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 1 year ago by schizoidman@lemmy.ml to c/automotive@discuss.tchncs.de
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[–] Skyrmir@lemmy.world 5 points 1 year ago (2 children)

Companies can't compete with governments.

[–] ASeriesOfPoorChoices@lemmy.world 5 points 1 year 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 3 points 1 year ago

US car companies are backed by US government subsidies.