVs, which is why they all adopted NACS.

[@MarksElectricLife]

Lucid? Hardly the poster child for financial success 🤨

[@russh6414]

Wait, there is a Haggerty channel?

[@bobbbobb4663]

It's a nothing burger where Cammisa slurps up the CyberBust.

[@BTC_Minarchist]

Yes, and they have a podcast too. They focus mostly on ICE cars and occasionally on EVs. It's very entertaining. If you enjoy car talk, especially about classic sports cars and cult classics, it's a fun listen.

[@alextube2551]

Japan should go green with Chinese EVs

[@ChicagoBob123]

Will any of these people use NACS?

[@phillyphil1513]

Q: Will any of these people use NACS? (Phil shakes his Magic 8-Ball, the little window is cracked but it still works) A: "Cannot Predict Now..."

[@AllanSustainabilityFan]

It's now the actual standard, using anything else would be foolish in the US, and likely NA as a whole.

[@landcruiser801]

Err yes

[@dertythegrower]

Last July 2023, Ford and GM folded and signed electric charger deal with Elon..

[@JD-yx7be]

NACS is a standard now just like USB is on your phone or computer

[@sunrisejak2709]

How many of the legacy auto companies over the past 125 years built gas stations? I suspect none. A different dynamic exists with the roll out of EVs. It's going to take awhile for the dust to settle for the entire infrastructure to displace gas stations.

[@krafter324]

BP will take over if they are buying Tesla chargers. That’s the only logical thing I can think of is that he just wants to sell chargers and not install them.

[@landcruiser801]

BP said a few weeks ago... we are investing $1bill over 10 years on chargers. Musk today said we will spend $0.5 billon this year.... tehn factor in that BP are buying the Tesla chargers... hmmm not all as it seems, laying off staff is not an indicator of what Musk is doing

[@dertythegrower]

The supercharger team was not fired... Pay better attention, GM and Ford made a deal finally to use Elons chargers in July 2023, and r&d was not needed anymore as they need to be more efficient and hire more installers for the charger network to expand into suburban areas, now that Model3 is cheaper than a lot of basic vehicle companies here...

[@danharold3087]

My hope is that Tesla wants to put effort into electric truck stops.

[@BTC_Minarchist]

For investors, where the information really matters, it's wise not to assume anything or jump to conclusions as to Tesla's plans and instead wait for their official plans. If just for fun, then go crazy with conjecture!! I wait to hear from the official source and never, ever trust MSM. Take what they report with a grain of salt.

[@FrunkensteinVonZipperneck]

Does the China’s export include Teslas sent to Canada?

[@jt-ttt]

包括

[@davidmccarthy6061]

There is just no way to ramp up EVs fast in the U.S. because everyone has seen all charging happening only on highways, were nobody lives or works. We're a decade away before there is any amount of local charging to help 60% of car buyers to move away from gasoline.

[@jamesvandamme7786]

What's the excuse of the other 40%?

[@BTC_Minarchist]

That's not how the Tesla SC network is setup. In all but the most sparsely populated areas SCs are in towns and off highways. I literally have a SC 1 mile from my home and another 5 miles further and I don't live off a highway.

[@typxxilps]

You can not go hybrid if your future competition is coming from China and taking over markets and also tech or how much advantage can be found comparing any id whatsoever with a BYD which is also cheaper ? If you are weak and not willing to compete then you live an old dream and will awake most likely dead cause when Mercedes will make the final move they will be again behind not only Tesla but maybe even chinese. They have a lot too loose, the new chinese not.

[@JD-yx7be]

China is not competing they are Price Dumping.

[@Roddy451]

Algoritmo (Algorithm in Yucatec Maya)

[@charleshaggard4341]

Maybe Sherry House is going to get Saudi PIF to buy Ford. lol

[@battousaihimura]

6:58 Ford got their new CFO from Lucid? 💀💀💀 ok......

[@JT_771]

haha, yeah, that's what I as thinking too

[@RB-pi3jl]

You can't make this $h!t up. 🤣

[@rare_wubbox360]

So sad to hear you spreading fud regarding BEV demand BEV sales are up yoy… but of course when most companies cant produce compelling BEVs in high numbers - there will of course not be sold that many Shift to BEVS is happening now/ this decade… crazy that that many oems are trying this hard to go bankrupt

[@JBear-in1ql]

If all these commentators are saying that consumers no longer demand EV’s, then why the need for massive tariffs on Chinese EVs? Let the Chinese come in and set up shop so they can lose their shirts!

[@rok1475]

Just 4 weeks ago Elon fan club members were salivating about pre-fab supercharger stations being built in no time and about those gigantic profits supercharger network would generate…

[@taylorc2542]

FSD is going to happen which completely changes the use case for chargers. You have to think ahead and understand how the world will look in a robotaxi world.

