The majority shareholder at GM is the US treasury.
One of the majority holders at Stelantis is their workers’ union.
Comment on Why Americans Can’t Buy the World’s Best Electric Car
FireRetardant@lemmy.world 3 days agoPretty sure big oil and car companies have been bailed out by the US government in the past. Plus america designs most of its cities so that you need to own a car. Seems like both markets are equally “free” at the end of the day.
Tiger666@lemmy.ca 2 days ago
IsThisAnAI@lemmy.world 3 days ago
A one time loan which made money is hardly a subsidy by comparison to China right now. That’s an absurd comparison. Apples to oranges. Hell apples to baseballs.
FireRetardant@lemmy.world 2 days ago
There is also CAFE standards that made small, effecient vehicles require extremely high emissions standards while allowing looser standards for larger, less effecient vehicles. Effectively limiting foriegn market influence while increasing both the price and size of the average vehicle on American roads.
IsThisAnAI@lemmy.world 2 days ago
That’s not a competitive subsidy though. Anyone can and don take advantage of those emissions. The US does not have access to China subsidized materials or labor to compete in that market.
BYD could build here and take advantage of that.
boonhet@sopuli.xyz 2 days ago
The US actually heavily tariffs foreign-made vehicles that could skirt the CAFE requirements the way American trucks do. Light trucks suffer the Chicken Tax and can only be made in Canada, US or Mexico to bypass that. Been that way since the UAW boss asked LJB to do something about the German imports growing.