BoA 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.
I assume the $6 billion refers to their recent stock buyback? Stock buybacks should be illegal, but I don’t see where that’s ripping off the government. It’s actually notable that the government took a massive ownership stake in GM in exchange for the COVID bailout.
See my other reply to a similar comment.
I assume the $6 billion refers to their recent stock buyback? Stock buybacks should be illegal, but I don’t see where that’s ripping off the government. It’s actually notable that the government took a massive ownership stake in GM in exchange for the COVID bailout.
Here’s the story https://lazysoci.al/post/14658610