this post was submitted on 20 Jun 2024
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Automotive Industry

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Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’ (fortune.com)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 6 months ago (2 children)

Companies can't compete with governments.

[–] [email protected] 5 points 6 months ago

it's kind of weird when it's hard to tell the difference between them.

(also, check out the book "Jennifer Government")

[–] [email protected] 3 points 6 months ago

US car companies are backed by US government subsidies.