“I would see this as BMW unashamedly playing the subsidy card, which many have done before them and many will follow, trying to squeeze out some fiscal buoyancy aids from the UK government, which holds terrible cards,” he says.
So, securing MINI whilst the rest goes to get made in China is holding terrible cards?
Sure buddy, and when they get German govt subsidy, what’s that then?
Yeah, and generally governments around the world pay a lot of subsidies to all kinda of industries. There are a lot of jobs on that, not just the factory itself, but the whole structure around it that delivers parts and services to the factory. Then you want to secure some important technologies and productions in your country.
E.g. in Germany we are going to invest a lot in semiconductor factories. We won’t see a direct return in tax from those factories for quite a while or even ever. However, securing that technology and production in the country is worth it.
So, securing MINI whilst the rest goes to get made in China is holding terrible cards?
Sure buddy, and when they get German govt subsidy, what’s that then?
https://www.cleanenergywire.org/news/bmw-secures-68-million-euros-state-funding-new-battery-projects
Yeah, and generally governments around the world pay a lot of subsidies to all kinda of industries. There are a lot of jobs on that, not just the factory itself, but the whole structure around it that delivers parts and services to the factory. Then you want to secure some important technologies and productions in your country.
E.g. in Germany we are going to invest a lot in semiconductor factories. We won’t see a direct return in tax from those factories for quite a while or even ever. However, securing that technology and production in the country is worth it.
I’m sure he’s unbiased in every way.