I think my comparison to the British auto industry is apt. Bankruptcy doesn’t mean the brand goes away but it can mean the domestic industry evaporates into nothing.
You look at companies like Lotus, MG, Land Rover, Jaguar, and even Volvo and you look at a future where their intellectual property assets essentially only exist to help geopolitical rivals. GM and Ford being sold to the Chinese would have been devastating to US industry.
There is no Volvo EV that is built in Sweden. There is no Lotus EV built in Britain. At the end of the gasoline production line run it’s just China producing all their future electric cars when they go fully electric in 5 years.
Don’t forget that automotive parts are a huge employer beyond the auto manufacturers themselves. If Geely buys Ford they’re moving parts supply to China. It’s a whole ecosystem and it’s strategically worth protecting.
Like I said, don’t forget how the government was paid back in full with interest for the bailouts. On top of that the governor gets to keep people employed rather than sending the jobs abroad. It was a no brainer obvious good policy, supported by both parties as well.
You look at companies like Lotus, MG, Land Rover, Jaguar, and even Volvo and you look at a future where their intellectual property assets essentially only exist to help geopolitical rivals. GM and Ford being sold to the Chinese would have been devastating to US industry.
There is no Volvo EV that is built in Sweden. There is no Lotus EV built in Britain. At the end of the gasoline production line run it’s just China producing all their future electric cars when they go fully electric in 5 years.
Don’t forget that automotive parts are a huge employer beyond the auto manufacturers themselves. If Geely buys Ford they’re moving parts supply to China. It’s a whole ecosystem and it’s strategically worth protecting.
Like I said, don’t forget how the government was paid back in full with interest for the bailouts. On top of that the governor gets to keep people employed rather than sending the jobs abroad. It was a no brainer obvious good policy, supported by both parties as well.