Fun fact: The US Gov't never broke even on that bailout https://www.nbcnews.com/businessmain/u-s-exits-gm-stake-taxpayers-lose-10-5-billion-2D11716261
this post was submitted on 14 Jun 2024
142 points (98.6% liked)
Automotive Industry
342 readers
3 users here now
News and discussion about the automotive industry.
founded 1 year ago
MODERATORS
Of course not.
Just like Cash for Clunkers only lined the pockets of auto manufacturers.
You can't make more of something and somehow reduce energy and materials consumption.
Was it supposed to? The government isn't a company.
Exactly so they shouldn’t have bailed anyone out in the first place.
Um. Always has been [a business].
Also gm: we can't compete with china! U gives us subsidies and tariffs!
Who killed the electric car?
Oh. Oh, right.
Meanwhile Biden put 100% tariffs on Chinese EVs entering the US. No wonder the US is losing to China.
FUCK THE BIG 3
Kendrick?
huh?
It's a Hip-Hop joke in reference to Kendrick Lamar saying "fuck the big three, it's just big me" and starting the feud with Drake earlier this year.
The auto industry is a racket
EV motors are simple and cheap to develop. The cost is in designing new cars, but the motors are cheap to develop.