this post was submitted on 18 Apr 2024
109 points (98.2% liked)

World News

38979 readers
2837 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] FenrirIII@lemmy.world 3 points 6 months ago (1 children)

China does not do altruism. Their car manufacturers are owned and subsidized by the government. They're made to saturate and destroy markets with cheap goods, driving out the competition. Once there is no competition, they have the market to themselves and can manipulate as they see fit.

[–] naturalgasbad@lemmy.ca -1 points 6 months ago

Subsidized by the government like...

Tesla?

https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated

https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

https://www.govtech.com/policy/gov-newsom-says-california-subsidies-powered-teslas-success

Oh, sorry, you must have meant a traditional car manufacturer like Ford.

https://www.cbtnews.com/ford-scores-massive-9-2-billion-loan-for-electric-vehicle-batteries/

https://www.michigancapitolconfidential.com/news/ford-loses-billions-on-evs-despite-government-subsidies

https://www.bloomberg.com/news/articles/2022-10-13/ford-jobs-cost-414-000-apiece-as-fight-for-factories-takes-off

https://www.heritage.org/government-regulation/commentary/taxpayers-are-subsidizing-rich-electric-vehicle-owners-the-tune

https://www.autonews.com/manufacturing/ford-factory-subsidies-are-much-higher-other-deals

Oh, you meant other traditional car manufacturers like GM who took government loans to bail them out from bankruptcy.

https://www.wsj.com/articles/subsidies-supercharge-gms-ev-strategy-11668776501

https://www.energy.gov/articles/biden-harris-administration-announces-155-billion-support-strong-and-just-transition

https://www.mackinac.org/blog/2022/general-motors-should-not-get-soar-subsidies

https://www.politico.com/story/2018/12/19/bush-bails-out-us-automakers-dec-19-2008-1066932

https://www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/

Or maybe you meant non-American car manufacturers like Volkswagen?

https://www.reuters.com/business/autos-transportation/volkswagen-subsidy-cost-canada-c24-bln-more-than-forecast-2023-06-14/

https://www.cleanenergywire.org/news/germany-has-subsidised-total-two-million-electric-cars

https://industryeurope.com/sectors/transportation/germany-to-double-ev-subsidies-as-vw-launches-car/

They're made to saturate and destroy markets with cheap goods, driving out the competition. Once there is no competition, they have the market to themselves and can manipulate as they see fit.