_DeadFred_ 4 days ago

The US government bailed out GM under Obama. Do you know what GM did this month? They spent billions on stock buybacks and millions on bonuses while firing a ton of people. F'em. They aren't a car company, they are a stock company that happens to make cars, a route most large American companies seem to be taking (see also Boeing, whose management cares so much about/is detached from their product that they relocated their management away from the business and to Washington DC).

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MaxPock 3 days ago

China is a 30 million a year car market and up until 2 years ago,GM used to sell more cars in China than in the US . It was an incredible cash cow .

_DeadFred_ 3 days ago

It was so weird going to China backing in the early 2010's and seeing everyone driving Buicks. I'm not sure what I was expecting, but it wasn't a sea of Buicks.

tibbydudeza 3 days ago

GM sales has cratered there - a wrong product mix for a market that wants 36% EV's or hybrids hence them focusing on new EV platform and doing the new Bolt.