this post was submitted on 16 Jun 2024
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[–] mlg@lemmy.world 17 points 5 months ago* (last edited 5 months ago) (1 children)

If they were barely a blip, they wouldn't have been bailed out for ~~17.4~~ 50 billion dollars.

[–] ShepherdPie@midwest.social -4 points 5 months ago

Perhaps "barely a blip" wasn't the most accurate phrasing but they're not exactly crushing the competition. GM is at 16.5% while Toyota is #2 (14.4%), Ford #3 and Hyundai is #4. Stellantis isn't even a US company so I don't know why people still think of Dodge/Chrysler/Jeep as American brands. The whole market is pretty mixed and these tariffs on Chinese vehicles are protecting the market not US companies.

https://finance.yahoo.com/news/teslas-us-market-share-now-tops-volkswagen-subaru-and-bmw-161055575.html

The bailouts were given to save US manufacturing jobs and all these companies besides Ford have fully paid back those loans.