America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.
  • afraid_of_zombies@lemmy.world
    10·
    6 months ago

    June 11th 2024 GM announced that the board approved a 6 Billion dollar stock buyback plan.

    That is a direct wealth transfer from the company to the owners.

    We have met the enemy, and they are us.

      • afraid_of_zombies@lemmy.world
        5·
        6 months ago

        And this is why we will bail them out again.

        That 9 billion could have been spent on making a low cost EV to compete. It could have been spent as retention bonuses for their best workers. It could have been spent so many things that would secure their future in a changing world.