[@krafter324]

If people can afford FSD as he will prob raise it back up and don’t want to drive. I think that’s a ways off for the average Joe. Just getting them to drive electric is a challenge.

[@rok1475]

@@taylorc2542 based on thinking ahead that happened some decades ago, we should all by now be traveling in flying cars and use jet packs rather than walking. Best of all, we would all have a Rosie from U-Rent-A-Maid cleaning our houses.

[@bobbbobb4663]

@@taylorc2542 babysmurf9000's legal team says FSD is not autonomous so who cares about human driven Robotaxi's! Adrian re-invents Yellow Cab!

[@Nunya-lz9ey]

Tesla fans are the only people I. The EV space with anything to be happy about lol You’re a fool if you think Tesla supercharging business is done and I’d be a fool to think you can connect the dots for yourself. You will have to wait and see

[@cosmicdust22]

미국인들은 외국어 발음 제대로 하는게 없네

[@dangrass]

I predict that Musk will reverse himself on the Supercharger thing within a couple of weeks. He had a hissy-fit and made a big mess because of things in the process. If ever there were a case where Kimbal should have intervened, this is it.

[@ryansmithc]

Ah, another guy who thinks he knows how to run Tesla than Elon because of news headlines.

[@landcruiser801]

@@ryansmithc It's like he does not have form to taking a sledge hammer to depts that are stalling. Having loads of people going to meetings to prove themselves achieves nothing.

[@dertythegrower]

Ford and GM as i typed here, relies on Elons network now.. they signed the deal last July, finally, and folded to the superior idea by elon

[@dangrass]

@@ryansmithc As a long-term Tesla supporter, owner of a Tesla car, and a Tesla investor, and reader of the Isaacson bio, I am concerned. Firing an entire group because you wanted to make an example of the manager of the group is an exercise in ego, not smart management. If you read the Isascson bio you will see countless examples of this behavior, many which were prevented by Kimbal's intervention. Check it out.

[@russh6414]

Musk is just making a play for a bigger piece of that sweet, sweet infrastructure G'ment cheese package.

[@danharold3087]

The spin is that Consumers don't want EVs. Reality is all of Legacy did the equivalent of opening up a ethnic restaurant next to the real thing but served 'ethnic' dinners from the frozen food section. Now that China has illustrated it is willing to match or beat price regardless of the cost to them, there is little market for EVs without Chinese backing. Spend a few Billion on CAPX to make better cars for less and the Chinese simply lower their prices. Wasted investment.

[@BTC_Minarchist]

💯

[@joebachmeier6747]

Out of touch. Which of the lackluster OEM's is going to make a better battery then 600 miles which is set to come in 2025 2026. None of those goofballs except Tesla

[@AllanSustainabilityFan]

Tesla could have made that a few years ago, but it's not really wise to carry all that mass around when hardly anyone actually uses it. More cost, less efficiency, less EVs produced with existing supplies, etc. Maybe they'll make some kinda heavy duty product - example Semi - with such ranges, but the sweet spot seems to be 300 miles for consumer applications.

[@dertythegrower]

those exist.. panasonic and elon, and copycat company byd did already, they claim....

[@joebachmeier6747]

@@AllanSustainabilityFan Once you have 600 miles volumetric efficiency doesn't matter. The product you have already does it. 600 miles means charging once a week. Caae closed. Even if the charger is 15 minutes out of the way. Once a week is no big deal

[@FrunkensteinVonZipperneck]

Tesla is CATL’s best customer. My revivifier says, “Model Y has ‘dibs’ on new batteries.”

[@drjekelmrhyde]

Chevy Silverado EV is already doing 560

[@bobbbobb4663]

Tesla Headline News: Thousands of new Slowchargers to be installed via volunteer help this year! Adrian too cheap to put up a fence at the German furnace! BP going to upgrade abandoned Slowchargers!

[@Alexzw92]

Bob, you and I know that none of that is accurate

[@bobbbobb4663]

@@Alexzw92 babysmurf9000 decimated the Slowcharger team yet "promises" to spend $500 Million to expand access. A few protesters "storm" the German furnace. BP interested in acquiring Slowcharger sites that Adrian's decimation made useless. More like Tesla Accurate Headline News.

[@dertythegrower]

​@@Alexzw92might be sideshow Bob the clown

[@bobbbobb4663]

@@dertythegrower New product teams fired, one year of cash left at the current burn rate, and zero autonomous permits. Tick-tock....

[@danharold3087]

@@bobbbobb4663 China is buying the EV market. Prices are set to undercut or match the competition without regards to making money. Most recent example the Xiaomi SU7 is backed by electronics giant Xiaomi and manufactured the Chinese state owned company Beijing Automotive Industry Holding Co. Ltd (BAIC).