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this post was submitted on 26 Aug 2024
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The Big Three - With the help of governments we will create EVs for North America that will help reduce carbon levels.
China - financially supports the development of cheap EVs it wants to ship worldwide.
The Big Three - No not like that!!!!
Edit - To all those downvoting, how many times have we bailed out or given loans/grants to the Big Three?
1979 - Dec. 21- Chrysler receives a $1.5 billion federal loan guarantee, known as the Chrysler Loan Guarantee Act of 1979, the first big US automaker bailout. Source
Dec 2008 - President Bush announces a $13.4 billion emergency bailout for GM and Chrysler to be paid by mid-January 2009. (source same as above)
Funny you're being downvoted. Apparently the government sending billions in subsidies to companies that offshore most manufacturing to China anyway is the free market. But China doing the same thing isn't.