sabreW4K3@lazysoci.al to Automotive Industry@discuss.tchncs.deEnglish · 20 days agoGM had $6 billion to spend on EVs, chose stock buybackselectrek.coexternal-linkmessage-square14fedilinkarrow-up1145arrow-down12
arrow-up1143arrow-down1external-linkGM had $6 billion to spend on EVs, chose stock buybackselectrek.cosabreW4K3@lazysoci.al to Automotive Industry@discuss.tchncs.deEnglish · 20 days agomessage-square14fedilink
minus-squareOpticalMoose@discuss.tchncs.delinkfedilinkEnglisharrow-up38arrow-down1·20 days 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-220 days 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-down1·20 days agoWas it supposed to? The government isn’t a company.
minus-squarenehal3m@sh.itjust.workslinkfedilinkEnglisharrow-up6·20 days agoExactly so they shouldn’t have bailed anyone out in the first place.
minus-squarePunnyName@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·20 days 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].