schizoidman@lemmy.ml to

Automotive Industry@discuss.tchncs.deEnglish · 5 months ago

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’

cross-posted to:
world@lemmy.world

43

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’

schizoidman@lemmy.ml to

Automotive Industry@discuss.tchncs.deEnglish · 5 months ago

cross-posted to:
world@lemmy.world

BofA argues GM, Ford, and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla. But they can’t do both.

Chat

Skyrmir@lemmy.world
link
fedilink
English
arrow-up
7
arrow-down
3·
5 months ago
Companies can’t compete with governments.
- ASeriesOfPoorChoices@lemmy.world
  link
  fedilink
  English
  arrow-up
  5·
  5 months ago
  it’s kind of weird when it’s hard to tell the difference between them.
  
  (also, check out the book “Jennifer Government”)
- istanbullu@lemmy.ml
  link
  fedilink
  English
  arrow-up
  3·
  5 months ago
  US car companies are backed by US government subsidies.