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GM, Ford, and Chrysler receive billions in subsidies. During the 2008 Auto crisis the US gave those three $70 billion to keep them afloat. The US subsidizes its car companies. It also spends tens of billions subsidizing Boeing, Intel, Lockheed-Martin, IBM, JP Morgan, Goldman Sachs, and various airlines. Telsa, like many other companies, also receives subsidies. So what? There's nothing special going on here.


Ford's case was somewhat different from that of the other carmakers. They accepted some government loans, but not the cash for equity swap.

http://www.factcheck.org/2011/09/ford-motor-co-does-u-turn-o...


>During the 2008 Auto crisis the US gave those three $70 billion to keep them afloat.

Sold equity for it.


Why didn't they sell that equity to private buyers if it was so valuable? Oh wait, the companies were on the verge of bankruptcy so that equity was worthless. Gave is the right word here.


They should not have received it besides more Americans drive Ford,GM and Toyota than Tesla.




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