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Tuesday, September 27, 2011

GM Now Going After China Subsidies For Electric Cars Too

Despite receiving huge U.S. government cash to produce electric cars that nobody wants, GM is now heading to China with its hat in hand to get another $19,300 subsidy per car produced. The catch? It has to give up its technology to China's SAIC Motors and produce the vehicles in China.

Let's see if GM can turn a profit on electric even with these additional subsidies...