U.S. government lost $11B on GM bailout – now it’s loaning another $28B
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#government #us #gm #loaning #bailout #evnews
👇Reference to the news/charts & videos used in this video:
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The whole Communist Chinese EV manufacturers are on government bailout lets mention that
To cover the cost of Hunter Biden's position on the Board of Directors?
The US should stop accusing China of subsidizing its auto industry. US do it just as extensively.
So, its easy for a non-american to find fault in investments into American companies when if those companies went belly up, it would crater many, many other companies that are tied to them. You're talking literally losing millions of jobs if GM and Ford went belly up. Also, what's this whole thing about America first that people keep talking about?
Also, not everyone lives in a city, man. Most of the country does not, with no real public transportation. You should take a drive across the US and see for your self.
😂😂😂
And yet they have the money for a new Formula 1 team?
biden loans to US car makers will never be repaid , car makers will bankrupt if government want them to repay, Just bankrupt games over , no need to pay
I am an advocate of electric cars but self driving cars are years away look at the amount of deaths they have caused in the United States
This money is burned!
Tesla/Rivian buy/merge who knows. Seems like a match made in heaven.
Who is responsible when robots taxi crashes? President elect musky?
Two things.
1- This caps the accomplishments of the worst President in my lifetime.
2- The USA government has no money, its the American taxpayers (and their grandchildren) who are getting screwed (by biden).
I wish japan did that too but we're broke, we can't even pay our politicians a livable wage 😅 done politicians work part time in construction…
Gotta compete with Chinese EV subsidies. Or not?
The only way to get the money back will be to tax us more .US tax payers will be stuck paying the bill.
Biden rolled America, not Trump.
Commenting from the US…
Please help us!
Hope they make some high density prismatic batteries. and that the evgo loans aren't just used again to just pay for installing chargers that are never used because they are too expensive, not advertised, and broken. Like how do you hold these saboteurs accountable. Like make the loans grants but require the stations sell at cost.
So donate the stations and maintenance cost, just charge for the actual electricity at cost. That way people see what's possible, and competition will start building around that, ie, somewhat higher price, but less wait time because the other stations will be occupied all the time of course. Or even better: charge for the actual electricity + 10% overhead. Which will be barely noticable difference to the customer, but might turn out is still very profitable because of high use. Somebody has to do it. I feel like the environment is communist saboteurs coupled with capitalist monopolists without any one willing to compete. You literally need this for people without a house to be able to charge their cars cost effectively.
This is also very easy to do: just put at cost fast chargers in major population centers, which is also where most people rent apartments instead of own homes. Ie you don't need to create a giant network of these, if elon doesn't come along with pricing.
America is a capitalism country? Or adopting to be a Socialist Communist country? Red is in
Strange that the least competent companies get the loans ? Smacks of cronyism, if not outright corruption !
Musk has no reason to complain. He is the richest man in the world due to his government contracts and the government money given to Tesla.
So Biden is handing out billions in "loans" – there's corruption right there…
Can I have a BILLION dollars please. I promise I'll pay it back..
Actually crazy to know who's going to be the next president, while the old one is still in charge for such a long time. Biden is just throwing the next president under a bus right at the start, on purpose. In fact so clear, shameless and obvious that I would be surprised if people forget about this within 4 years.
The GM loan was paid back with interest.
I read these loans are paid over time and have progress metrics the companies need to reach to get the full values. Not like the previous loan to GM.
I don't care.
Another good video! Just test drove the 2024 Model Y yesterday. I say the future belongs to the smaller auto companies. I remember the Chrysler bailout as well as the first GM bailout. They need to stop this.
Great video, important information.
SK group? Really? The Chariman that need paid for more than $1 billion dollar for his ex-wife. Oh that the money he needed lol. 😂 From USA citizens ofc.
👍👍
Sorry but thats tax payer money not the government. Biden and his administration are on a spending spree to sabotage the Trump administration.
This is exactly the ridiculous type of crony capitalism that people voted against