GM had $6 billion to spend on EVs, chose stock buybacks
GM had $6 billion to spend on EVs, chose stock buybacks
electrek.co GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
Despite delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to NOT invest $6 billion in new product.
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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
37 1 ReplyOf 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.
20 1 ReplyWas it supposed to? The government isn't a company.
7 1 ReplyExactly so they shouldn’t have bailed anyone out in the first place.
6 0 ReplyUm. Always has been [a business].
1 1 Reply
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