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They are subsidized by Chinese government like the Toyota in the 70s by the Japanese.
by reliabilityguy 1y ago
They are subsidized by Chinese government like the Toyota in the 70s by the Japanese.
- kube-system 1y agoas are US automakers.
- reliabilityguy 1y agoCan you provide any info on that? I’m curious.
- kube-system 1y agoThey actually receive some of the highest subsidies of any companies in the US. Some examples include: * Politicians often give automakers often receive state and local tax breaks in exchange for constructing plants in their jurisdictions * Federal grants and incentives for clean energy initiatives * The infamous 2008 bailouts, where for example, the US Treasury bought enough GM shares that they became the controlling shareholder, effectively nationalizing the automaker.