Nonunion, foreign-owned automakers

"Time was, the Big Three were the U.S. auto industry. No longer. Over the past two decades, enticed by cheap labor and massive incentives, a second auto industry has emerged: nonunion, Southern-based and foreign-owned. By moving aggressively into Kentucky, Tennessee, Alabama, Mississippi, South Carolina, Georgia and Texas, foreign manufacturers—call them the "Little Eight"—have transformed the economic geography of the nation's auto industry and the political debate surrounding its future."
Newsweek

Useless to subsidize inefficient and non-productive industries. The market has to facilitate the capital allocation. But these states subsidized foreign companies. Does the US want to give up ownership of car companies? Owning companies in this sector has no meaning at all?