The good news: Regulators have exercised unusual restraint.
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
President Joe Biden's support for the United Auto Workers might have harmed his push for a faster transition to electric vehicles.
Carmakers don't need a crony-capitalist slush fund.
The Inflation Reduction Act imposes byzantine requirements to qualify for the credits. Some automakers are simply ignoring them and finding other ways to lower prices.
It would result in shortages, decreases in productivity, and higher production costs affecting millions of American workers and nearly every consumer.
Unionization helps some. But it hurts more.
You can thank robust competition for the fact that environmentally friendly cars are easier than ever to afford.
Only vehicles made in unionized U.S. factories qualify for the full amount.
General Motors is being charged import taxes on parts it needs to build ventilators. Its requests for relief have gone unanswered.
Can Our Shuttered Auto Plants Make Ventilators for Coronavirus Patients? And Will the Government Let Them?
GM’s CEO is offering to help. She shouldn't wait for the feds to figure out what to do.
Plus: The UAW is on strike, Josh Hawley meets with Mark Zuckerberg, and more...
Trump's rally promises won't happen because of Trump's trade policies
Shameless crony capitalism play by Detroit automaker
Victims will see very little of the criminal penalties that GM will pay
DOJ will pocket the massive criminal penalties it's about to impose
The criminal penalties that GM faces for the Cobalt debacle could be massive and deleterious to the driving public
The GM bailout is a gift that keeps on giving to the company.
Lawmakers are falling for NHTSA's line that it is too poor to keep drivers safe
Does anyone believe the Obama administration took as hard a look at GM as it did Toyota?
Since returning to the stock market three years ago
The share price would have to triple
So, there you go, you economic nationalists ...
Washing away the stink of favoritism and failure is a long ways away