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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 4 comments | 29 Jun 25 15:59 UTC | HN request time: 0s | source
1. reliabilityguy ◴[30 Jun 25 12:56 UTC] No.44422696[source]▶
They are subsidized by Chinese government like the Toyota in the 70s by the Japanese.
replies(1): >>44423212 #
2. kube-system ◴[30 Jun 25 13:45 UTC] No.44423212[source]▶
as are US automakers.
replies(1): >>44425006 #
3. reliabilityguy ◴[30 Jun 25 16:16 UTC] No.44425006[source]▶
Can you provide any info on that? I’m curious.
replies(1): >>44425376 #
4. kube-system ◴[30 Jun 25 16:49 UTC] No.44425376{3}[source]▶
They actually receive some of the highest subsidies of any companies in the US.

Some examples include:

* Politicians often give automakers often receive state and local tax breaks in exchange for constructing plants in their jurisdictions

* Federal grants and incentives for clean energy initiatives

* The infamous 2008 bailouts, where for example, the US Treasury bought enough GM shares that they became the controlling shareholder, effectively nationalizing the automaker.