Showing posts with label G.M.. Show all posts
Showing posts with label G.M.. Show all posts

Thursday, November 29, 2018

Smart? . . .


(from https://www.vanityfair.com/news/2018/11/trump-general-motors-subsidies-threat?fbclid=IwAR0uCf7rjN_SK2HIE3OuUgxYvCZKRFAZ9_9cHzTBVSCA_K3r7DyMQdc_WLU)
". . . the president of the United States threatening to punish a private company for making a decision based on market realities that are partially his fault is . . . really something! But the whole thing takes on some extra hilarity when you realize, for the 927th time this year, what this not-at-all-smart guy is unintentionally proposing. As Dan Primack points out, subsidies for G.M.-specific electric vehicles do not exist. Rather, there are industry-wide federal tax credits of up to $7,500 available for purchasers of U.S. electric cars, with “aggregate caps of 200,000 vehicles per manufacturer.” In other words, getting rid of the subsidy in its current form would hurt both American consumers and other auto manufacturers. . ."





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