Comment on Why Americans Can’t Buy the World’s Best Electric Car

• jubilationtcornpone@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  Well they wouldn’t if not for that hefty bailout by the American taxpayers that they got back in 2008.

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  • Tiger666@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    Ford was the only one not to take a buyout, FYI.

    Ford wouldn’t survive BYD either, though.

    Greed rules the Western world.

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    • wildbus8979@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      In September 2009, Ford entered into an agreement with the Department of Energy and borrowed $5.9 billion

      www.freep.com/story/money/cars/…/5526413002/

      They still hadn’t paid it back in full in 2022.

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      • LilB0kChoy@midwest.social ⁨1⁩ ⁨month⁩ ago

        This is definitely worth mentioning but it’s also good to note that it was a loan not a bailout and Ford has repaid it.

        Documents filed by Ford show the company owed payments of $591 million in 2020, $591 million in 2021, and $289 million in 2022. As of this year, the loan has been completely repaid. But the compact cars it built with the original loan have since been discontinued.

        Ford also received a $9.2B loan for EV battery factory projects from the government.

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    • psycho_driver@lemmy.world ⁨1⁩ ⁨month⁩ ago

      P.S. Actually the average american would be benefited from that

      Ford has been busy corporate decisioning itself into irrelevance for decades now. The only reason Ford is even still around is the F series.

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