Chicago Preview: Toyota Readies Some New Off-Road Specials

He's reduced his stake in BYD from 10% to less than 5%.  https://fortune.com/asia/2024/07/23/warren-buffett-berkshire-hathaway-cuts-byd-stake-china-ev/  

Warren Buffer I believe owns a good bit of stock in BYD....interesting. Going to try to verify this.

Exactly why the myth of totally free markets is just that, a myth.

Honestly, that's probably around when I'd buy again, too. I'm in no rush. I'd love a large EV SUV or truck, but I don't have the monies for an R1S, Lightning, Sierra EV or whenever the Scouts show up. 

That's every car company out there. Toyota and Honda only exist today because of the US government getting Japan back on its feet and then later the Japanese government supporting them with currency manipulation and socialized pensions and medicine. Subaru was originally Fiji Heavy Industries which built busses, trains, heavy construction machinery, and was a major supplier of airplanes. FHI is still a major aerospace company who supplies parts for the Airbus 380 and just about every model Boeing makes or has made that starts with a 7. They also make military helicopters and both military and commercial drones. Mercedes-Benz, BMW, and VW are all here today because of the Marshall Plan and later their countries' social medicine and pension programs. Mercedes makes a lot of military and construction equipment purchased by governments. BYD (and others) is where it is because the Chinese government spent loads on battery development and incentives to its citizens to by EVs. Prior to that, BYD built their industrial might on building busses and other heavy machinery for the Chinese government and local governments all over the world. GM and Ford had major defense contracts during WWII, the 2008 bailouts, the Biden EV tax credits, the Obama cash-for-clunkers incentives, and much more. However, they famously have always had to manage their own healthcare and pensions systems which are what put them at a competitive disadvantage throughout the 80's and 90's. Stellantis's ownership timeline is too convoluted to even tackle, but Chrysler was bailed out in 1979, then they bought AMC/Jeep which had been kept afloat by the military, then they were bailed out again in 2008 by both the US and Italian governments. Fiat is/was a major equipment and bus supplier in Europe. The French government has always supported Peugeot and Citroen... the list goes on.