GM received more than $7 billions of subsidies and around $50 billions of “Federal loans, loan guarantees and bailout assistance”.
US auto manufacturers are getting their fair share of subsidies.
Comment on Why Americans Can’t Buy the World’s Best Electric Car
wildbus8979@sh.itjust.works 2 days agoAlternatively we could start subsiding local car makers
We have been. Bailout after bailout. For the longest fucking time, and have had insane trade rules and tarrigs in place for decades and decades. I’d argue this is what another country finally being able to play on a level playing field.
BastingChemina@slrpnk.net 1 day ago
anomnom@sh.itjust.works 22 hours ago
To be fair GM sold or closed a lot of its brands and foreign subsidiaries, and paid back the loan.
I fucking hate what the IS auto industry has historically and is currently doing (making constantly bigger and more expensive trucks in a time we need smaller lighter EVs), but it’s actually a bit different from the SpaceX or EV credit subsidies and more of a low interest loan.
The US has far too many dispersed rural towns for public transit to cover. Yes we need more high speed rail and light rail, but we’re gonna need personal cars because of distances, weather and employment practices for a long time still. And there’s no reason they need to be 3 ton high soeed blind spots.
418_im_a_teapot@sh.itjust.works 2 days ago
Is it a level playing field? In China workers rights are pretty non-existent and there’s no OSHA equivalent, at least not to the degree we have in the US. Then add in government subsidies, lower worker pay, reduced R&D costs because they pilfered the engineering from a US company, and you end up with a very lopsided market.
To be clear, I am in no way defending the US auto industry. They have little customer loyalty for a reason – low quality, overpriced, subscription dependent vehicles with terrible warranties, expensive service requirements, and invasive telemetry. They need more competition to force them to make more consumer-friendly decisions, but China is hardly a fair competitor.
wildbus8979@sh.itjust.works 1 day ago
In China workers rights are pretty non-existent and there’s no OSHA equivalent, at least not to the degree we have in the US
How much maternity leave d’you get in the US? Cause in. China it’s a minimum of 90 days up to 180. And an extra 15~30 days of pat leave. Mandatory paid holiday? US: 0 China: 11. Sick leave? US: 0 China: months (at reduced rate).
The work sfatey certainly remains an issue, like any developing country, but things are rapidly improving.
Efforts at work safety shall be oriented around people and reflect the principle of people first and life first, with top priority given to people’s life safety. The philosophy of safe development shall be adhered to and the principles of safety first, prevention as the main target as well as comprehensive administration shall be followed to forestall and resolve major safety risks at the source.
en.npc.gov.cn.cdurl.cn/2021-06/10/c_786248.htm
Things aren’t all roses in China, but y’all have to get off of your high horse when you know fuck all other than bland ass propaganda.
CosmoNova@lemmy.world 2 days ago
You can‘t compare a bailout with an aggressive offensive. Especially since western car makers and many other manufacturers outsourced to China in the process. There are few to no parallels to be drawn here. A more accurate, albeit tasteless comparison would be the China opium wars. Because that‘s essentially what they‘re aiming to do: Making us addicts to their product.
IsThisAnAI@lemmy.world 2 days ago
When was the second bailout? Or the first if you’re referring to something older.
homesweethomeMrL@lemmy.world 2 days ago
After the auto industry intentionally killed public transport.
The fact that one of the most powerful monopolies in the world went bankrupt and was forced to be bailed out by taxpayers more than once should really be a disqualifier for any future endeavors.
witchybitchy@lemmy.world 2 days ago
you accidentally forget to pay ur credit card minimum for one month and you’re docked so many credit score points that you’re ineligible for being given a loan.
but we bail out these megacorps time and again and just keep letting them operate like nothing’s amiss
shit’s borked (intentionally, to favor those with means)