sabreW4K3@lazysoci.al to Automotive Industry@discuss.tchncs.deEnglish · 6 months agoGM had $6 billion to spend on EVs, chose stock buybackselectrek.coexternal-linkmessage-square14fedilinkarrow-up1143arrow-down12cross-posted to: [email protected][email protected]
arrow-up1141arrow-down1external-linkGM had $6 billion to spend on EVs, chose stock buybackselectrek.cosabreW4K3@lazysoci.al to Automotive Industry@discuss.tchncs.deEnglish · 6 months agomessage-square14fedilinkcross-posted to: [email protected][email protected]
minus-squareOpticalMoose@discuss.tchncs.delinkfedilinkEnglisharrow-up37arrow-down1·6 months agoFun 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
minus-squareBearOfaTime@lemm.eelinkfedilinkEnglisharrow-up20arrow-down1·edit-26 months agoOf 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.
minus-squareTachyonTele@lemm.eelinkfedilinkEnglisharrow-up7arrow-down1·6 months agoWas it supposed to? The government isn’t a company.
minus-squarenehal3mlinkfedilinkEnglisharrow-up6·6 months agoExactly so they shouldn’t have bailed anyone out in the first place.
minus-squarePunnyName@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·6 months agoUm. Always has been [a business].
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
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].