Monday tickle for Wednesday
Posted: Mon Apr 29, 2013 5:05 pm
A Chinese electric car maker will begin manufacturing its electric buses in California on Wednesday in order to qualify for a federal subsidy.
BYD Co.’s move won’t bring a lot of jobs yet, The Wall Street Journal reports, but it will be able to take advantage of the subsidy immediately. The company will be able to sell its buses at a huge markdown. U.S. taxpayers will foot the rest of the bill – which can be up to 80 percent per bus.
BYD spokesman Micheal Austin told the Journal that the company’s U.S. facility meets "Buy America" guidelines that allow buyers to take advantage of the government help.
US Taxpayers Footing Bill for Chinese Car Maker in Calif.
http://www.newsmax.com/Newswidget/chine ... z2Rt7wUQn1
Old Pudfark sez: " What happened to hot dogs, apple pie and Chevrolet? Shut up and Lean Forward, take yer eggroll like a man...TY Obama. "
BYD Co.’s move won’t bring a lot of jobs yet, The Wall Street Journal reports, but it will be able to take advantage of the subsidy immediately. The company will be able to sell its buses at a huge markdown. U.S. taxpayers will foot the rest of the bill – which can be up to 80 percent per bus.
BYD spokesman Micheal Austin told the Journal that the company’s U.S. facility meets "Buy America" guidelines that allow buyers to take advantage of the government help.
US Taxpayers Footing Bill for Chinese Car Maker in Calif.
http://www.newsmax.com/Newswidget/chine ... z2Rt7wUQn1
Old Pudfark sez: " What happened to hot dogs, apple pie and Chevrolet? Shut up and Lean Forward, take yer eggroll like a man...TY Obama. "