GREAT to see GM responding to the looming challenge of competing with Chinese EVs with… a massive stock buyback.
Betting smartly on their future being guaranteed by massive tariffs and bipartisan willingness to bail them out of their own incompetence again and again.
https://electrek.co/2024/06/14/gm-had-6-billion-to-spend-on-next-gen-evs-chose-stock-buybacks-opinion/?fbclid=IwZXh0bgNhZW0CMTEAAR07BSTjyfHVbq8hpmuWZ0rZlRsbIaepktUO1s_TEaEvJ6Ijv4KAW173qjA_aem_ZmFrZWR1bW15MTZieXRlcw
@bikepedantic there's limits to how fast we can change, companies (and people) really ought to do a better job of preparing for change, and then doing it.
@bikepedantic incompetence would be absolutely quaint relative to the story of regulatory capture and political corruption that is the past century of GM
@bikepedantic the looting will continue until morale improves