this post was submitted on 16 Jun 2024
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Electric Vehicles

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GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion (electrek.co)
submitted 3 months ago by threelonmusketeers@sh.itjust.works to c/evs@lemmy.world
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Someone ought to make a clown applying makeup on how GM is handling the transition to EVs...

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[โ€“] j4k3@lemmy.world 20 points 3 months ago

Uhhh China! They invested in technology when we were too corrupt and stupid to take them serious. Now we pull McCarthy bullshit to whine about it. Xi said they were going to invest in the technology in 2014. It is not government subsidies, it is research and development of new technologies. China is better at it because we put no effort into it. The US auto industry has always been a shit show of back patting fools in their own bubble while building absolute garbage. That is why Japanese cars dominate, next will be China.