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GM had $6 billion to spend on EVs, chose stock buybacks (electrek.co)
submitted 3 months ago by sabreW4K3@lazysoci.al to c/automotive@discuss.tchncs.de
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[-] OpticalMoose@discuss.tchncs.de 37 points 3 months ago

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

[-] BearOfaTime@lemm.ee 19 points 3 months ago* (last edited 3 months ago)

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.

[-] TachyonTele@lemm.ee 6 points 3 months ago

Was it supposed to? The government isn't a company.

[-] nehal3m@sh.itjust.works 6 points 3 months ago

Exactly so they shouldn’t have bailed anyone out in the first place.

[-] PunnyName@lemmy.world 0 points 3 months ago

Um. Always has been [a business].

this post was submitted on 14 Jun 2024
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